Ministerial Meeting on Agriculture at OECD
Population growth and increasing prosperity are driving and changing global demand for agricultural products, while other challenges, like climate change and increased competition for limited natural resources like land and water, loom on the horizon...
World Bank to Help China Clean Up Industrial Brownfields
The World Bank’s Board of Executive Directors approved a $150 million loan to China to help clean up brownfields in Zhuzhou Municipality in Hunan Province, on March 31.
Statement at the Conclusion of Financial Sector Assessment Program Mission to Russian Federation
A joint International Monetary Fund (IMF) and World Bank (WB) mission, led by Karl Habermeier (IMF) and Aurora Ferrari (WB), visited Moscow during March 15–30, 2016 to conduct an assessment under the Financial Sector Assessment Program (FSAP). The...
Kenya’s Economy Strong in a Challenging Global Environment, says World Bank
Kenya’s economy is projected to grow at 5.9% in 2016, recording an improvement over the 5.6% estimated for 2015, says a new World Bank Group economic report released on March 31. The Gross Domestic Product (GDP) is expected to improve further to 6% in...
Consumer protection laws need updating to improve trust in e-commerce
Countries should modernise their consumer protection laws to address new risks posed by online commerce, including “free” apps and peer-to-peer Internet transactions, according to new OECD guidelines for member countries and emerging economies.
Lifting Restrictions and Promoting Better Regulation to Unleash the Potential of the Digital Economy in Palestine
A new World Bank report estimates the Palestinian mobile sector revenue losses at more than US$1 billion in the last three years. The Palestinian Authority's fiscal losses for the same period are as high as US$184 million, counting non-collected VAT...
Egypt, World Bank Signs US$5 Million Grant to Ease Regulatory Environment for Investors
The Government of Egypt and the World Bank Group signed US$5 million grant agreement on Tuesday to support Equal Access and Simplified Environment for Investment in Egypt (EASE) project, which aims to improve the regulatory environment for investors...
IMF Staff Completes Mission for a Staff-Monitored Program Review and a Stand-By Arrangement Discussion with Iraq
An International Monetary Fund (IMF) mission led by Christian Josz visited Amman from March 17-29, 2016 to review the Staff-Monitored Program (SMP) and begin discussions on a Stand-By Arrangement (SBA) with the Iraqi authorities.
World Bank Approves Additional Funds to Support Human Development Systems in DRC
The World Bank Board of Executive Directors approved on Tuesday an additional grant of $30 million for the Human Development Systems Strengthening Project in DRC. This financing is complemented by $10 million from the Global Financing Facility (GFF)...
Global mayors join forces to address inequalities and foster inclusive growth in cities worldwide
Mayors from cities across the United States, Asia, Europe, Africa and Latin America gathered in New York to launch a global campaign to address rising inequalities and foster inclusive growth in their cities, in their countries and worldwide.
