Finance & Economics

IMF Staff Completes 2018 Article IV Mission to Saudi Arabia

An International Monetary Fund (IMF) team led by Tim Callen held discussions from May 2–14 for the 2018 Article IV Consultation with Saudi Arabia.

Turkish Gas Storage Facility Continues to Expand Through a New World Bank Loan

The World Bank’s Board of Executive Directors, on May 22, approved a US$600 million loan for the Gas Storage Expansion Project in Turkey. The project’s aim is to increase the reliability and security of gas supply in Turkey by expanding the...

Public Opinion survey finds record support for EU, despite Brexit backdrop

The latest Parliament Eurobarometer survey, published one year ahead of the European elections in May 2019, confirms citizens’ steadily growing support for the European Union.

IMF Reaches Staff-Level Agreement with Bosnia and Herzegovina on the Second Review under the Extended Fund Facility Supported Program

An International Monetary Fund (IMF) mission, led by Nadeem Ilahi, visited Sarajevo and Banja Luka during May 7-21, 2018, to discuss recent economic developments and policies for the second review of the Bosnia and Herzegovina economic program,...

Trump Claims New Accord with China on Trade Negotiations

President Donald Trump says a breakthrough has been achieved with China on trade issues.

The president tweeted early Monday that China "has agreed to buy massive amounts of ADDITIONAL Farm/Agricultural Products -- would be one of the best...

Strong labour relations key to reducing inequality and meeting challenges of a changing world of work – OECD & ILO

Globalisation and rapid technological innovation have spurred unprecedented economic growth but not everyone has benefited. Unions and employers, together with governments, can play a major role in making growth more inclusive and helping workers and...

IMF Staff ends Mission to Cameroon on the 2018 Article IV and the 2nd Review under the Extended Credit Facility (ECF) for Cameroon

An International Monetary Fund (IMF) team, led by Ms. Corinne Deléchat, visited Yaoundé from April 27 to May 14, 2018 to conduct discussions on the IMF’s Article IV consultation and the second review of the program supported by the Extended Credit...

Critical Road Improvements Will Broaden Access to Markets, Jobs, and Services in Lao PDR

More than 500,000 people living adjacent to sections of National Road 13 will benefit from the improvements planned in the National Road 13 Improvement and Maintenance Project, approved by the World Bank’s Board of Executive Directors, on May 18.

IMF Staff Concludes Visit to Serbia

“Following the successful completion of the 2015-18 program, the Serbian economy continues to expand at a healthy pace. Growth is expected to reach at least 3.5 percent in 2018, driven by consumption, investment and exports. Supported by appropriate...

IMF Reaches Staff-Level Agreement on the Fourth Review of Mongolia’s Extended Fund Facility

An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar from May 2-17, 2018 to conduct discussions on the fourth review of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017, in an...