New Country Partnership Framework for China Reduces Lending and Focuses on Global Public Goods and Institutional Challenges
The Board of Executive Directors of the World Bank Group (WBG) on December 5, discussed the Country Partnership Framework (CPF) for China for FY2020 to 2025 and expressed broad support for the WBG’s engagement in China’s structural and environmental...
IMF Executive Board Completes the Second Review Under Angola’s Extended Arrangement and Approves US$247 Million Disbursement
On December 5, 2019, the Executive Board of the International Monetary Fund (IMF) completed the Second Review of Angola’s economic program supported by an extended arrangement under the Extended Fund Facility (EFF). Completion of this review unlocks...
IMF Executive Board Concludes 2019 Article IV Consultation with Hungary
On November 27, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the 2019 Article IV consultation with Hungary.
Weak Outlook in GCC Due to Muted Oil Prices & Global Trends
Economic growth in the Gulf Cooperation Council (GCC) was significantly weakened in 2019 due to muted oil prices and excess oil supply, according to the new World Bank’s Gulf Economic Update released on December 4.
IMF Reaches Staff-Level Agreement with Mali on First Review under ECF Arrangement
A team from the International Monetary Fund (IMF), led by Boriana Yontcheva, visited Bamako during November 19-29, 2019, to hold discussions on the first review of the economic and financial program supported by the IMF under the Extended Credit...
Sharper Focus Needed on Domestic Reforms in Russia Amid Weaker Global Outlook, Says New World Bank Report
After a weak performance in the first half of 2019, economic growth in Russia picked up in the third quarter to 1.7 percent, helped by monetary easing, faster public spending and some one-off effects according to the World Bank’s latest Russia...
Donors must do more to align development finance with climate goals
Donor countries must do more to bring development finance in line with climate goals, raising the share used for climate action and reducing to zero the amount that supports new fossil fuel activities, according to a new OECD report.
International trade statistics: trends in third quarter 2019
Countries should strengthen pension systems to adapt to changing world of work
Campaigners welcome manifesto commitment on pension tax relief loophole
The Low Incomes Tax Reform Group (LITRG) has welcomed a commitment in the Conservative manifesto to ‘conduct a comprehensive review to look at how to fix’1 an injustice which means many low-income workers unfairly miss out on tax relief.
