World Bank Forecasts a Slowdown in Migrant Remittances in 2015
Weak economies in Europe, especially Russia, are slowing the growth of remittance flows in 2015. Weaker currencies vis-à-vis the US dollar, and lower oil prices are further restricting the ability of many migrants to send money back to family and...
Global Volatility Constrains Economy in Indonesia: World Bank
Facing uncertain global conditions which constrain growth, ongoing government action such as stimulus measures, regulatory reforms and improved public spending will help Indonesia weather the year ahead, says a new World Bank report.
Africa’s Population Boom Can Propel the Region’s Economic Take-Off
Government policies and actions taken Thursday in Africa can increase the likelihood of capturing the potential benefits from the region’s rapid population growth and propel economic takeoff, according to a new report from the World Bank Group.
IMF Executive Board Concludes 2015 Article IV Consultation with Ecuador
On September 25, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Ecuador.
International and Regional Trade is Key to Faster Growth for Bangladesh, says New World Bank Report
International and regional trade, especially with South Asian and East Asian neighbors is critical for Bangladesh to create more and better jobs for the 2 million youths entering the labor force every year, says a new ‘Diagnostic Trade Integration...
Promoting longer working lives is vital for Denmark’s future prosperity
Encouraging more people to continue to work later in life would help Denmark meet the challenges of its rapidly ageing population. The ratio of the population aged 65 and over to the working-age population is projected to increase from 30% in 2012 to...
Latvia’s fight against foreign bribery overshadowed by enforcement weaknesses
Latvia has improved its laws since acceding to the OECD Anti-Bribery Convention in 2014. Yet serious personnel issues until recently as well as negative government commentary concerning KNAB, Latvia’s anti-corruption law enforcement agency, have cast...
World Bank: Economic Indicators Failed to Predict Arab Uprisings
A longtime reliance on economic indicators as a barometer of progress in Middle Eastern and North African countries masked the level of frustration and dissatisfaction in the region ahead of the ‘Arab Spring,’ according to a new World Bank report...
Colombia needs to address major loopholes to hold companies liable for foreign bribery
Colombia needs to improve its capacity to investigate foreign bribery by establishing an effective corporate liability regime, improving coordination between its numerous agencies and more rigorously training law enforcement, according to a new report...
IMF Executive Board Completes Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement for Bangladesh and Approves US$258.3 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) Wednesday completed the fifth and sixth reviews of Bangladesh’s economic program under a three-year arrangement supported by the Extended Credit Facility (ECF). The Executive Board’s...
