Finance & Economics

IMF Executive Board Concludes 2016 Article IV Consultation with Italy

On July 6, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Italy.

The Italian economy is recovering gradually from a deep and protracted recession. Buoyed by exceptionally...

World Bank Group Support Tops $61 billion in Fiscal Year 2016

As developing countries face continuing economic headwinds, World Bank Group commitments grew to more than $61 billion in loans, grants, equity investments and guarantees supporting countries and private businesses in fiscal year 2016 (July 1, 2015...

OECD unemployment rate continues to trend down in May 2016 to 6.3%

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Organization for Economic Co-operation and Development

Indonesia: Improving Infrastructure for Millions of Urban Poor

The World Bank’s Board of Executive Directors on 12 July approved $216.5 million in financing to support a new government project that will improve infrastructure in Indonesia’s slum areas and benefit more than 9.7 million urban poor across the...

Kenya: Fiscal Transparency Evaluation

The International Monetary Fund (IMF) has published a Fiscal Transparency Evaluation (FTE) report for Kenya, on 12 July. The evaluation was carried out at the request of the government of Kenya by a team from the Fund’s Fiscal Affairs Department in...

MEPs and Euro group ministers debate path to a Euro zone budget

Members of Parliament’s Budgets and Economic and Monetary Affairs committees debated the need for a euro area budget with finance ministers Jeroen Dijsselbloem (Netherlands, also Euro Group President), Michel Sapin (France), Pier Carlo Padoan (Italy...

IMF Executive Board Concludes 2016 Article IV Consultation with Italy

On July 6, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Italy.
The Italian economy is recovering gradually from a deep and protracted recession. Buoyed by exceptionally...

World Bank Group, African Development Bank, and Guinea Launch One-Stop Shop to Boost Mining Sector

The World Bank Group and the Government of Guinea on 11 July announced the launch of a One Stop Shop facility for business procedures that will simplify and speed up the processing of licenses, permits and other approvals for mining and infrastructure...

Government Spending Review for the Federated States of Micronesia

Long term growth and stability as well as improved health and education services are the focus of a new report, released on 11 July, analyzing Government spending for the Federated States of Micronesia (FSM). Prepared at the request of the government...

IMF Executive Board Concludes 2016 Article IV Consultation for Sierra Leone

On July 1, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation with Sierra Leone.
After a dozen years of strong growth, benefiting from both improved polices and booming commodity prices...