IMF Statement at the Conclusion of Staff Visit to the Philippines
An International Monetary Fund (IMF) mission led by Chikahisa Sumi visited Manila from February 11−17. The mission met with the Governor of the Bangko Sentral ng Pilipinas (BSP), the Secretaries of the economic cluster, senior government officials,...
Forging a Shared Vision for Digital Transformation in Central and South Asia
The World Bank’s new ‘World Development Report 2016: Digital Dividends’ was launched Wednesday at the Kazakh-Britain Technical University in Almaty, Kazakhstan. Discussion of the report helps catalyze a shared vision for digital transformation among...
IMF Executive Board Completes Fifth and Sixth Reviews of the Extended Fund Facility Arrangement for Albania
On February 17, 2016, the Executive Board of the International Monetary Fund (IMF) completed the fifth and sixth reviews of Albania’s economic performance under a program supported by the Extended Fund Facility (EFF). The completion of the review...
IMF Executive Board Concludes 2015 Article IV Consultation with Uruguay
On February 8, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Uruguay.
Democratic accountability: the key to successful economic governance in the EU
How much money should a country devote to its health and pension systems? Although this is of course for national parliaments to decide every year, their decisions have to be in line with the country's budgetary commitments taken at the EU level. On...
Poverty has Fallen in Sri Lanka but Fiscal, Growth, and Inclusion Challenges Need to Be Tackled to Sustain Progress
Sri Lanka has made encouraging progress in reducing poverty to below 7 percent of the population, but pockets of severe poverty remain and future prosperity will depend on addressing chronic revenue shortfalls and fostering a more competitive and...
IMF Concludes 2016 Article IV Consultation Mission to Timor-Leste
An International Monetary Fund (IMF) team led by Ms. Yu Ching Wong visited Timor-Leste from February 1–12 to hold Article IV consultation discussions. The team met with Minister of State, Coordinator of Economic Affairs and Minister of Agriculture and...
Costa Rica: Stronger and more inclusive growth will require new reforms
Costa Rica has made impressive economic, social and environmental progress, but further institutional and policy reforms will be necessary to ensure stronger and more inclusive growth, according to the first-ever OECD Economic Assessment of Costa Rica...
Indigenous Peoples Benefited to a Lesser Extent from Latin American Boom
Indigenous peoples made significant social progress, experienced a reduction in poverty levels in several countries and gained improved access to basic services during the boom of the first decade of the century, but they did not benefit to the same...
"We have plenty of monetary policy instruments if needed", Draghi tells MEPs
The European Central Bank has plenty of monetary policy instruments, and the leeway to use them if needed, ECB President Mario Draghi told economic and monetary affairs MEPs on Monday. The ECB’s assets purchase programme is flexible enough to adapt to...
