Albania Local Economy and Tourism Development Receives $71 million Boost from World Bank
The World Bank Board of Executive Directors, on November 15, approved US$ 71 million IBRD financing for the Integrated Urban and Tourism Development Project in Albania. The project will help create jobs, increase incomes, and support local economic...
IMF Staff Completes 2016 Article IV Mission to the People’s Republic of China—Macao Special Administrative Region
A team from the International Monetary Fund (IMF), led by Geoff Gottlieb, visited Macao Special Administrative Region (SAR) from November 3 to 14 to conduct discussions on the Article IV review of the Macao SAR economy.
Independent evaluation shows IFAD poverty reduction programme improves rural livelihoods in the Philippines
Development projects supported by the International Fund for Agricultural Development (IFAD) in the Philippines have contributed to improving rural livelihoods and empowering the rural poor, according to the findings of a new evaluation report...
Natural Disasters Force 26 Million People into Poverty and Cost $520bn in Losses Every Year, New World Bank Analysis Finds
The impact of extreme natural disasters is equivalent to a global $520 billion loss in annual consumption, and forces some 26 million people into poverty each year, a new report from the World Bank and the Global Facility for Disaster Reduction and...
IMF Executive Board Removes Remedial Measures Applied to Zimbabwe
The Executive Board of the International Monetary Fund (IMF) approved on November 14, on a lapse of time basis, the removal of the remedial measures applied to Zimbabwe that had been in place because of the member’s overdue financial obligations to...
Better Business Environment and Trade Reforms can Make Bangladesh an Export Powerhouse
Bangladesh can become an export powerhouse at the level of its East Asian neighbors by improving its business competitiveness and trade regime, which will help firms compete globally, says a new World Bank Group report launched jointly with the...
Beneficial company owners register vital to combat money laundering, experts say
The EU needs a European register of beneficial owners of companies, consistent definition - and handling - of suspicious transactions and enforced transnational cooperation like the US Financial Investigation Unit, experts on anti-money laundering...
Post offices in Africa are providing migrants and their families’ access to new financial networks
Post offices in Africa now deliver more money than mail. They are becoming essential to provide poor rural populations with access to affordable financial services, including remittances, which amounted to over US$ 65 billion in 2015.
UNICEF makes venture capital investments in emerging market tech start-ups
Innovators using a specialised computer.
The key role of public banks in making the Paris Agreement a reality: EIB’s Jonathan Taylor at COP22
On 12 November at the Global Finance Action Summit in Marrakech, the European Investment Bank’s Vice-President, Jonathan Taylor with responsibility for energy, environment and climate lending called for a renewed effort from the world’s financial...
