Finance & Economics

EU Advocate General opinion on EU-Singapore deal has wide implications for EU trade agenda

In a landmark case that could affect the future of EU trade agreements, the Advocate General of the European Court of Justice has said that national parliaments should have the right to vote on a trade agreement between the EU and Singapore.

Working with Bhutan to Improve Fiscal Sustainability, Access to Finance and Investment Climate

The Board of Executive Directors of the World Bank approved the Second Fiscal Sustainability and Investment Climate Development Policy Credit (DPC2) of US$24 million for Bhutan on December 21, 2016.

IMF Executive Board Concludes 2016 Article IV Consultation with Bolivia

On December 9, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bolivia.

Sweden, World Bank Support Better Solid Waste Management in Bosnia and Herzegovina

The World Bank has received a contribution of US$2.0 million from the Swedish International Development Agency (Sida) to provide Technical Assistance (TA) for improved solid waste management practices in Bosnia and Herzegovina.

Nearly 1.2 Million People to Benefit from All-Weather Roads under US$ 235 Million Bihar Rural Roads Project, India

The World Bank on December 21, approved a US$ 235 million credit for the Bihar Rural Roads Project to improve and effectively manage the state's rural road network.

IMF Mission Concludes Visit to El Salvador

At the invitation of the Salvadoran authorities, an International Monetary Fund (IMF) team, led by Mr. Daniel Kanda, visited San Salvador from December 14 to 20, 2016 to assess the political support of the authorities and the parliamentary opposition...

New World Bank Project in China Focuses on Poverty Reduction Through Industrialization

The World Bank’s Board of Executive Directors on December 21, approved a $100 million loan to increase income generating opportunities for poor farmers in China’s Guangxi Zhuang Autonomous Region, through the establishment of cooperatives and...

Mozambique: Report Discusses Poverty Trends and Recommends Way Forward

Between 1997 and 2009 for every percentage point of economic growth in Mozambique, poverty fell by only 0.26 percentage points in the country, roughly half of what is observed in the sub-Saharan Africa region, reveals the latest World Bank publication...

World Bank Approves US$1 Billion Loan to Egypt to Support Job Creation and Inclusive Growth

The World Bank's Board of Executive Directors on December 20, approved US$1 billion in a development policy finance operation for Egypt to support the Government’s economic reforms program across key economic areas. This is the Second Fiscal...

New US$1.485 Billion Package to Support Iraq’s Drive to Counter Cost of War, Low Oil Prices

The World Bank Group has endorsed a new US$1.485 billion package to support reforms to improve public service delivery and transparency, stimulate private sector growth and support job creation. Iraq continues to face a large humanitarian crisis with...