Finance & Economics

Amidst high trade tensions and policy uncertainty, UN cuts economic growth forecast

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A farmer harvests mung beans in Cambodia's northern province. After harvest season, farmers...

World Bank Scales Up Emergency Support for Mozambique, Malawi, and Zimbabwe in the Wake of Cyclone Idai

The World Bank, on May 3, announced that it has mobilized over half a billion dollars in new resources to help people in Mozambique, Malawi, and Zimbabwe affected by the assessed impact of Cyclone Idai.

IMF Executive Board Reviews Fiscal Policies for Paris Climate Strategies

On March 18, 2019, the Executive Board of the International Monetary Fund (IMF) discussed a paper providing country-level guidance on the role, and design of, fiscal policies for implementing climate mitigation strategies that countries have submitted...

Rapid action needed for people to meet challenges of changing world of work

Governments need to overhaul their approach to employment and jobs to reduce further social and economic tensions, according to a new report from the OECD. Without rapid action, many people, particularly the low skilled, will be left behind in the...

Low productivity jobs continue to drive employment growth

Employment is rising in OECD countries but most jobs continue to be created in relatively low-productivity, low-wage activities, says a new OECD report.

Mexico needs a new strategy to boost growth, fight poverty and improve well-being for all

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2.5 Million Iraqis and Businesses to Benefit from Improved Electricity Services

A new US$200 million World Bank project will provide increased and more reliable supply of electricity to about 2.5 million Iraqis and productive enterprises in the governorates of Basra, Al-Muthanna, Thi Qar, and Missan who currently suffer from...

IMF Staff ends Mission to Cameroon on the 4th Review under ECF

An International Monetary Fund (IMF) team, led by Ms. Corinne Deléchat, visited Yaoundé during April 23—May 3, 2019 to conduct discussions on the fourth review of the program supported by the Extended Credit Facility (ECF) that was approved in June...

Investing in Opportunities for People Focus of New Croatia World Bank Group Strategy

Supporting faster growth, increasing productivity and investing in opportunities for people, especially in less developed regions is the aim of the new 2019-24 World Bank Group (WBG) Country Partnership Framework (CPF) for the Republic of Croatia,...

IMF Staff Completes Mission to the Central African Republic

An International Monetary Fund (IMF) team, led by Mr. Édouard Martin, visited Bangui from April 24 through May 3, 2019 to conduct discussions for the sixth and final review of the Central African Republic’s economic reform program supported by an...