IMF Executive Board Approves New Two-Year US$23 Billion Flexible Credit Line Arrangement for the Republic of Poland
The Executive Board of the International Monetary Fund (IMF) Wednesday approved a successor two-year arrangement for the Republic of Poland under the Flexible Credit Line (FCL) with reduced access in an amount equivalent to SDR 15.5 billion (about US$...
Global Economic Prospects to Improve in 2015, But Divergent Trends Pose Downside Risks, Says WB
Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger U.S. economy, continued low global interest rates, and receding domestic headwinds in several...
Philippines: High and Inclusive Growth Can Eradicate Poverty and Boost Shared Prosperity within a Generation – World Bank
The World Bank expects the Philippine economy to grow at 6.5 percent in 2015 and 2016 despite a weak global economy. Sustaining this level of high growth and making it inclusive over the long term will enable the country to eradicate poverty and boost...
Burkina Faso: World Bank Approves Additional Funds to Expand Access to Clean Water in Ouagadougou
The World Bank Group’s Board of Executive Directors Monday approved a new US$80 million grant from the International Development Association (IDA*) to help Burkina Faso expand access to clean water and sanitation services for the poor in the urban...
Ebola Hampering Household Economies across Liberia and Sierra Leone
The socio-economic impacts of Ebola in Liberia and Sierra Leone are far-reaching and persistent, according to two new World Bank Group reports. Both countries continue to experience job losses, despite their differing health outlooks.
Loan Signing: Belarus Transit Corridor Improvement Project
The Republic of Belarus and the World Bank signed the Loan Agreement for a US$250 million loan to the Republic of Belarus for a Transit Corridor Improvement Project, following the loan’s approval by the World Bank’s Board of Executive Directors on...
India Laying Foundation for Even Faster Economic Growth, World Bank President says
World Bank Group President Jim Yong Kim said India is pursuing reforms that could accelerate growth in its economy and this could more rapidly reduce poverty and spread prosperity to more people in the country who are marginalized and vulnerable.
EIB increases its support for Croatian SMEs and midcap companies channelled through PBZ Bank
Mr Dario Scannapieco, EIB Vice-President responsible for lending operations in Croatia, stated: “EIB funds, intermediated through PBZ, a well-established EIB partner financing institution, will help to increase the competiveness of Croatia. The loan...
Mexico has a unique opportunity to boost growth and share prosperity more widely, according to the OECD .
Mexico now has the chance to dramatically boost growth rates and resume convergence of its living standards towards those of advanced economies, reduce pervasive labour market informality and drive down high rates of poverty and income inequality. The...
UK offers new fund to help councils crack down on unauthorised development
