EIB approves EUR 7 billion of new loans and launches discussion on extending Investment Plan for Europe
Meeting in the Maltese capital of Valetta, the Board of Directors of the European Investment Bank approved more than EUR 7.3 billion of new loans for investment in strategic infrastructure, the environmental and knowledge economy as well as private...
Papua New Guinea: Construction begins on K89 million upgrade of East Cape Road, Milne Bay
The Government of Papua New Guinea, the World Bank and the Australian Government have jointly launched a USD$29 million (PGK89 million) project to fund the upgrade of the East Cape Road. Work will include upgrades to 51 kilometers of the road...
Customs Union: Number of counterfeit goods seized by EU authorities continued to rise in 2015
Customs authorities across the EU seized an estimated five million more counterfeit items in 2015 than the previous year, according to new figures released today by the European Commission.
Canada signs new agreements securing access for canola and beef
As one of the world’s largest exporters of agricultural and agri-food products, stable and predictable access to international markets is essential to Canadians.
IMF Executive Board Concludes 2016 Article IV Consultation with Portugal
On September 16, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation and Fourth Post-Program Monitoring with Portugal.
Tax policy reforms driven by focus on boosting growth
While fiscal consolidation was the key driver of tax reforms in the years following the global economic crisis, the main emphasis of recent tax reforms has shifted back to tax measures aimed at boosting economic growth, according to a new OECD report...
Ukraine: Economy has Stabilized, but Renewed Reform Momentum is Critical to Improve Economic Prospects
The economy has stabilized in 2016, but significant economic recovery and growth have not yet taken hold due to limited reform momentum, weak external demand, and the continuing conflict, according to the World Bank’s latest Ukraine Economic Update....
IMF Executive Board Concludes 2016 Article IV Consultation with the Republic of Belarus
On September 2, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation with the Republic of Belarus.
IMF Staff Completes 2016 Article IV Mission to Namibia
An International Monetary Fund (IMF) staff team led by Mr. Geremia Palomba, IMF Mission Chief for Namibia, visited Windhoek during September 8-21, 2016 to conduct the 2016 Article IV Consultation discussions with Namibia.
OECD warns weak trade and financial distortions damage global growth prospects
Weak trade growth and financial distortions are exacerbating slow global economic growth, according to the OECD’s latest Interim Economic Outlook.
