IMF Executive Board Approves US$2.9 billion Extended Arrangement under the Extended Fund Facility for Tunisia
The Executive Board of the International Monetary Fund (IMF) on 20 May approved a 48-month extended arrangement under the Extended Fund Facility (EFF) with Tunisia for an amount equivalent to SDR 2.04 billion (about US$2.9 billion, or 375 percent of...
EU bank backing humanitarian efforts for refugees by building economic resilience
The President of the European Investment Bank, Werner Hoyer, has called for international humanitarian efforts tackling the refugee crisis to be reinforced by action that helps countries and communities anticipate and respond to crises in a resilient...
GDP Growth - First quarter 2016, OECD
Gross domestic product percentage change on the previous quarter, seasonally adjusted data.
Note: Growth...
World Bank Group Launches Groundbreaking Financing Facility to Protect Poorest Countries against Pandemics
The World Bank Group on May 21 launched the Pandemic Emergency Financing Facility (PEF), an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance...
IMF Executive Board Concludes 2016 Article IV Consultation with Algeria
On May 16, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Algeria, and considered and endorsed the staff appraisal without a meeting.
The economic outlook has deteriorated since the...
New Country Engagement Plan for Cambodia Outlines More World Bank Group Support to Help Reduce Poverty
The World Bank’s Board of Executive Directors discussed on 19 May (Thursday ) the 2016-2017 Country Engagement Note (CEN) for Cambodia and approved financing for four projects to provide many communities across Cambodia with better roads, sustainable...
IMF Staff Completes 2016 Article IV Mission to Saudi Arabia
An International Monetary Fund (IMF) team led by Tim Callen held discussions from May 1–12 on the 2016 Article IV Consultation with Saudi Arabia.
IMF Executive Board Concludes 2016 Article IV Consultation with Costa Rica
On May 16, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Costa Rica.
Costa Rica bounced back quickly from the 2008–09 global crisis, but growth, despite picking up in the last two...
World Bank Provides Additional $100 Million to Improve Vocational Skills and Employability of 420,000 Bangladeshi Youth
The government of Bangladesh launched on Thursday implementation of $100 million additional financing provided by the World Bank to strengthen technical and vocational education in the country, on 19 May. The World Bank’s additional financing will...
IMF Staff Completes 2016 Article IV Mission to Barbados
A team from the International Monetary Fund (IMF), led by Judith Gold, visited Barbados during May 9–19 to conduct discussions for the 2016 Article IV Consultation.
