Finance & Economics

World Bank Issues Sustainable Development Bond to Raise Awareness of Health and Nutrition of Women, Children, and Adolescents

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) is launching an initiative to engage investors on the importance of investing in the health and nutrition of women, children and adolescents to save and improve...

Statement at the Conclusion of an IMF Staff Visit to Barbados

At the request of the newly elected Government of Barbados, an International Monetary Fund (IMF) team led by Bert van Selm visited Bridgetown on June 5-7, to have discussions on economic policies and possible IMF financial support of the government’s...

The World Bank agrees with Argentina on new financing package

The World Bank Group expresses its strong support to Argentina with a new financing package. It will increase its support to the public sector with US$1.75 billion in new commitments over the next twelve months. This financing aims to support...

IMF Reaches Staff-Level Agreement with Argentina on a Three-Year, US$50 Billion Stand-By Arrangement

The Argentine authorities and IMF staff have reached an agreement on a 36-month Stand-By Arrangement (SBA) amounting to US$50 billion (equivalent to about SDR 35.379 billion or about 1,110 percent of Argentina’s quota in the IMF).

EU continues to top global agri-food trade

With an agri-food trade value of €255 billion in 2017, the EU confirms for yet another year its position as largest global exporter and importer of agri-food products.

Maldives to Improve Efficiency of Its Public Finances and Services

The World Bank Board of Directors, on June 7, approved a $12 million financial package to further strengthen Maldives’ public sector financial management systems. Building on the existing Public Financial Management Systems Strengthening Project, the...

Romania: IMF Executive Board Concludes Article IV Consultation

On June 4, 2018 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Romania.

Romania recorded strong economic growth in 2017, with record low unemployment and an improving financial sector....

EU Telecoms deal: Fees on calls across the EU capped by 2019 and 5G network by 2020

EU citizens will have access to a 5G network by 2020 and see the costs of their international calls capped, thanks to a provisional deal reached on Tuesday night.

ESMA 1Q18 Risk Dashboard Sees Complex Products And Volatility As Key Risks

The European Securities and Markets Authority (ESMA) has issued the latest iteration of its Risk Dashboard, on June 6, covering risks in the EU’s securities markets for 1Q2018. ESMA’s overall risk assessment remains unchanged from 4Q17 at high levels...

New Projects To Boost Renewable Energy and Improve Climate Resilience in Marshall Islands

The World Bank and the Government of the Republic of the Marshall Islands this week launched two climate change related projects that will increase investments in renewable energy, promote energy efficiency, and enhance the country’s resilience to the...