Budgets MEPs back €1.8 million aid for redundant workers in Belgium
Budgets Committee MEPs approved €1,824,041 in EU aid on Wednesday to support the reintegration in the labour market of 488 workers made redundant by several manufacturers of construction machinery in Wallonia. A further 300 young unemployed people...
Reducing Costs and Improving Maintenance of Sri Lanka’s Roads
The World Bank has approved a $125 million credit to help Sri Lanka establish its first public-private-partnership (PPP) to help better maintain the country’s roads, reduce long-term costs, and improve the performance of the Road Development Authority...
IMF Executive Board Concludes Article IV Consultation with Sri Lanka
On June 3, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Sri Lanka.
The Sri Lankan economy has good underlying momentum but is starting to show signs of strain from a combination...
Sustainable Growth and Job Creation in Uzbekistan Focus of New World Bank Group Strategy
The World Bank’s Board of Executive Directors on 14 June discussed a new Country Partnership Framework for Uzbekistan for 2016-2020. The new strategy is aligned with the country’s own goal of achieving upper middle-income status by 2030 by increasing...
Upgrading EU energy efficiency labelling: Industry MEPs amend draft EU rules
A clear A to G scale for labelling the energy efficiency of household appliances should replace the proliferating pluses in today's top class (A+, A++, A+++) within 5 years, said Industry, Research and Energy Committee MEPs on Tuesday. The proposal...
IMF Staff Team Completes Visit to Angola
An International Monetary Fund (IMF) team led by Ricardo Velloso visited Luanda from June 1–14, 2016, for discussions on an Extended Fund Facility (EFF) supported program.
Joint Declaration on a Framework for European Commission-World Bank Group Collaboration in Situations Affected by Fragility, Conflict and Violence
The European Commission and the World Bank Group, hereby envisage to define a framework for collaboration in situations affected by fragility, conflict and violence (FCV). We believe that in FCV situations, more than anywhere else, stronger and better...
IMF Staff Completes 2016 Article IV Mission to China
A mission from the International Monetary Fund (IMF), led by Mr. James Daniel, Assistant Director of the Asia and Pacific Department, visited Beijing, Shanghai and Inner Mongolia from June 1 to 14 to conduct discussions on the annual Article IV review...
Canada is adjusting to the end of the commodities boom, but new policies are needed to boost productivity and reduce financial stability risks
IMF Executive Board Concludes 2016 Article IV Consultation with Canada
On June 6, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Canada. The consultation was focused on assessing the macro-financial impact of the oil shock and policies to bolster near-term...
