US push to make its development aid more effective is paying off
The United States has maintained foreign aid volumes through the aftermath of the global economic crisis and has visibly improved the focus and effectiveness of its development assistance. These trends should be maintained and reforms to the U.S....
IMF Executive Board Completes Sixth Review Under the ECF Arrangement, Approves US$6 Million Disbursement, and Concludes 2016 Article IV Consultation with Burkina Faso
On December 16, 2016, the Executive Board of the International Monetary Fund completed the sixth review of Burkina Faso’s economic performance under a three-year program supported by the IMF’s Extended Credit Facility (ECF) . The decision enables the...
Raising Productivity Growth Essential for Malaysia’s Progress towards High-Income Economy Status, World Bank Says
Malaysia's economy remains resilient to external headwinds, with GDP growth projected around 4.2 percent in 2016 and 4.3 percent in 2017, according to new economic analysis from the World Bank. This outlook reflects a gradual slowdown in the growth...
World Bank: Thailand’s Economy to Grow at 3.2 Percent in 2017
Thailand’s economy is expected to grow at 3.1 percent in 2016 and 3.2 percent in 2017, up from 2.8 percent last year, according to the 2016 Thailand Economic Monitor released by the World Bank, on December 19.
World Bank upgrades growth projections for the Philippines
The World Bank has upgraded its economic outlook for the Philippines for 2016-2018 as part of its quarterly forecast exercise, considering recent trends.
Global Community Makes Record $75 Billion Commitment to End Extreme Poverty
A coalition of more than 60 donor and borrower governments, on December 15, agreed to ratchet up the fight against extreme poverty with a record $75 billion commitment for the International Development Association (IDA), the World Bank’s fund for the...
Increased investment in renewable energy is key to spur sustainable growth in Emerging Asia
Despite a challenging global environment, the growth prospects of Emerging Asia (Southeast Asia, China and India) remain robust over the medium term, according to the latest edition of the OECD Development Centre’s Economic Outlook for Southeast Asia...
Romanians to Benefit from Reforms for Economic Growth and Poverty Reduction
The World Bank’s Board of Executive Directors on December 15, approved EUR500 million (US$558.27 million equivalent) for Romania for the Second Fiscal Effectiveness and Growth Development Policy Loan (DPL). The objective of the new program is to...
Denmark could do more to help vulnerable laid-off workers
Denmark should boost benefit coverage for low-skilled and low-wage workers and improve the support available to blue-collar workers as part of a series of reforms to help laid-off workers get back into work more quickly, according to a new OECD report...
Global Economy Sees Sharp Contraction in Short-term Debt Flows, Foreign Direct Investment Remains Steady: World Bank
For the first time since the financial crisis, principal repayments on external debt held by low- and middle-income countries exceeded lending inflows, according to International Debt Statistics 2017 (IDS 2017) released on December 14.
