Finance & Economics

COVID-19 crisis highlights widening regional disparities in healthcare and the economy


Governments should strike a balance between encouraging philanthropy through tax support and ensuring effective public policy

Governments should continue providing support to the philanthropic sector while taking steps to safeguard tax systems and ensure that the activities of philanthropic organisations continue to align with the public interest, according to a new report...

International trade statistics: trends in third quarter 2020


World Bank Signs $120 Million Project to Improve Connectivity in Meghalaya, India

The Government of India, the Government of Meghalaya and the World Bank signed a $120-million project to improve and modernize the transport sector of Meghalaya, a hill state located in the north east of India, on November 19. This will help...

World Bank Expands Support for Basic Service Delivery to Rohingya and Local Communities in Cox’s Bazar

The government of Bangladesh signed a $100 million grant financing agreement with the World Bank to scale up access to energy, water, sanitation services and disaster-resilient infrastructures for the Rohingya and the surrounding host communities, on...

IMF Executive Board Completes the Sixth Review Under the Extended Credit Facility Arrangement for Niger and Approves a US$19.9 Million Disbursement

On October 26, 2020, the Executive Board of the International Monetary Fund (IMF) completed the sixth and final review of Niger’s economic and financial program supported under the Extended Credit Facility (ECF) framework. The completion of the review...

Global foreign direct investment halved amid pandemic, but China remained resilient

Major infrastructure projects like this dam on the Nura River in Kazakhstan often require...

Collapsing consumer demand amid lockdowns cripple Asia-Pacific garment industry

Women at work in a garment factory in Hai Phong, Viet Nam.

Lao PDR: Poverty Continues to Decline but Progress under Threat

Lao PDR has made remarkable progress in reducing poverty over the past 25 years, with the proportion of the population living in poverty falling by more than half, from 46 percent in 1993 to 18 percent in 2019. The finding comes from two reports just...

Asian Markets Rise Wednesday as US Stimulus Bill Talks Continue

Asian markets rose Wednesday with renewed hopes that the Trump administration and House Democrats were close to a deal on a new coronavirus relief measure.