Development aid stable in 2014 but flows to poorest countries still falling
Electricity Non-Payment and Arrears Destabilize the Palestinian Economy
The electricity sector in the Palestinian Territories has been undergoing reforms to increase its efficiency but non-payment to the largest supplier, the Israel Electric Corporation (IEC), remains a key challenge that is impacting the overall fiscal...
IMF Executive Board Concludes 2015 Article IV Consultation with the Republic of San Marino
On March 25, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of San Marino.
World Bank Projects Recession for Moldova in 2015, Says Reforms are Necessary to Improve Growth Prospects
Moldova’s real GDP grew 4.6 percent in 2014, but has been slowing down since the third quarter of the year. The economy is projected to go into a recession in 2015, reflecting the negative shocks from external demand, remittances and financing. The...
AFRITAC South Strengthens Member States Macroeconomic Management
The Steering Committee of the International Monetary Fund’s Regional Technical Assistance Center for Southern Africa (AFRITAC South) met in Johannesburg, South Africa, from April 1–2, 2015.
World Bank President Outlines Strategy to End Poverty, Welcomes New Development Partners
World Bank Group President Jim Yong Kim Tuesday announced a broad strategy to end extreme poverty by 2030, and he welcomed emerging players such as the Asian Infrastructure Investment Bank and the New Development Bank, established by the BRICS...
WB/Argentina: Renewable Energy and Forest Conservation to Benefit One Million Rural Inhabitants
The World Bank Board of Executive Directors approved three new projects for Argentina totaling US$265 million on April 7, focused on expanding access to renewable energy among isolated rural populations; preserving native forests through sustainable...
Integrated Public Transport Systems Make Travel Easier and More Affordable
Streamlining schedules, stops, fares, and passenger information among subways, buses and commuter rail, will make it easier for passengers, cut down on operational costs and boost operational revenue, according to a new World Bank paper published on...
World Bank Group Increased Support for Reforms to Accelerate Economic Growth
Annette Dixon, new Vice President of World Bank Group’s South Asia Region made an introductory visit to Pakistan from April 1 to 4, 2015. She called upon Prime Minister Nawaz Sharif and met with the Finance Minister Ishaq Dar and key members of the...
IMF Approves US$918 million ECF Arrangement Million to Help Ghana Boost Growth, Jobs and Stability
The Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) for Ghana in an amount equivalent to SDR 664.20 million (180 percent of quota or about US$918 million) in support...
