Finance & Economics

IMF Executive Board Approves New Arrangements for Kenya Totaling US$1.5 billion

The Executive Board of the International Monetary Fund (IMF) on Monday approved a new SDR 709.259 million (about US$989.8 million) 24-month Stand-By Arrangement (SBA) and a SDR 354.629 million (about US$494.9 million) 24-month Standby Credit Facility...

The Skills and Jobs Project Launched in Kazakhstan

The World Bank and the Ministry of Healthcare and Social Development officially launched the Kazakhstan Skills and Jobs Project aimed at improving employment outcomes and skills of those in need of training on March 14.

IMF Staff Completes Review Mission to Senegal

An International Monetary Fund (IMF) mission led by Ali Mansoor visited Dakar from March 1–14, 2016 to conduct discussions on the second review of the three-year arrangement under the Policy Support Instrument (PSI) approved in June 2015.

IMF Staff Visit Completes Review of the Staff-Monitored Program with Madagascar

An International Monetary Fund (IMF) team, headed by Marshall Mills, visited Antananarivo, Madagascar, from March 2–11 to assess progress under the Staff-Monitored Program (SMP) with Madagascar.

Tougher environmental laws do not hurt export competitiveness – OECD study

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Environmental policy has only a small impact on trade growth

Active policies needed for a competitive and sustainable tourism sector

The tourism industry in OECD countries continues to grow strongly despite economic weakness in advanced economies, and outperformed tourism globally in 2014. However, active, innovative and integrated policies are needed to ensure that tourism remains...

Tackling poverty and inequality in Greece is crucial to recovery from crisis

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New Project to Link Farmers to Agribusiness in Tanzania

The World Bank Board of Executive Directors on Thursday approved $70 million in new financing to support Tanzania’s agriculture sector and strengthen it by linking smallholder farmers to agribusinesses for boosting incomes and job-led growth.

IMF, Policymakers, and Academics, Debate the Future of Monetary Integration in Sub-Saharan Africa

The Africa Training Institute (ATI), the IMF, and the Banque de France jointly organized a high-level seminar at the ATI in Mauritius on March 7–8, 2016. Over 30 high-level policymakers from across sub-Saharan Africa and academics from Africa, America...

Alternative Financing Mechanisms for Railway Development in China

In the last decade, China has developed the world’s largest high-speed rail network. The question now facing China Railways Corporation (CRC), is how to finance its continued development. The recent World Bank report, titled Attracting Capital for...