Slight easing of G20 GDP growth in first quarter of 2018
Deeper reforms in Germany will ensure more inclusive and sustainable growth
The German economy is undergoing a robust expansion, with record-low unemployment and real wage gains underpinning domestic demand while strong exports are driving business investment. The strong fiscal position will offer opportunities for funding...
Ethiopia Economic Update: The Untapped Benefits of Services Reforms
Ethiopia’s GDP growth will decelerate to 9.6% in fiscal year 2018 (July 2017 to June 2018), down from 10.9% in fiscal year 2017, according to a new World Bank Group report.
US Won't Lift Ban on Chinese Telecom ZTE Until $1B Fine Paid
The United States will not lift the ban on doing business with Chinese telecommunications giant ZTE until ZTE pays a $1 billion fine for trade violations and places $400 million more in escrow.
EU budget: Commission proposes €1.26 billion to reinforce the European Solidarity Corps
The new programme will allow at least 350,000 young Europeans to support communities in need between 2021 and 2027 through volunteering, traineeships and job placements. The proposal, on June 11, adopted marks the consolidation of the Corps for the...
IMF Executive Board Completes Ninth PSI Review for Rwanda
The Executive Board of the International Monetary Fund (IMF), on June 11, completed the ninth review of Rwanda’s performance under the Policy Support Instrument (PSI).
World Bank Approves Additional Financing for Morocco to Develop a Second Solar Power Complex
The World Bank, on June 11, announced US$125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of developing the country’s world-class solar and wind energy resources to reduce the...
IMF Staff Completes 2018 Article IV Visit to Botswana
A team from the International Monetary Fund (IMF) visited Gaborone during May 22-June 6, 2018 to hold discussions for the 2018 Article IV Consultation with Botswana. The discussions covered recent developments and prospects and focused on policies to...
IMF Executive Board Concludes 2018 Article IV Consultation with Guatemala
On May 25, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Guatemala.
Underpinned by a solid macroeconomic framework, the economy has endured significant political tensions since...
Support for Entrepreneurs in Djibouti to Benefit 6,000 Women and Youth
The World Bank, on June 8, announced new support for 6,000 potential youth and women entrepreneurs, as part of Djibouti’s efforts to promote entrepreneurship as an engine of growth and job creation. With a US$15 million credit from IDA, the World Bank...
