IMF and the Danmarks Nationalbank Amend Borrowing Agreement to Increase Lending Capacity to Low-Income Countries by an Additional SDR 300 Million
The International Monetary Fund (IMF), as Trustee of the Poverty Reduction and Growth Trust (PRGT), has entered into an amendment of its 2010 borrowing agreement with the Danmarks Nationalbank (see Press Release No.10/51), through which Denmark will...
UK boost to small businesses as payment reporting rules unveiled for large firms
UK large companies will be required to publish details on how quickly they pay their suppliers, under draft regulations released on 2 December 2016 by Small Business Minister Margot James.
World Bank Group Commits $1.3 Billion Support for Madagascar
The World Bank Group pledged $1.3 billion over the next three years to support Madagascar’s development through its national development plan. The announcement was made at the Donors and Investors Conference for Madagascar, held in Paris on December 1...
EU budget 2017 approved: better support for youth and growth initiatives
Following Parliament's final vote, President Schulz signed the EU Budget for 2017 into law. It...
IMF Staff Completes 2016 Article IV Consultation and First Review of the Precautionary and Liquidity Line Mission to Morocco
An International Monetary Fund (IMF) staff team led by Nicolas Blancher visited Morocco from November 16 to December 1, 2016, to conduct discussions with the Moroccan authorities on the 2016 Article IV consultation, as well as on the first review...
World Bank Group Approves a $20 Million Grant to CAR within a First State Consolidation Development Program
The Executive Board of the World Bank Group, on December 1, discussed a First State Consolidation Development Program (SCDP) for CAR to support the country’s development agenda for the next five years (2016-2021) and approved a $20 million budget...
Tax Inspectors Without Borders announces new South-South partnership between Kenya and Botswana
Tax officials from Kenya and Botswana have agreed to a landmark tax assistance project that marks the first South-South co-operation pact under the Tax Inspectors Without Borders programme.
World Bank Group Doubles Coalition of Partners Committed to Universal Financial Access
The World Bank Group has added 16 new partners to the coalition of institutions that are committed to help achieve Universal Financial Access (UFA) by the year 2020. These new partners, in addition to the 14 that were announced at the 2015 Spring...
Using aid for structural change in fragile states could help curb rising instability
The world has grown more violent over the last decade, interrupting a long-term trend of increasing peace and disproportionately impacting civilians. This is despite rising financial flows to the most vulnerable places, according to a new OECD report...
New Cable Project to Deliver Faster, More Resilient Internet to northern Fiji
The World Bank’s Board of Executive Directors on November 30 approved US$5.95 million in funding for the Fiji Connectivity Project, which aims to reduce the cost and increase the availability of internet services in the Pacific Island nation.
