Ground-breaking multilateral BEPS convention signed at OECD will close loopholes in thousands of tax treaties worldwide
Ministers and high-level officials from 76 countries and jurisdictions have signed today or formally expressed their intention to sign an innovative multilateral convention that will swiftly implement a series of tax treaty measures to update the...
World Bank Supports Road Connectivity in Northern Ghana
The World Bank on June 6th, approved a $150 million International Development Association* credit for Transport Sector Improvement Project (TSIP) in Ghana. It will help improve regional connectivity in the Northern Region involving rehabilitation of...
IMF Executive Board Reviews Social Safeguards in Low-income Countries
On May 26, 2017, the Executive Board of the International Monetary Fund (IMF) discussed a staff paper titled “ Social Safeguards and Program Design in PRGT and PSI-supported Programs . ” The paper considers how poor and vulnerable groups can be...
IDA Aims to Boost Togo’s Economy, Support a Vibrant Private Sector
World Bank Group Vice President of Development Finance, Axel van Trotsenburg, met with government officials in Lome on June 6th, to discuss opportunities for the country to access significantly higher levels of financing from the International...
OECD annual inflation nudges up to 2.4% in April 2017
Tackle child well-being, tax systems and urban-rural divides to fight inequality and foster inclusive growth
Against a backdrop of growing inequalities, a new report to the 35 Ministers of OECD countries recommends key policy steps for breaking the vicious circle of increasing inequalities and low growth prospects. The update of the OECD’s Inclusive Growth...
IMF Executive Board Completes Review of Colombia's Performance under the Flexible Credit Line Arrangement
On June 5, 2017, the Executive Board of the International Monetary Fund (IMF) completed its review of Colombia’s qualification for the arrangement under the Flexible Credit Line (FCL) and reaffirmed Colombia’s continued qualification to access FCL...
IMF Executive Board Approves US$224.2 Million Under the ECF Arrangement for Sierra Leone
On June 5, 2017, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) [1] for Sierra Leone for SDR 161.778 million (about US$224.2 million, or 78 percent of Sierra...
Government of India and World Bank Sign New Agreement to Bring Public Services Closer to People in Assam
World Bank Report Shows How to Boost Private Sector Investment in Africa’s Transmission Sector
A new World Bank report released on June 6th, called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals.
