The Rwanda Economic Update: Financing Development
One million people in Rwanda could be lifted out of poverty, according to a new World Bank report. The country’s economy is expected to continue its growth momentum with rates projected for 2015 at 7.4% and 7.6% in 2016, according to the latest Rwanda...
Better Roads in Tunisia to Link Lagging Regions with Centers of Economic Growth
The World Bank Tuesday approved a US$230 million road project (financed by a US$200 million World Bank loan) to rehabilitate key roads that have been holding back underdeveloped regions in Tunisia. By improving road connections with the more developed...
SE4All Expert Report Details Concrete Ways to Boost Finance for Sustainable Energy
Innovative financial mechanisms in four key areas have the potential to boost crucial investment in sustainable energy by some $120 billion a year in the near term, an expert report from the Sustainable Energy for All (SE4All) initiative shows.
Tax Inspectors Without Borders: OECD and UNDP to work with developing countries to make tax audits more effective
The OECD and the United Nations Development Programme (UNDP) have launched a new initiative to help developing countries bolster domestic revenues by strengthening their tax audit capacities.
Emerging Challenges Facing Tax Policymakers and Administrations in the Area of International Taxation and Transfer Pricing
From July 7-9, 2015, senior tax administrators and tax policy officials from 26 countries throughout Europe and Central Asia as well as experts from the WU University and the World Bank met in Vienna, Austria to share experiences and lessons learned...
IMF Executive Board Approves Three-Year, US$6.2 Million Extended Credit Facility Arrangement for the Democratic Republic of São Tomé and Príncipe
The Executive Board of the International Monetary Fund (IMF) Monday approved a new arrangement under the Extended Credit Facility (ECF) for SDR 4.44 million (about US$6.2 million or 60 percent of quota) for the Democratic Republic of São Tomé and...
Statement by the IMF on Greece
Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), Monday made the following statement regarding Greece’s financial obligations to the IMF due on July 13:
“The SDR 360 million principal repayment (about EUR 456...
Jobs outlook improving slowly but millions risk being trapped at bottom of economic ladder
The jobs recovery is slowly gathering pace, but employment will remain well below pre-crisis levels in many countries, especially in Europe, through to the end of 2016, according to a new OECD report.
EIB supports purchase of modern trams for Krakow and Silesia
EIB lends EUR 25 million to Sapec Agro and Tradecorp International for RDI programme
The European Investment Bank (EIB) has granted a EUR 25 million loan to support the Sapec group’s research, development and innovation (RDI) programme relating to plant protection and nutrition products. The finance contract was signed on July 10 by...
