New World Bank program to support Moroccan municipalities’ performance and service delivery
The World Bank’s Board of Executive Directors has approved a €271.8 million loan ($ 300 million) to support the strengthening of Morocco’s municipalities, an objective that is part of the Kingdom’s broader efforts to upgrade urban services and turn...
World Bank Launches NOK 2.5 Billion 5-year Sustainable Development Bond to Raise Awareness for Water and Ocean Resources
The World Bank (International Bank for Reconstruction and Development or IBRD, Aaa/AAA) launched its first Sustainable Development Bond in Norwegian krona to raise awareness for water and ocean resources. The NOK 2.5 billion 1.75% bond matures on...
World Bank Group Launches New Country Partnership Framework for Cabo Verde
On October 29, 2019, the World Bank Group’s Board of Executive Directors discussed the Country Partnership Framework (CPF) for the Republic of Cabo Verde for the period 2020-2025. This CPF lays out the WBG strategy to accelerate human capital for...
US-China trade war is a ‘lose-lose’ situation for them and the world, warn UN economists
A cargo ship at the port of Ningbo, China.
Consumer Prices, OECD - Updated: 5 november 2019
Switzerland: prepare for population ageing to maintain high living standards
IMF Executive Board Completes the Sixth Review of Sri Lanka’s Extended Arrangement under the Extended Fund Facility
On November 1, 2019, the Executive Board of the International Monetary Fund (IMF) completed the Sixth Review of Sri Lanka’s economic performance under the program supported by an extended arrangement under the Extended Fund Facility (EFF).
IMF Reaches Staff-Level Agreement with Liberia on an Economic and Financial Program that Could be Supported Under the Extended Credit Facility
Discussions took place during IMF negotiation missions in June and September 2019 and, most recently, during 2019 IMF Annual Meetings. The IMF team, led by Mika Saito, engaged with a high-level delegation from Liberia led by Minister of Finance and...
Securing Kenya’s Future Growth: Policies to Sustain Inclusive Growth
Kenya continues to experience steady economic growth, with real GDP expanding on average by 5.6 percent over the last five years (2014-2018). In 2019, however, economic activity has softened to 5.8 percent from 6.3 percent in 2018 according to the...
Belarus to Enhance Energy Efficiency with Support from the World Bank
The World Bank’s Board of Executive Directors approved financing of $99.3 million for the new Sustainable Energy Scale-Up Project in Belarus, on October 30.
