IMF Executive Board Concludes Annual Discussions on CEMAC Countries’ Common Policies
On July 13, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on Common Policies and Challenges of Member Countries with the Central African Economic and Monetary Community (CEMAC).
World Bank Raises 2016 Oil Price Forecast
The World Bank is raising its 2016 forecast for crude oil prices to $43 per barrel from $41 per barrel due to supply outages and robust demand in the second quarter.
International community continues movement towards greater tax transparency
The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) on 26 July published 10 new peer review reports demonstrating continuing progress toward implementation of the international standard for exchange of...
IMF Staff Concludes 2016 Article IV Mission to Vanuatu
An International Monetary Fund (IMF) mission led by Mr. Chris Papageorgiou visited Port Vila during July 13-26, 2016 to hold discussions on the 2016 Article IV consultation. The mission met with the Vanuatu authorities, representatives from the...
IMF Executive Board Concludes the 2016 Article IV Consultation with Guinea
On July 22, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation with Guinea.
Guinea’s economic performance over the past four years fell significantly short of the authorities’ ambitious...
World Bank Group Suspends Financing to the Inga-3 Basse Chute Technical Assistance Project
The World Bank Group has suspended disbursements of funding to the Inga-3 Basse Chute (BC) & Mid-Size Hydropower Development Technical Assistance (TA) Project in the Democratic Republic of Congo (DRC). This follows the Government of DRC’s decision...
IMF Executive Board Concludes 2016 Article IV Consultation with Chad
On July 22, 2016, the Executive Board of the (IMF) concluded the Article IV Consultation with Chad.
Macroeconomic outcomes continue to underperform potential, due to the major impact of two exogenous shocks: the lower oil prices and the...
World Bank Helps Bangladesh Expand Electronic Public Procurement System
Bangladesh signed a $10 million additional financing agreement with the World Bank to expand and improve the government’s procurement system to ensure the effective use of public money and increase transparency, on July 25.
IMF Staff Concludes Visit to West Bank and Gaza
An International Monetary Fund (IMF) mission led by Karen Ongley visited East Jerusalem and Ramallah from July 13–25, 2016, to assess recent economic developments in the West Bank and Gaza and the financial situation of the Palestinian Authority (PA...
World Bank Supports Development of Poland’s “Lagging Regions”
The World Bank is beginning work on a new project, aimed at supporting the poorer regions of Poland by better utilizing European Union funds made available to the country through the European Union Financial Framework 2014-2020. Representatives from...
