Project Signing: Government of India and World Bank Sign Agreements to Increase Access to Affordable Housing for Urban Poor in Tamil Nadu
The Government of India, Government of Tamil Nadu and the World Bank on June 29, 2020 signed an agreement to help low-income groups in the state of Tamil Nadu get access to affordable housing.
EIB supports SMEs in Austria
The European Investment Bank (EIB) is providing a €100 million global loan to Raiffeisenlandesbank Oberösterreich (RLB OÖ). “We want to use these funds to help small and medium-sized enterprises (SMEs) invest, focusing particularly on climate action...
New Eurosystem repo facility to provide euro liquidity to non-euro area central banks
In response to the coronavirus (COVID-19) crisis, the Governing Council of the European Central Bank (ECB) decided to set up a new backstop facility, called the Eurosystem repo facility for central banks (EUREP), to provide precautionary euro repo...
Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Ordinance 2020 gazetted
Hong Kong government published in the Gazette on June 19,2020 the Inland Revenue (Amendment) (Ship Leasing Tax Concessions) Ordinance 2020 to implement the 2019 Policy Address initiative of providing tax concessions to qualifying ship lessors and...
IMF Staff Completes Review Mission to Senegal
A staff team from the International Monetary Fund (IMF), led by Ms. Corinne Deléchat, conducted a virtual mission from June 2-12, 2020 and engaged in discussions as part of the first review of the IMF’s Policy Coordination Instrument (PCI) approved in...
Latin America and the Caribbean countries need to spend more and better on health to be better able to face a major health emergency like COVID-19 effectively
Health spending in Latin America & the Caribbean (LAC) was about USD 1,000 per person in 2017, only ¼ of what was spent in OECD countries (adjusted for purchasing power). At the same time, health systems’ capacity is also considerably lower,...
IMF Executive Board Approves an Additional US$111.06 Million Disbursement to Rwanda to Address the COVID-19 Pandemic
The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $111.06 million (SDR80.1 million) to Rwanda under the Rapid Credit Facility (RCF) on June 11.
Universal child benefits critical in reducing poverty, new ODI and UNICEF report finds
Yana, 12, Lyubov, 10, Arina, 13 and Daniil, 7 months, sit in the living room of their small rented house in Nur-Sultan,...
IMF Executive Board Approves US$594 Million in Emergency Assistance to Guatemala to Help Address the COVID-19 Pandemic
The Executive Board of the International Monetary Fund (IMF) approved Guatemala’s request for emergency financial assistance under the Rapid Financing Instrument (RFI) equivalent to SDR 428.6 million (100 percent of quota, or about US$ 594 million at...
US$25 million to help Yemen Fight Locusts, Preserve Food Security, and Protect Livelihoods
The World Bank, on June 17, announced US$25 million in new funding from the International Development Association (IDA), the World Bank’s arm for the poorest countries, to help Yemen control the ongoing locust outbreak affecting the country and...
