Finance & Economics

South Asia: Worst Economic Plunge, Informal Workers Hit Hardest

South Asia is set to plunge into its worst-ever recession as the devastating impacts of COVID-19 on the region’s economies linger on, taking a disproportionate toll on informal workers and pushing millions of South Asians into extreme poverty, says...

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World Bank Confirms Economic Downturn in Sub-Saharan Africa, Outlines Key Polices Needed for Recovery

Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to the latest regional economic analysis...

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Sweden: EU further supports innovative battery technology through Nilar

* EIB provides EUR 47m loan to Swedish battery tech company Nilar International AB with backing from the EU’s InnovFin “Energy Demo Projects” guarantee programme.
* Financing will support Nilar in scaling up production of its unique and safe...

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IMF Executive Board Approves an Additional US$101.96 Million Disbursement under the Rapid Credit Facility for Malawi to Address the COVID-19 Pandemic

The Executive Board of the International Monetary Fund (IMF) approved on October 2nd, a disbursement of SDR 72.31 million (US$101.96 million or 52.1 percent of quota) to Malawi under the Rapid Credit Facility (RCF).

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IMF Executive Board Approves 27-month US$6.5 billion Extended Fund Facility for Ecuador

The Executive Board of the International Monetary Fund (IMF) approved on September 30, a 27-month extended arrangement under the Extended Fund Facility (EFF) for Ecuador, with access equivalent to SDR 4.615 billion (661 percent of quota, equivalent of...

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Improved capital markets can help Portugal build a dynamic business sector and support its COVID-19 recovery

Despite the strong economic performance and sustained reform momentum over the past few years, Portugal entered the COVID-19 crisis with undersized capital markets. These markets must now be mobilised to support a resilient, dynamic and sustainable...

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More efforts needed from governments, regulators and business to unlock full potential of sustainable finance

Governments and regulators should urgently work together to improve the data used for environmental, social and governance (ESG) investing, according to a new OECD report.

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Protect the world from sliding into global recession, urges UN chief

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The World Food Progamme is running preventive nutrition and treatment programmes in refugee...

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Tax Inspectors Without Borders: supporting developing countries to increase tax revenues despite COVID-19 challenges
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Customs Union: New Action Plan to further support EU customs in their vital role of protecting EU revenues, prosperity and security

The European Commission has on 28 Sept. 2020 launched a new Customs Union Action Plan setting out a series of measures to make EU customs smarter, more innovative and more efficient over the next four years. The announced measures will strengthen the...

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