Finance & Economics

IMF Concludes Staff Visit to Nicaragua

A staff team from the International Monetary Fund (IMF) led by Gerardo Peraza visited Managua from November 29–December 5, 2016. The visit took place as part of a regular dialogue with the authorities in order to assess the performance of the...

World Bank: Deepening Structural Reforms Crucial to Productivity-Led Growth in Vietnam

Despite a fragile global environment, Vietnam’s economy remains resilient, thanks to robust domestic demand and export-oriented manufacturing, according to the World Bank’s latest Taking Stock report. Vietnam’s medium-term outlook remains favorable,...

IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement

The Executive Board of the International Monetary Fund (IMF) on December 5 completed the first review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the...

Despite progress, transparent and efficient government procurement rules remain a global challenge: WBG report

Public procurement rules and practices remain inefficient in large swathes of the world, despite government efforts towards efficiency in delivering better services to their citizens, says the latest edition of the World Bank Group’s Benchmarking...

IMF Executive Board Completes Sixth Review Under Mali’s ECF and Approves US$25.8 Million Disbursement for Mali

On December 2, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the sixth review of Mali’s performance under an economic program supported by an Extended Credit Facility (ECF) arrangement.

IMF Executive Board Completes First and Second Reviews of Guinea-Bissau’s Arrangement Under the Extended Credit Facility, and Approves US$6.9 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the first and second reviews of Guinea-Bissau's economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. Completion of the reviews...

1 in 4 people in the EU reported long-standing limitations in usual activities in 2015

A quarter (25.3%) of the population aged 16 or over in the European Union (EU) reported long-standing limitations, i.e. some or severe long-standing limitation in usual activities due to health problems in 2015. This means that they feel limited in...

EIB supports high-quality drinking water in province of Noord-Holland

The European Investment Bank (EIB) and PWN, the water utility for the Dutch province of Noord-Holland, have signed a lending agreement of EUR 100 million.

Statement by Commission and ECB staff following the conclusion of the sixth post-programme surveillance mission to Ireland

Staff from the European Commission, in liaison with staff from the European Central Bank, visited Dublin from 29 November to 2 December to conduct the sixth post-programme surveillance (PPS) review for Ireland. This was coordinated with the...

European Commission proposes new tax rules to support e-commerce and online businesses in the EU

The European Commission has on December 1 unveiled a series of measures to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU. Our proposals will allow consumers and companies, in particular start-ups and SMEs, to buy...