Finance & Economics

IMF Executive Board Concludes 2015 Article IV Consultation with Turkmenistan

On March 16, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Turkmenistan.

EU job-search aid for redundant workers at French trucking firm Mory-Ducros

Around 2,500 redundant workers of the former French road haulage company Mory-Ducros, which closed in 2014, should get EU aid worth €6 million to help them back into work, said Budgets Committee MEPs in a vote on Wednesday. The European Globalisation...

End of milk quotas: "Opportunity to build a more confident and robust dairy sector"

The amount of milk produced in the EU will for the first time in three decades be determined by market forces only after European milk quotas ended on 1 April. The quotas were introduced in 1984 when production outstripped demand with the aim of...

Russia Economic Report 33: The Dawn of a New Economic Era?

The World Bank projects a negative growth outlook for Russia in 2015-2016, with the economy expected to contract by 3.8 percent in 2015 and modestly decline by 0.3 percent in 2016. Investment is projected to contract for a second year in a row as the...

Securing equitable and high-quality education and jobs is crucial to Portugal’s future

Portugal has successfully completed a demanding reform and adjustment programme and is starting to see the benefits. Action to promote equity and quality in education and further labour market reforms are now necessary to help the country secure its...

Action is needed to secure future livelihoods in developed and emerging economies, says the OECD Development Centre

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‌Thriving, struggling or suffering? Regional perceptions of life

WB/Honduras: Increased Access to Health and Education Services for 1.5 Million People in Extreme Poverty

The World Bank Board of Executive Directors approved a US$25 million credit in additional financing for the Social Protection project on March 31, in support of Honduras’ Bono Vida Mejor [Better Life Voucher] Conditional Cash Transfer Program. The...

Statement at the End of an IMF Staff Mission to the Philippines

An International Monetary Fund (IMF) mission led by Chikahisa Sumi visited Manila from March 25−31. The mission met with the Governor of the Bangko Sentral ng Pilipinas (BSP), the Secretaries of the economic cluster, senior government officials,...

World Bank supports Mozambique improve access to all-season roads through greater maintenance, rehabilitation and upgrading

The World Bank Board of Executive Directors approved an additional financing in the amount of US$73.6 million to support the implementation of the Government of Mozambique’s Second Phase of the Roads and Bridges Management and Maintenance Program on...

IMF Staff Completes 2015 Article IV Consultation Mission to Zambia

An International Monetary Fund (IMF) team led by Tsidi Tsikata visited Zambia during March 19-31 to complete discussions for the 2015 Article IV consultation. This followed initial discussions in December 2014, prior to Zambia’s recent Presidential by...