IMF Executive Board Completes Ninth Review Under the Extended Fund Facility for Pakistan
The Executive Board of the International Monetary Fund (IMF) on December 18, 2015 completed the ninth review of Pakistan’s economic performance under a 36-month program supported by an Extended Fund Facility (EFF) arrangement. The Executive Board’s...
State aid: European Commission concludes the resolution of Greek Cooperative Bank of Peloponnese involves no aid
The Bank of Greece has decided to put the small cooperative bank (with less than 0.1% market share in Greece) into resolution because it had a capital shortfall and did not succeed in raising new capital from private investors. Under the resolution...
Portugal needs to increase its development aid and improve oversight
Portugal has endeavoured to maintain its foreign aid programme since the economic crisis, but its aid budget has been hit hard and a plan is needed to avoid a further decline and get back on a path towards internationally agreed targets, according to...
IMF Executive Board Concludes Review of Fund-supported Programs During Global Financial Crisis
On December 7, 2015, the Executive Board of the International Monetary Fund (IMF) concluded a review of program design and outcomes of Fund-supported programs undertaken during and following the global financial crisis. The discussion was informed by...
US$1.2 billion to Support Iraq Amid Challenging Economic Situation
A US$1.2 billion loan will support Iraq in strengthening fiscal stabilization and improving efficiency in the energy sector to help counter the effects of the drop in oil prices and rising security costs.
OECD Unit Labour Cost growth slows to 0.3% in the third quarter of 2015
Early Estimates of Quarterly Unit Labour Costs
Seasonally adjusted data, Total economy
IMF Executive Board Takes Decision on the Status of Ukraine's Eurobond Held by the Russian Federation
On December 16, 2015, the Executive Board of the International Monetary Fund (IMF) decided that the claim arising from the US$3 billion Eurobond issued by Ukraine on December 24, 2013 and held by Russia’s National Wealth Fund (NWF) is an official...
Malaysia Economic Monitor: Immigrant Labour
Malaysia’s growth is projected to remain at 4.7 percent in 2015, easing to 4.5 percent in 2016. This outlook reflects some slowdown in domestic demand in the course of 2015 from tighter fiscal conditions, which are expected to continue in 2016-17, a...
IMF Executive Board Discusses “Macroeconomic Developments and Prospects in Low-Income Developing Countries: 2015”
On December 9, 2015, the Executive Board of the International Monetary Fund (IMF) discussed a staff paper on recent macroeconomic developments and near-term prospects for low-income developing countries (LIDCs). The paper also examines the experience...
Parliament calls for tougher arms export regime
Member states must apply the EU's eight-point code on arms exports more rigorously, particularly with the changed security environment in the EU's neighbourhood, the EP said on Thursday. It stressed that these trade flows are not in the EU's direct...
