Private Sector is Key Driver for Growth in the Middle East and North Africa
The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa (MENA) if effective policies are put in place to address key challenges across the region, according to a report from three leading...
Euro banknote counterfeiting declines in first half of 2016
Some 331,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2016, 25% fewer than in the second half of 2015, the European Central Bank (ECB) announced on July 22. The number of counterfeits remains very low in...
Unemployment: three in four Europeans want EU to do more to create jobs
With unemployment in the EU remaining above 8%, 77% of Europeans want the EU to do more to tackle the issue, according to the latest Eurobarometer survey. Reacting to the results of the Europe-wide study, Thomas Händel, the head of Parliament’s...
First quarter of 2016 compared with fourth quarter of 2015： Government debt up to 91.7% of GDP in euro area
At the end of the first quarter of 2016, the government debt to GDP ratio in the euro area (EA19) stood at 91.7%, compared with 90.7% at the end of the fourth quarter of 2015. In the EU28, the ratio decreased from 85.3% to 84.8%. Compared with the...
FinTech Bridge established between the UK and the Republic of Korea
IMF Executive Board Approves US$3.47 billion for Morocco Under the Precautionary and Liquidity Line
The Executive Board of the International Monetary Fund (IMF) approved a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for SDR 2.504 billion (about US$3.47 billion, or 280 percent of Morocco’s quota) on July 22. The...
IMF Executive Board Approves Three-Year US$115.8 Million Arrangement Under the ECF for the Central African Republic
On July 20, the Executive Board of the International Monetary Fund (IMF) approved a three-year SDR 83.55 million (about US$115.8 million, 75 percent of quota) arrangement under the Extended Credit Facility (ECF) for the Central African Republic. The...
Chile must implement measures to stem environmental pressures
Chile has taken steps to address the rising environmental pressures from its rapid economic growth, strengthening its environmental institutions and introducing new instruments, including a carbon tax. It now needs to move ahead and thoroughly...
Government of Sri Lanka and World Bank Sign Agreement to Develop Jaffna with Galle, Kandy
The Government of Sri Lanka and the World Bank on 20 July signed a $55 million loan to Sri Lanka to improve urban services, preserve cultural and environment assets, and improve livability in Jaffna, adding the city to an existing project to develop...
Uruguay and IMF to Host High Level Conference on Structural Reforms and Growth
The Government of Uruguay, in partnership with the International Monetary Fund (IMF) will organize a conference entitled “Latin America: Structural Reforms to Boost Economic Growth” on Tuesday, July 26, 2016 in Montevideo, Uruguay.
