Finance & Economics

IMF Executive Board Concludes 2015 Article IV Consultation with Kiribati

On July 24, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Kiribati, and considered and endorsed the staff appraisal without a meeting.

IMF Executive Board Concludes 2015 Article IV Consultation with Somalia

On July 27, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Somalia.

Since 1991, Somalis have suffered greatly from civil war. The economy deteriorated as the physical...

New World Bank Grant to Enable 1.7 million Jamaicans to Better Manage Climate Risks

The World Bank Board of Directors Wednesday approved a US$6.8 million grant to help Jamaica improve the quality and use of climate related information for effective planning and action at local and national levels. Approximately 60% of Jamaica’s 2.8...

IMF Executive Board Approves €147.5 million Stand-By Arrangement for Republic of Kosovo

The Executive Board of the International Monetary Fund (IMF) Wednesday approved a 22-month Stand-By Arrangement for the Republic of Kosovo, in an amount equivalent to SDR 147.5 million (about €184 million, 250 percent of Kosovo’s quota in the IMF).The...

Wind power project helps Afghan refugees rebuild lives in shattered village

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Power was a major problem for returnees to Aqrabat, 25 km northwest of Bamyan town, central Afghanistan

World Bank Group Helps Boost Kyrgyz Dairy Sector

The World Bank Group, working with the Kyrgyz Government and other partners, has launched an initiative to help develop Kyrgyzstan’s dairy sector by addressing key challenges to boosting agricultural production and encouraging local economic...

IMF Executive Board Concludes 2015 Article IV Consultation on Euro Area Policies

On July 24, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with the Euro Area.

The recovery is strengthening, driven by rising domestic demand and supported by lower oil prices, the ECB...

Statement by the European Commission, the ECB and the IMF on Cyprus

Staff teams from the International Monetary Fund (IMF) and the European Commission (EC), in liaison with the European Central Bank (ECB), visited Nicosia during July 14-24 to review Cyprus’s economic reform program. Cyprus’s program, which is...

IMF Executive Board Completes the Second Review of the Current PLL Arrangement for Morocco and the Ex Post Evaluation of the First PLL

On July 24, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the second review of Morocco’s economic performance under a program supported by a two-year Precautionary and Liquidity line (PLL) arrangement and the Ex Post...

IMF Executive Board Reviews the Fund's Income Position for Financial Years 2015-16

The Executive Board of the International Monetary Fund (IMF) completed its annual review of the Fund’s income position for the financial years ending April 30, 2015 (FY 2015) and FY 2016 on April 27, 2015.