Bangladesh: $100 Million World Bank Financing for Safe Water and Sanitation in Municipalities
The government of Bangladesh, on October 30, signed a $100 million financing agreement with the World Bank to ensure improved water supply, sanitation, and drainage system in selected 30 municipalities, benefiting about 600,000 people.
Commodity Prices Revised Down as Global Growth Weakens and Supplies Remain Ample
Energy and metal commodity prices are expected to continue to fall in 2020 following sharp declines in 2019 on a weaker outlook for global growth and consequent softer demand, the World Bank said in its October Commodity Markets Outlook.
OECD and European Commission join forces to further support structural reforms in European countries
The OECD and the European Commission’s Structural Reform Support Service (SRSS) sealed a new agreement in Paris that will see the OECD provide wide-ranging policy support to advance structural reforms in European countries.
Reforms in Latvia must result in stronger enforcement to tackle foreign bribery and subsequent money laundering risks
Latvia has continued to improve its framework against bribery of foreign public officials and subsequent money laundering but the reforms need to translate into further effective enforcement, according to a new report by the OECD Working Group on...
Employment situation, OECD, second quarter 2019
Source: Quarterly Labour Market Statistics, OECD
IMF Staff Completes Review Mission to Serbia
An International Monetary Fund (IMF) mission, led by Jan Kees Martijn, visited Belgrade during October 3 – 15, 2019, to hold discussions on the third review under Serbia’s Policy Coordination Instrument (PCI).
Project Signing: World Bank Signs $400 million Agreement to Help Uttar Pradesh Develop Safer, Resilient and Green Roads
The Government of India, Government of Uttar Pradesh and the World Bank, on October 11, signed a $400 million loan agreement to help the state of Uttar Pradesh strengthen, upgrade and maintain about 500 kms of the state’s core road network of state...
IMF Staff Completes 2019 Article IV and Sixth ECF Review Mission to Afghanistan
An International Monetary Fund (IMF) team led by Christoph Duenwald visited Dubai from October 3–10, 2019 to conduct discussions for the 2019 Article IV consultation and the sixth and final review of Afghanistan’s economic program supported by a 3½ -...
FSB and IMF publish 2019 Progress Report on G20 Data Gaps Initiative
The Financial Stability Board (FSB) and International Monetary Fund (IMF), on October 11, published the Fourth Progress Report - Countdown to 2021 on the implementation of the Second Phase of the G20 Data Gaps Initiative (DGI-2). The report will be...
Philippines: High impact projects and critical reforms key to regaining higher growth
Amidst rising global uncertainties, the Philippine economy remains strong and is projected to grow 5.8 percent this year and 6.0 percent in 2020 and 2021, according to the Philippines Economic Update, released by the World Bank, on October 10.
