Finance & Economics

Unemployment Rates, OECD - Updated: April 2021

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The measures put in place by national governments to reduce the spread of the Coronavirus (Covid-19) may have impacted on the ability to...

Pakistan’s Economy Shows Signs of a Nascent Recovery

Notwithstanding, the recent rise in COVID cases, Pakistan has been showing signs of a fragile economic recovery with a gradual resumption of economic dynamism, according to a new World Bank report.

IMF Executive Board Approves US$270.83 Million Disbursement to Namibia to address the COVID-19 Pandemic

The Executive Board of the International Monetary Fund (IMF) approved an outright purchase of SDR 191.1 million (about US$270.83 million) to Namibia under the Rapid Financing Instrument (RFI), on March 31. This will help the country address urgent...

Improving Transport Connectivity in Central Asia Requires a Coherent Approach

The combination of infrastructure and logistics improvements, reduction in border delays and tariffs, and harmonized standards across countries could have a significant positive impact on Central Asian economies, said experts during an online regional...

Share on Twitter Share via Email Print this page Africa Suez Canal Backup Could Clear in About 4 Days

Officials said Tuesday the backlog of ships trying to pass through the Suez Canal could take about four days to work through, following nearly a week in which the vital waterway was blocked by a massive container ship.

Recovery Offers Chance to Build Back Better in Latin America and the Caribbean

Latin America and the Caribbean (LAC) suffered more health and economic damage from the COVID 19 pandemic than any other region, although there is potential for significant transformation in key sectors as the region begins to rebound, according to a...

New World Bank Financing Supports Ethiopia’s Goal of Universal Electricity Access by 2025

The World Bank on March 29, approved a $500 million International Development Association (IDA) credit to support Ethiopia’s goal of achieving universal electricity access by 2025.

Austria: EIB Group cooperates with Raiffeisen-Leasing Group to support SMEs and Mid-Caps in response to the Covid-19 pandemic

*EIB Group to provide EUR 200m of funding to Raiffeisen- Leasing Group through a EUR 538m securitisation transaction
*EIB group’s investment expects to mobilise total fresh investment of up to EUR 560m by Raiffeisen-Leasing
*...

Sudan Clears Arrears, Gains Access to $2 Billion in New World Bank Financing

The Republic of Sudan has cleared its arrears to the International Development Association (IDA), enabling its full re-engagement with the World Bank Group after nearly three decades, and paving the way for the country to access nearly $2 billion in...

World Bank Helps Bangladesh Create Inclusive and Quality Jobs and Recover from the COVID-19 Pandemic

The World Bank’s Board of Executive Directors on March 26 approved a $250 million credit from the International Development Association (IDA) to help Bangladesh create more, better, and inclusive jobs and protect more than 5 million jobs as part of...