Finance & Economics

Reforms to Help Pakistan Achieve Growth, Says World Bank Managing Director

World Bank Managing Director and Chief Operating Officer Sri Mulyani Indrawati Tuesday underlined the importance of deepening Pakistan’s reforms and investments in priority development areas so that the country can achieve a higher level of economic...

OECD annual inflation stable at 0.6% in June 2015

Consumer prices, selected areas
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June 2015 percentage change on the same month of the previous year

IMF Executive Board Concludes 2015 Article IV Consultation with the Russian Federation

On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Russian Federation.

The Global Forum releases new compliance ratings on tax transparency

The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports Monday for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of...

IMF Executive Board Approves US$ 49.7 million Disbursement Under the Rapid Credit Facility for Nepal

The Executive Board of the International Monetary Fund (IMF) on Friday approved a disbursement of SDR 35.6 million (US$49.7 million) for Nepal under the Rapid Credit Facility (RCF). This financial support will help the country address the urgent...

IMF Executive Board Completes Seventh and Final Review Under the SBA for Jordan and Approves US$396.3 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) on Friday completed the seventh and final review of Jordan’s economic program supported by a Stand-By Arrangement (SBA). The completion of the final review enables the disbursement of SDR...

IMF Executive Board Completes First Review of Ukraine’s EFF and Approves US$1.7 Billion Disbursement

The Executive Board of the International Monetary Fund (IMF) on Friday completed the first review of Ukraine’s Extended Arrangement under the Extended Fund Facility (EFF). The completion of this review enables the disbursement of SDR 1,182.1 million (...

World Bank Supports Further Improvement of Armenia’s Rural Roads Network

The World Bank Board of Executive Directors approved a US$40 million loan for the Additional Financing of the Lifeline Road Network Improvement Project (LRNIP) for Armenia on July 31. This project will further assist the Government of Armenia in its...

World Bank Approves Largest Ever Guarantees for Ghana’s Energy Transformation

The World Bank’s Board of Directors Thursday approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project - a transformational project that will help address the country’s serious energy shortages by developing new...

IMF Executive Board Approves US$1.24 Billion in Financial Support for Iraq

On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 891.3 million (about US$1.24 billion or 75 percent of quota) for Iraq under the Rapid Financing Instrument (RFI).