Finance & Economics

IMF Executive Board Completes Sixth Review Under the Extended Credit Facility (ECF) for the Republic of Madagascar and Concludes 2019 Article IV Consultation

On January 29, 2020, the Executive Board of the International Monetary Fund completed the sixth review under the ECF arrangement for Madagascar and the 2019 Article IV consultation. The completion of this review enables the disbursement of SDR 31.43...

Mozambique Maintains Economic Stability After Cyclones Idai and Kenneth, Says New World Bank Economic Analysis

After a year when two severe cyclones contributed to a setback in growth, Mozambique looks ahead having made significant progress in maintaining economic stability and strengthening its external buffers but with a large unfinished agenda in terms of...

Expanding Middle Class Key for Indonesia’s Future

Expanding the middle class can help Indonesia grow faster and share prosperity more broadly across the population, according to a report released by the World Bank entitled Aspiring Indonesia – Expanding the Middle Class, on January 30.

IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of Congo

On January 17, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation the Republic of Congo.

Teenagers’ career expectations narrowing to limited range of jobs, OECD PISA report finds

Huge changes to the world of work over the past two decades have made little impact on teenagers’ career expectations, which have become more concentrated in fewer occupations, according to a new OECD report.

World Bank Issues Its First 'Green Loan' to Vietnam

A division of the World Bank has just made its first so-called "green loan" to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy....

Globally Bangladesh is a Model for Poverty Reduction: World Bank

The World Bank reiterated its commitment to help Bangladesh sustain high economic growth, as the World Bank Vice President for South Asia, Hartwig Schafer concluded a three-day visit to the country.

Teenagers’ career expectations narrowing to limited range of jobs, OECD PISA report finds

Huge changes to the world of work over the past two decades have made little impact on teenagers’ career expectations, which have become more concentrated in fewer occupations, according to a new OECD report.

Better Road Safety Will Boost Economic Growth in Bangladesh

Five winning teams of the World Bank-United Nations Road Safety Champions’ Video Competition were awarded in Dhaka, on January 28. The competition sought ideas for making Dhaka’s roads safer from young Bangladeshis between the ages of 18-23 and...

IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of North Macedonia

On January 22, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of North Macedonia and considered and endorsed the staff appraisal without a meeting.