£100 million Rutherford Fund to attract best researchers to the UK
Universities and Science Minister Jo Johnson Tuesday (4 July 2017) confirmed the government is investing £100 million to attract highly skilled researchers to the UK through its new Ernest Rutherford Fund.
Billion pound connectivity boost to make buffering a thing of the past
New Financing to Improve Efficiency and Improve Capacity at Port of Dar es Salaam
The capacity of the Port of Dar es Salaam will be increased to 25 million tons over the next seven years following the World Bank Board of Executive Directors’ approval of a $345 million credit and a $12 million grant to the new Dar es Salaam Maritime...
Ukraine to Increase Transparency, Efficiency in Public Resource Management, with European Union and World Bank Support
Ukraine aims to improve management of its public resources, reduce corruption, and boost governance reform through the Strengthening Public Resource Management Project, which is jointly supported by the European Union and the World Bank. A EUR 3.03...
IMF Executive Board Approves New US$ 312.1 Million Arrangement Under the Extended Credit Facility (ECF) for Chad and Cancels the Current Arrangement
On June 30, 2017, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) for Chad for SDR 224.32 million (about US$ 312.1 million, or 160 percent of Chad’s quota) to...
Support for young farmers must be better targeted, say EU Auditors
The audit focused on the four EU Member States with the most spending on young farmers (i.e. those under 40 years of age): France, Spain, Poland and Italy. The auditors found significant differences between the management of “Pillar 1” payments, which...
IMF Executive Board Reviews Noncomplying Disbursements for Chad
The Executive Board regretted that when the combined third and fourth reviews were completed on November 11, 2016, the authorities did not accurately disclose to the IMF the accumulation of external debt payment arrears of about $46 million. This led...
World Bank Announces End of Fiscal Year Investigative Outcomes
This quarter, the World Bank debarred 16 companies in sanctions cases, and entered into 8 Negotiated Resolution Agreements.
During this quarter, the World Bank debarred Sunlabob Renewable Energy Co., Ltd. for 6 months as part of a...
South Korea: Seek Help for North Korean Refugees in China
South Korean President Moon Jae-In should raise the perilous situation of more than 38 North Korean refugees detained in China in his meetings with US President Donald Trump in Washington, DC, on June 29 and 30, 2017, Human Rights Watch said on Jun 29...
Private Sector Infrastructure Investment Commitments in Developing Countries Fell in 2016
Investment commitments in infrastructure projects with private participation in developing countries declined sharply in 2016, falling by 37 percent compared to 2015, says a new World Bank Group report.
