Finance & Economics

Reforms in Latvia must result in stronger enforcement to tackle foreign bribery and subsequent money laundering risks

Latvia has continued to improve its framework against bribery of foreign public officials and subsequent money laundering but the reforms need to translate into further effective enforcement, according to a new report by the OECD Working Group on...

Employment situation, OECD, second quarter 2019

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Source: Quarterly Labour Market Statistics, OECD

IMF Staff Completes Review Mission to Serbia

An International Monetary Fund (IMF) mission, led by Jan Kees Martijn, visited Belgrade during October 3 – 15, 2019, to hold discussions on the third review under Serbia’s Policy Coordination Instrument (PCI).

Project Signing: World Bank Signs $400 million Agreement to Help Uttar Pradesh Develop Safer, Resilient and Green Roads

The Government of India, Government of Uttar Pradesh and the World Bank, on October 11, signed a $400 million loan agreement to help the state of Uttar Pradesh strengthen, upgrade and maintain about 500 kms of the state’s core road network of state...

IMF Staff Completes 2019 Article IV and Sixth ECF Review Mission to Afghanistan

An International Monetary Fund (IMF) team led by Christoph Duenwald visited Dubai from October 3­–10, 2019 to conduct discussions for the 2019 Article IV consultation and the sixth and final review of Afghanistan’s economic program supported by a 3½ -...

FSB and IMF publish 2019 Progress Report on G20 Data Gaps Initiative

The Financial Stability Board (FSB) and International Monetary Fund (IMF), on October 11, published the Fourth Progress Report - Countdown to 2021 on the implementation of the Second Phase of the G20 Data Gaps Initiative (DGI-2). The report will be...

Philippines: High impact projects and critical reforms key to regaining higher growth

Amidst rising global uncertainties, the Philippine economy remains strong and is projected to grow 5.8 percent this year and 6.0 percent in 2020 and 2021, according to the Philippines Economic Update, released by the World Bank, on October 10.

World Bank Group Strengthens Its Engagement in Maldives

The World Bank has launched online public consultations for its second Systematic Country Diagnostic (SCD) in Maldives. The consultations invite views from the Maldivian public on what they think are the most important issues and opportunities facing...

Stop the waste: UN food agencies call for action to reduce global hunger

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According to the UN, an estimated one-third of all food is lost or wasted worldwide as it...

Trade Integration Even More Important for Latin America and the Caribbean as Growth Slows

The Latin America and Caribbean (LAC) region has entered a new phase of weak economic performance, but increased integration in international trade and global value chains could reinvigorate economic growth.