IMF Team Reaches Staff-Level Agreement on Second Review of Stand-By Arrangement with Iraq
The Iraqi authorities and an International Monetary Fund (IMF) team reached a staff-level agreement on the second review of the Stand-By Arrangement (SBA) that was approved by the IMF Executive Board on July 7, 2016. The SBA aims to restore fiscal and...
Bangladesh Needs a Proactive Strategy to Address Increasing Jobs Challenges: World Bank-ILO Workshop
Despite Bangladesh’s robust economic growth, the pace of job creation has slowed in the recent years, says a new World Bank analysis discussed at a high-level workshop, on June 5th. The country needs to proactively address the challenge, starting with...
Public and Private Sector Leaders Join Forces to Unlock Private Investment in Sierra Leone
Public and private sector leaders from across Sierra Leone and beyond met on May 29 in Freetown to discuss ideas, initiatives and partnerships that can spur private investment to unlock the potential of Sierra Leone’s economy.
China Launches New Poverty Reduction Case Database
The Chinese government on May 26th, launched a database of poverty-reduction cases, which aims to share innovative and successful approaches and solutions from China and other developing countries and contribute to the global fight to end poverty.
Lawsuit Contends GM Cheated on Diesel Truck Emissions Tests
Two truck owners have filed a class-action lawsuit against General Motors, alleging the company rigged diesel pickups to cheat government emissions tests.
Colombia: Raise productivity and make growth more inclusive
World Bank Supports Human Capital and Agribusiness in the Eastern Caribbean
The World Bank's Board of Executive Directors approved on May 25th, two important projects totaling US$19 million for the Eastern Caribbean countries of Saint Vincent and the Grenadines, and Grenada.
An Intelligent Transport System to Move 300,000 Passengers per Day
Reducing by half the average rush hour in-vehicle travel time by public transport from Guediawaye Prefecture to Petersen Bus Station in Dakar Plateau (18.3 kms) will be one the most important outcomes of the EURO 280.9 million ($300 million equivalent...
IMF Executive Board Approves Financial Arrangement for Mongolia
The Executive Board of the International Monetary Fund (IMF) on May 24th, approved a three-year extended arrangement under Extended Fund Facility (EFF) for Mongolia in a total amount of SDR 314.5054 million (about US$434.3 million, or 435 percent of...
Malaysia to Use Open Data to Improve Public Service Delivery and Promote Innovation
