Budget deficits: how the situation in EU countries has evolved over the years
The need to limit budget deficits has been hotly debated ever since the start of the economic crisis. While many EU countries have made progress, others still have some way to go. Spain and Portugal's persistently high deficits are discussed by the...
Bangladesh Can Overcome Extreme Poverty through More Inclusive Growth
Bangladesh has done an impressive job in reducing poverty over the last decades and has the potential to end extreme poverty by 2030 if it takes firm steps to make growth more inclusive to benefit all Bangladeshis.
Sustained growth enhances prospects for more broad-based growth in the Philippines – World Bank
The Philippines remains one of fastest growing economies in East Asia and the Pacific despite the weak global economy. The country’s gross domestic product is forecast to grow 6.4 percent this year and 6.2 percent in the next two years.
Euro area unemployment at 10.1%, EU28 at 8.6%
The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in August 2016, stable compared to July 2016 and down from 10.7% in August 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate...
UK plans to make itsekf one of the most digitally-skilled nations
The proposals, to be included in an amendment to the Digital Economy Bill, will mean publicly-funded basic digital skills training being offered free of charge to adults in England who need it. This is part of the Government’s ambition for the UK to...
IMF Staff Holds Review Mission to Malawi
A team from the International Monetary Fund (IMF), led by Oral Williams, visited Lilongwe September 14–28, 2016 to conduct discussions on the ninth review under the Extended Credit Facility (ECF) arrangement.
Africa’s Economic Growth Continues to Falter, Yet Some Countries Show Signs of Resilience
After slowing to 3 percent in 2015, economic growth in Sub-Saharan Africa is expected to fall further to 1.6 percent in 2016, the lowest level in over two decades. The sharp decline in aggregate growth reflects challenging economic conditions in the...
IMF Staff Team Completes Mission to Côte d’Ivoire
An International Monetary Fund (IMF) team led by Dan Ghura visited Abidjan from September 21 to 27, 2016 to continue discussions on a new three-year economic program that could be supported by the IMF through arrangements under the Extended Credit...
World Bank Commits $500 million in Support of Government Program to Create Jobs and Improve Service Delivery in Upper Egypt
A new $500 million World Bank loan will help create jobs in Upper Egypt by enhancing the business climate and improving infrastructure and the delivery of services. The Upper Egypt Local Development Program, approved by the World Bank Group’s Board of...
IMF Staff Concludes Visit to Mozambique
An IMF staff team headed by Michel Lazare visited Mozambique from September 22-29, 2016 to assess recent economic developments and discuss government policies to restore confidence and underpin economic stability. The mission also initiated...
