Finance & Economics

Zanzibar Sees a Slight Decline in Poverty Except for Pemba

Zanzibar saw a modest reduction of 4.5 percent in its basic needs poverty rate, and a one percent decrease in extreme poverty between 2010 and 2015, with its more urban, Unguja island the main driver behind this, according to the latest World Bank...

EIB supports Argentine SMEs with USD 71m loan

The European Investment Bank (EIB) will provide USD 71m to the Argentine Republic to finance investment in Argentine small and medium-sized enterprises (SMEs).

World Bank Supports Roads, Energy Efficiency and Sustainability in Serbia

Serbia is interested in improving its infrastructure efficiency and sustainability, particularly in the transport and energy sectors, to contribute to the long-term competitiveness of the Serbian economy, and create growth and jobs.

IMF Staff Completes Review Visit to Gabon

An International Monetary Fund (IMF) staff team led by Alex Segura-Ubiergo visited Libreville from October 18 to November 1 for the first review of Gabon’s extended arrangement under the Extended Fund Facility (EFF).

Integrated Management of Risks Key to the Success of Sri Lanka's New Growth Model

To sustain growth, job creation and poverty reduction, Sri Lanka needs to move to a more private investment, tradable sector-led growth model, says the latest Sri Lanka Development Update, the World Bank’s half-yearly flagship report on the country's...

Thailand Moves Up in Global Doing Business Ranks

The World Bank Group’s latest Doing Business report ranks Thailand in 26th place among 190 economies in the ease of doing business for small and medium enterprises around the world, up from 48th place when applying the same methodology to last year’s...

Employment: Report confirms effectiveness of EU Globalisation Fund

The report reaffirms the role of the Fund as a flagship demonstration of European solidarity within the limits of its set-up and budgetary availabilities, having helped close to 19,500 workers to adjust to changing trade patterns and consequences of...

IMF Staff Team Completes Review Mission to Togo

An International Monetary Fund (IMF) team led by Ivohasina Razafimahefa visited Lomé during October 23-30, 2017 to conduct discussions on the first review of the program supported by an Extended Credit Facility (ECF) which was approved in May this...

Economies in Central Asia Continue Reform Agenda

Economies in Central Asia continued improving their business climate, to create jobs and spur growth, according to the 15th anniversary edition of the World Bank Group’s annual Doing Business 2018: Reforming to Create Jobs report, released on October...

Partnership and Cooperation Agreement between the European Union and Mongolia enters into force

The Agreement, which was signed on 30 April 2013, replaces the 1993 Agreement on trade and economic cooperation between the European Economic Community and Mongolia.