Finance & Economics

IMF Executive Board Completes First Review Under the ECF and Approves US$22.58 Million Disbursement for Benin

On December 1st, the Executive Board of the International Monetary Fund (IMF) completed the first review of the arrangement under the Extended Credit Facility (ECF) for Benin. Completion of the review enables the disbursement of SDR15.917 million (...

New Policy Approach Needed for East Asia and Pacific to Achieve Inclusive Growth: World Bank

The countries of developing East Asia and Pacific – among the most successful in the world in reducing poverty and improving living standards – need to adopt a new thinking if they are to achieve inclusive growth going forward, says a new World Bank...

Civil society call for an inclusive and coherent long term sustainable post-2020 strategy for Europe

The conference, which took place on 27-28 November 2017 in Budapest, was organised by the European Economic and Social Committee (EESC), with the support of the Hungarian Economic Association and the Hungarian Ministry for Human Resources.

Indonesia’s middle class vital for the country’s future

Expanding Indonesia’s middle class can help boost economic growth and broaden prosperity. This is a key message emerging from two new World Bank reports on the middle class in East Asia and Indonesia that were discussed in Jakarta, on December 4th.

The Vulnerable in Latin America and the Caribbean are Often Just One Disaster Away from Falling Back into Poverty

Countries across Latin America and the Caribbean (LAC) have made major progress in reducing poverty and inequality, but frequent natural and man-made shocks threaten to drive many people back into poverty unless efforts to mitigate and manage risks...

International trade statistics: trends in third quarter 2017

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Russian Economy Returns to Modest Growth in 2017, says World Bank

The Russian economy has returned to modest growth – amidst positive global growth, a recovery in trade, rising oil prices, and growing macroeconomic stability – according to the World Bank’s latest Russia Economic Report (no. 38 in the series),...

IMF Statement at the Conclusion of Staff Visit to Ecuador

An IMF delegation comprised of the IMF’s Director of the Western Hemisphere Department, Mr. Alejandro Werner, and the Mission Chief for Ecuador, Ms. Anna Ivanova visited Quito to meet with the Ecuadorian authorities and hear the views of the new...

Call for Comments on Reforms to the Global Audit Standard-Setting Process

The World Bank Group is a member of the Monitoring Group, a group of international financial institutions and regulatory bodies committed to advancing the public interest in areas related to international audit standard setting and audit quality.

Substantial progress in Transdniestrian settlement talks in Vienna, clear commitment to solve remaining issues, says OSCE Special Representative

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Representatives of the Sides, Mediators and Observers during the meeting of the 5+2 talks on the Transdniestrian Settlement Process,...