Many developing countries can improve public services through fair and open procurement practices, says WBG report
Private companies continue to face considerable obstacles, linked to transparency, efficiency and other ills of government procurement systems around the world, a new World Bank Group report finds.
Statement from Participants to the Arrangement on Officially Supported Export Credits
Participants to the Arrangement on Officially Supported Export Credits have agreed new rules on official support for coal-fired power plants, including restrictions on official export credits for the least efficient coal-fired power plants, the OECD...
IMF Executive Board Completes Fifth PSI Review for Uganda
The Executive Board of the International Monetary Fund Wednesday completed the fifth review of Uganda’s economic performance under the program supported by the Policy Support Instrument (PSI). The Board’s decision was taken on a lapse of time basis....
Tight Public Expenditure Management Key to Reversing Malawi’s Deteriorating Growth Prospects
The World Bank projects that Malawi’s economic growth rate for 2015 will slow down to 2.8 percent due to a combination of factors such as weak fiscal discipline and a now clearer impact of weather shocks on agricultural production. The rate of...
IMF Staff Statement at the End of a Mission to Jordan
A mission from the International Monetary Fund (IMF) led by Ms. Kristina Kostial visited Amman from November 3–17 to take stock of recent economic developments and discuss with the authorities their planned economic policies for 2016 and beyond.
IMF Executive Board Concludes 2015 Article IV Consultation with Finland
On November 11, 2015 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Finland.
The Finnish economy has been in recession for three years. It has experienced a unique confluence of structural...
World Bank’s Economic Update for Tajikistan Discussed in Dushanbe
The decline in remittances from Russia, weak global demand and low prices for the country’s key export commodities such as aluminum and cotton will cause Tajikistan’s economic growth to slow to an estimated 4.2 percent in 2015, the World Bank said...
IMF Executive Board Concludes 2015 Article IV Consultation with Mexico
On November 9, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mexico.
Foreign Banks’ Funding to Emerging Europe Increased for the First Time since 2011
The fall in foreign bank’s funding to countries in Eastern Europe may be bottoming out. A new report from the Vienna Initiative committee released Tuesday shows that foreign bank funding to Central, Eastern and Southeastern Europe (CESEE) countries,...
IMF Executive Board Concludes Article IV Consultation with Cambodia
On October 26, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cambodia.
Cambodia’s economic growth has been one of the fastest among Asia’s developing economies in recent years. It...
