IMF Mission Visits Suriname for First Review of Stand By Arrangement
An International Monetary Fund (IMF) staff mission, led by Mr. Daniel Leigh, visited Paramaribo from August 8 to 18, to initiate discussions on the first review under Suriname’s Stand-By Arrangement (SBA) with the IMF.
World Bank Supports Improved Broadband and New ICT Industries for Nicaragua
The World Bank (WB) and the Government of Nicaragua signed on 17 August an agreement to implement a project aimed at increasing broadband access and make further progress in the development of Information and Communications Technologies (ICTs),...
IMF Executive Board Concludes 2016 Article IV Consultation with the People’s Republic of China
On July 27, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with China.
China continues its transition to sustainable growth, with progress on many fronts yet also many challenges. Growth...
World Bank Approved as the First SDR Bond Issuer in China
The World Bank (International Bank for Reconstruction and Development, IBRD) announced on 12 August that the People’s Bank of China (PBOC) has approved the World Bank’s inaugural issue in the Chinese domestic market of bonds denominated in Special...
IMF Executive Board Concludes 2016 Article IV Consultation with the Republic of Korea
On July 29, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Korea.
World Bank: Partial Deregulation of Gasoline Prices Aligns with Kuwait’s Vision to Diversify the Economy
Kuwait's partial deregulation of gasoline prices represents a politically and economically bold move on energy subsidy reforms, for a country where, on a per capita basis, subsidies are amongst the highest in the world. Energy subsidies in Kuwait...
June 2016 Euro area unemployment at 10.1% , EU28 at 8.6%
The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in June 2016, stable compared to May 2016 and down from 11.0% in June 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6...
Egypt: IMF Reaches Staff-Level Agreement on a Three-Year US$12 Billion Extended Fund Facility
In response to a request from the Egyptian authorities, an International Monetary Fund (IMF) mission led by Mr. Chris Jarvis visited Cairo from July 30 to August 11, 2016 to discuss support for the authorities’ economic reform program through IMF...
Statement by World Bank Group President Jim Yong Kim on Inspection Panel Report on Uganda Project
The Inspection Panel has delivered to the World Bank Board its investigation report on the Uganda Transport Sector Development Project. The failures in this project have prompted us to assess all similar projects to ensure that we are upholding the...
IMF Staff Completes Twelfth and Final Review Mission to Pakistan
An International Monetary Fund (IMF) staff mission, led by Harald Finger, visited Dubai from July 26 – August 4, 2016 to conduct discussions on the twelfthand final review of Pakistan’s economic program supported by a three-year IMF Extended Fund...
