Finance & Economics

US$25 million Grant to Build Beirut Businesses Back and Better

A US$25 million grant will support the recovery of targeted micro and small enterprises (MSEs) directly affected by the Port of Beirut blast and sustain the operations of eligible microfinance institutions (MFIs). The Building Beirut Businesses Back...

Tanzania Has an Opportunity to Ignite Inclusive Economic Growth by Transforming Its Tourism Sector

As Tanzania’s tourism sector recovers from the harsh effects of the COVID-19 (coronavirus) pandemic on businesses and employment, the latest World Bank economic analysis says the country also has a unique opportunity to revamp the tourism industry to...

Jobs must be at heart of recovery to avoid deep scars in economy and society, says OECD

The strong economic recovery underway across OECD countries is yet to fully translate into enough new jobs to get employment levels back to pre-pandemic levels in most member economies according to a new OECD report.

Post-COVID-19, building resilience to crises and regaining citizen’s trust should be a priority for governments, says OECD

The COVID-19 crisis has demonstrated governments’ ability to respond to a major global crisis with extraordinary flexibility, innovation and determination. However, emerging evidence suggests that much more could have been done in advance to bolster...

Unemployment Rates, OECD - Updated: April 2021

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The measures put in place by national governments to reduce the spread of the Coronavirus (Covid-19) may have impacted on the ability to...

Pakistan’s Economy Shows Signs of a Nascent Recovery

Notwithstanding, the recent rise in COVID cases, Pakistan has been showing signs of a fragile economic recovery with a gradual resumption of economic dynamism, according to a new World Bank report.

IMF Executive Board Approves US$270.83 Million Disbursement to Namibia to address the COVID-19 Pandemic

The Executive Board of the International Monetary Fund (IMF) approved an outright purchase of SDR 191.1 million (about US$270.83 million) to Namibia under the Rapid Financing Instrument (RFI), on March 31. This will help the country address urgent...

Improving Transport Connectivity in Central Asia Requires a Coherent Approach

The combination of infrastructure and logistics improvements, reduction in border delays and tariffs, and harmonized standards across countries could have a significant positive impact on Central Asian economies, said experts during an online regional...

Share on Twitter Share via Email Print this page Africa Suez Canal Backup Could Clear in About 4 Days

Officials said Tuesday the backlog of ships trying to pass through the Suez Canal could take about four days to work through, following nearly a week in which the vital waterway was blocked by a massive container ship.

Recovery Offers Chance to Build Back Better in Latin America and the Caribbean

Latin America and the Caribbean (LAC) suffered more health and economic damage from the COVID 19 pandemic than any other region, although there is potential for significant transformation in key sectors as the region begins to rebound, according to a...