Finance & Economics

Maintaining Tanzania’s Lower-Middle Income Status Post-COVID-19 Will Depend on Strengthening Resilience

Following two decades of sustained growth, Tanzania reached an important milestone in July 2020, when it formally graduated to lower-middle-income country status. However, the global COVID-19 pandemic has significantly slowed economic growth,...

World Bank Bond Expands Support to COVID-19 Resilience Through the United Nations Children’s Fund (UNICEF)

The World Bank (International Bank for Reconstruction and Development or IBRD) has issued a US$100 million 5-year bond which both supports IBRD’s ongoing sustainable development and COVID-19 activities and adds a new feature to support similar efforts...

World Bank Signs Project to Support Nutrition-Supportive Agriculture in Tribal-Dominated Areas of Chhattisgarh

The Government of India, the Government of Chhattisgarh and the World Bank, on February 12, signed a $100 million project to develop sustainable production systems that allow tribal households in remote areas of Chhattisgarh to practice round-the-...

World Bank and the European Commission to Support Poland to Transition Out of Coal

The World Bank, in partnership with the European Commission, will assist Poland to ensure a ‘Just Transition’ in the country’s coal regions of Dolnośląskie (Lower Silesia), Śląskie (Silesia) and Wielkopolskie (Greater Poland). The project will focus...

Employment situation, OECD, third quarter 2020

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(1) The chart provides a more comparable view of movements in US employment statistics with movements in...

Better use of energy taxes could strengthen developing country finances while cutting pollution

Developing countries could raise much-needed public revenues, while cutting emissions and air pollution, by making better use of energy taxes and reducing energy subsidies, according to a new OECD report.

German Economy Contracts by 5% in 2020

Germany’s Economy Minister Peter Altmaier said Thursday the nation’s economy shrank by 5% during 2020, less than predicted, and less than elsewhere in Europe, but still the worst contraction since the 2009 financial crisis.

IMF Executive Board Concludes 2020 Article IV Consultation with Morocco

On December 18, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Morocco.

The prompt response of the Moroccan authorities has helped contain the fallout from the pandemic. Nonetheless,...

IMF Executive Board Concludes 2020 Discussions on Common Euro Area Policies with Member Countries

On December 18, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the 2020 discussions on common euro area policies with member countries.

World Bank Signs $500 Million Project to Develop Green, Resilient and Safe Highways in India

The Government of India and the World Bank signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh on December 22. The project will also enhance...