IMF Executive Board Completes Seventh Review of the Extended Fund Facility Arrangement for Albania
On May 27, 2016, the Executive Board of the International Monetary Fund (IMF) completed the seventh review of Albania’s economic performance under a program supported by the Extended Fund Facility (EFF). The completion of the review enables the...
IMF Executive Board Approves New Two-Year US$88 Billion Flexible Credit Line Arrangement with Mexico
The Executive Board of the International Monetary Fund (IMF) on Friday approved a successor two-year arrangement for Mexico under the Flexible Credit Line (FCL) in an amount equivalent to SDR 62.389 billion (about US$88 billion) and canceled the...
EIB continues to support SMEs and midcaps in Georgia
The European Investment Bank (EIB) is lending EUR 22.5 million – the first tranche of an approved loan of EUR 45 million – to JSC Bank Republic to finance SMEs and midcaps engaged in trade and commerce in Georgia.
Early Movers Generate Revenues from Carbon Emissions
Early efforts by governments to put a price on carbon pollution point to a growing role for emissions mitigation as a source of revenue. In 2015, governments raised about US$26b from charging for carbon emissions, up 60 percent from the previous year...
Targeted Investments and Local Action to Ensure Social Inclusion for Hungary’s Poorest
Targeted investments and effective local action can help eliminate the social and economic gap between Hungary’s poorest citizens and the rest of the society, say three reports prepared by the World Bank.
More Reforms Needed to Improve Financial Capability and Inclusion in Azerbaijan, finds new World Bank Report
Development of the financial sector and raising financial literacy over the past several years have improved the financial inclusion in Azerbaijan, but it is still significantly lower than in many comparator countries, finds the new World Bank report...
World Bank Group, International Partners Launch Six Principles for Dialogue on Climate Action
The World Bank Group, along with 12 international organizations, on Tuesday launched a new initiative that will make it easier for governments, the private sector and the global community to work together to lessen the impacts of climate change and...
World Bank Support Benefits One Million Bangladeshi Poor Farmers
The government of Bangladesh on Tuesday signed a $176.06 million financing agreement with the World Bank to increase the agricultural productivity and access to markets of more than one million poor farmers, particularly women.
IMF Reaches Staff-Level Agreement with Bosnia and Herzegovina on an Arrangement under the Extended Fund Facility
An International Monetary Fund (IMF) mission, led by Nadeem Ilahi, visited Bosnia and Herzegovina (BiH) during May 10-24, 2016, to discuss IMF support for the country’s economic program.
Anti-tax avoidance: close tax gap with low-tax third countries, say MEPs
The European Commission's proposal for an EU anti-tax avoidance directive was welcomed by Parliament's Economic and Monetary Affairs Committee in a resolution voted on Tuesday. MEPs nonetheless advocated stricter limits on deductions for interest...
