Finance & Economics

Helping youth enterprise take off, will bring sustainable returns, say UN economists

Young entrepreneurs who want their work to have a positive impact on their communities, urgently need more help from governments if they’re to succeed and resist the COVID-19-fuelled economic downturn, UN economists said on Thursday.

Hard times forecast for global job recovery in 2020, warns UN labour agency chief

Vendors in a bakery in Constantine, Algeria, during the COVID-19 crisis.

Kosovo has undertaken critical steps in cybersecurity, says new Cybersecurity Capacity Maturity Model assessment

Kosovo has improved on many areas of cybersecurity capacity and has gained a comprehensive understanding of existing gaps and opportunities for capacity building in recent years, a new report assessing Kosovo’s cybersecurity says. The report uses the...

Project Signing: Government of India and World Bank Sign Agreements to Increase Access to Affordable Housing for Urban Poor in Tamil Nadu

The Government of India, Government of Tamil Nadu and the World Bank on June 29, 2020 signed an agreement to help low-income groups in the state of Tamil Nadu get access to affordable housing.

EIB supports SMEs in Austria

The European Investment Bank (EIB) is providing a €100 million global loan to Raiffeisenlandesbank Oberösterreich (RLB OÖ). “We want to use these funds to help small and medium-sized enterprises (SMEs) invest, focusing particularly on climate action...

New Eurosystem repo facility to provide euro liquidity to non-euro area central banks

In response to the coronavirus (COVID-19) crisis, the Governing Council of the European Central Bank (ECB) decided to set up a new backstop facility, called the Eurosystem repo facility for central banks (EUREP), to provide precautionary euro repo...

Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Ordinance 2020 gazetted

Hong Kong government published in the Gazette on June 19,2020 the Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Ordinance 2020 to implement the 2019 Policy Address initiative of providing tax concessions to qualifying ship lessors and...

IMF Staff Completes Review Mission to Senegal

A staff team from the International Monetary Fund (IMF), led by Ms. Corinne Deléchat, conducted a virtual mission from June 2-12, 2020 and engaged in discussions as part of the first review of the IMF’s Policy Coordination Instrument (PCI) approved in...

Latin America and the Caribbean countries need to spend more and better on health to be better able to face a major health emergency like COVID-19 effectively

Health spending in Latin America & the Caribbean (LAC) was about USD 1,000 per person in 2017, only ¼ of what was spent in OECD countries (adjusted for purchasing power). At the same time, health systems’ capacity is also considerably lower,...

IMF Executive Board Approves an Additional US$111.06 Million Disbursement to Rwanda to Address the COVID-19 Pandemic

The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $111.06 million (SDR80.1 million) to Rwanda under the Rapid Credit Facility (RCF) on June 11.