EBA stress test shows resilience of EU banking sector
The European Banking Federation, as representative body for 32 national banking associations in Europe, takes note of the publication by the European Banking Authority (EBA) of its 2016 European Union-wide stress test.
IMF Executive Board Concludes the 2016 Article IV Consultation and the Fifth Post- Program Monitoring Discussion with Ireland
On July 27, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation and the Fifth Post-Program Monitoring Discussion with Ireland.
The rebound of the Irish economy has been exceptional. According...
Concessional Financing Facility Funds Projects to Support Refugees and Host Communities Impacted by the Syrian Crisis
The Concessional Financing Facility (CFF), an international initiative to address the impacts of the Syrian refugee crisis, announced the first financing to support refugees and host communities in Jordan and Lebanon, on 28 July. Only three months...
IMF Executive Board Approves US$304.7 million Extended Credit Facility Arrangement for Madagascar
On July 27, 2016 the Executive Board of the International Monetary Fund (IMF) approved the equivalent of SDR 220 million (about US$304.7 million, or 180 percent of current quota) under a 40-month Extended Credit Facility (ECF) arrangement for...
IMF Executive Board Concludes 2016 Article IV Consultation with Saudi Arabia
On July 18, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Saudi Arabia.
Real GDP growth is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of...
Whither Oil Prices?
With the oil market entering a new normal of lower prices, the price per barrel is projected to settle in the range of $53 to $60 by 2020, when supply and demand are expected to be in balance.
Climate and disaster resilience must play greater role in Pacific planning and development: World Bank
A new World Bank report has highlighted the need for Pacific Island countries to better incorporate climate and disaster risk management into planning and development, while proposing priority investments and policies to boost resilience to the year...
Boosting Competition in African Markets Can Enhance Growth and Lift at least Half a Million People out of Poverty
Boosting competition in consumer markets and key input sectors can help African countries grow faster and alleviate poverty, according to a report launched by the World Bank Group and the African Competition Forum (ACF), on 27 July.
IMF Executive Board Concludes 2016 Article IV Consultation with St. Kitts and Nevis
On July 8, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with St. Kitts and Nevis, and considered and endorsed the staff appraisal without a meeting.
WB/Paraguay: Improvements in Transportation and Road Safety to Benefit Nearly 400,000 Paraguayans
The World Bank (WB) Board of Executive Directors on 25 July approved a US$100 million loan that will contribute to reducing transportation costs and improving road safety, as well as the planning and management capacity of Paraguay’s road network. The...
