IMF Completes Ninth Review of Cyprus’ EFF and Approves €126.3 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) Wednesday completed the ninth review of Cyprus’s economic adjustment program supported by the Extended Fund Facility (EFF) arrangement. The completion of the review would make SDR 99 million...
17 Member states of OHADA meet in Cotonou to discuss the Entreprenant Status
The Organization for the Harmonization of Business Law in Africa (OHADA) and the Government of Benin, in collaboration with the World Bank Group and the International Organization of La Francophonie organized a regional workshop to share experiences...
Virtual currencies: what are the risks and benefits?
Are virtual currencies an opportunity to transfer money more cheaply or just a way for criminals to trade in illegal goods? The Parliament's economic committee held a hearing on Monday to discuss the issues involved with experts, who told them EU...
World Bank Lowers 2016 Forecasts for 37 of 46 Commodity Prices, Including Oil
The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections.
Dutch Presidency priorities discussed in committee
The priorities of the Dutch Presidency of the EU Council of Ministers are being outlined to parliamentary committees by Dutch ministers at a series of meetings, between 11 and 14 January and continuing this week.
Trade MEPs back emergency plan to import 70,000 tonnes of Tunisian olive oil duty free
A proposed emergency measure to import 70,000 tonnes of olive oil from Tunisia duty free, to help boost the struggling Tunisian economy, hit not least by terrorist attacks of 2015, was backed by the EP Trade Committee on Monday. To meet the concerns...
Ports: transport MEPs favour clear public funding rules, but not free market access
Draft rules to improve the transparency of public funding for key EU ports and common rules for ports wishing to restrict the number of service providers were approved by the Transport Committee on Monday. But the committee rejected a proposed “one...
IMF Executive Board Completes Third PSI Review for Tanzania
The Executive Board of the International Monetary Fund completed Friday the third review of Tanzania’s economic performance under the program supported by the Policy Support Instrument (PSI) on January 22.
IMF Staff Completes 2015 Article IV Mission to Malaysia
An International Monetary Fund (IMF) team, led by Alex Mourmouras, visited Kuala Lumpur, Putrajaya and Kuching during January 11-22, 2016, to conduct discussions for the 2015 Article IV Consultation with Malaysia. The team exchanged views with senior...
EIB renews support for Lithuanian Railways
Continuing a longstanding cooperation, AB Lietuvos Geležinkeliai (LitRail) and the European Investment Bank (EIB) have signed a EUR 68 million loan in support of the modernisation of rail infrastructure and rolling stock in Lithuania.
