World Bank Board Approves New Environmental and Social Framework
The World Bank’s Board of Executive Directors on 4 August approved a new Environmental and Social Framework (ESF) that expands protections for people and the environment in Bank-financed investment projects. The safeguards review included the most...
OECD annual inflation slightly up to 0.9% in June 2016
California Man Pleads Guilty to Cashing Fraudulent and Stolen Checks
A San Pablo, California, resident pleaded guilty to his role in a conspiracy to commit theft of government property, announced Principal Deputy Assistant Attorney General Caroline D. Ciraolo, head of the Justice Department’s Tax Division, U.S....
IMF Executive Board Concludes 2016 Article IV Consultation with Japan
On July 29, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Japan.
Economic growth has slowed due to weak private consumption and sluggish investment, and inflation has lost its...
Supporting Sri Lanka's Economic Reforms with $100 Million for Growth and Jobs
The World Bank Board approved a $100 million credit from the International Development Association (IDA) to support the Government of Sri Lanka's economic reform program, on 30 July.
IMF Executive Board Concludes 2016 Article IV Consultation with Singapore
July 25, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Singapore.
Singapore’s economy continues to perform well despite being impacted by a combination of cyclical and structural...
93,000 Households from Pastoralists Counties in Kenya to Benefit from a US$77 World Bank Financing
The Government of Kenya launched Kenya’s component of the US$197m Regional Pastoral Livelihoods Resilience Project (RPLRP), on 30 July. Over 93,000 households whose livelihoods rely mainly on pastoral activities in the 14 participating counties are...
Euro area unemployment at 10.1%
Tax fraud: 75% of Europeans want EU to do more to fight it
The fight for fair taxation in the EU became a priority for the Parliament long before the revelations of LuxLeaks and the Panama papers. Since the start of the economic and financial crisis, MEPs have been pushing for greater transparency and an end...
EIB supports projects promoted by SMEs in agriculture with EUR 20 million loan – the first EIB transaction under EFSI in Romania
The European Investment Bank (EIB) is lending EUR 20 million to Agricover Credit IFN in order to finance smaller projects implemented by SMEs in the agricultural sector. This is the first EIB transaction in Romania benefitting from the support of the...
