Trump Expected to Nominate Powell for Fed Chair
U.S. President is expected to nominate Federal Reserve Governor Jerome Powell as the next chairman of the central bank, senior administration officials said Monday.
Bangladesh City Planning Must Be More Sustainable For Livability
City planning in Bangladesh needs to be done in a more sustainable way so that rapidly urbanizing parts of the country have the necessary infrastructure and services to make them good places to live, the World Bank said on October 28.
IMF Reaches Staff-Level Agreement on the First and Second Reviews of Mongolia’s Extended Fund Facility
An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar from October 18-30, 2017 to conduct discussions on the first and second reviews of the three-year Extended Fund Facility (EFF) arrangement approved on May 24...
World Bank Clarifies Sri Lanka Media Reports on Yala National Park
The World Bank released a statement clarifying media reports on World Bank’s position on the management of Yala national park, on October 29.
IMF Calls for Action to Strengthen Economic Recovery in Sub-Saharan Africa
Growth in sub-Saharan Africa is expected to pick up to 2.6 percent in 2017 from 1.4 percent in 2016, the IMF said in its latest Regional Economic Outlook for Sub-Saharan Africa report. While growth is expected to accelerate further, to 3.4 percent, in...
EU and Egypt cooperation: towards a stronger partnership
Following the adoption of Partnership Priorities with Egypt in July 2017, the EU adopted the Single Support Framework (SSF) which sets the priorities and the financial allocation in key strategic areas of bilateral cooperation with the country. Across...
World Bank to Help Kyrgyz Republic Improve Efficiency and Quality of its Heat Supply
More than 200,000 people in the Kyrgyz Republic will benefit from the improved efficiency and quality of heating during cold winter months, thanks to the Heat Supply Improvement Project, on October 27, approved by the World Bank’s Board of Executive...
Commodity prices likely to rise further in 2018: World Bank
Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to...
World Bank Group Report: The Geography of Welfare in Benin, Burkina Faso, Côte d’Ivoire, and Togo
A new World Bank Group report titled, The Geography of Welfare in Benin, Burkina Faso, Côte d’Ivoire, and Togo explains the failure of the sub-region’s strong economic growth (above 5 percent, annually) to translate into benefits for the population as...
Parliament sets guidelines for trade talks with Australia and New Zealand
Trade talks with Australia and New Zealand should aim to help the EU economy while protecting farmers and consumers, MEPs say in a resolution voted on Thursday.
