Improved Outlook for Bank Lending in Emerging Europe as Funding Conditions Stabilize and Stocks of Bad Loans Fall, New Vienna Initiative Reports Show
The external positions of BIS reporting banks in Central, Eastern and South Eastern Europe (CESEE) have broadly stabilized, and post-crisis deleveraging seems to have been largely completed, while banks’ strategies in the region have become more...
World Bank Group Supports Public Private Dialogue to Spur Economic Recovery in Somalia
On the sidelines of the UK-hosted Conference on Somalia, the Somali government and high level business actors endorsed a Public-Private Cooperation Agreement to Accelerate Somalia’s Economic Recovery. The event was supported by the World Bank Group...
World Bank Group President to Attend the Belt and Road Forum for International Cooperation
World Bank Group President Jim Yong Kim will attend the Belt and Road Forum for International Cooperation on May 14 and 15 in Beijing.
Composite leading indicators point to stable growth momentum in the OECD area going forward
IMF Executive Board Concludes 2017 Article IV Consultation with Luxembourg
On May 5, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Luxembourg.
Benefiting from its major role in intermediating international capital flows, Luxembourg has enjoyed strong...
New technology still underused by businesses
Businesses need to step up the adoption of cutting-edge technologies, materials and processes if countries are to reap their full potential in terms of productivity gains, according to a new OECD report.
Development and implementation are...
IMF Executive Board Concludes 2017 Article IV Consultation with the Republic of Kazakhstan
On April 28, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with the Republic of Kazakhstan.
IMF Calls for Strong and Sound Policy Measures to Restart Sub-Saharan Africa’s Growth Engine
The International Monetary Fund (IMF) on May 9th, urged sub-Saharan African countries to implement strong and urgent policy action to boost growth in the region. According to its latest Regional Economic Outlook, Restarting the Growth Engine, growth...
IMF and Japan Amend Agreement to Increase Lending to Low-Income Countries by an Additional SDR 1.8 Billion
The International Monetary Fund (IMF), as Trustee of the Poverty Reduction and Growth Trust (PRGT), has entered into an amendment of its 2010 note purchase agreement with the Government of Japan, through which Japan will provide an additional amount...
Poverty in Afghanistan Rose Amidst Troop Withdrawal, Report Says
Poverty and unemployment in Afghanistan rose in the three years following the start of international troops withdrawing in 2011 due to a sharp fall in growth and rise in insecurity, a joint report by the Government of the Islamic Republic of...
