World Bank Lowers 2014 GDP Growth Estimate for Turkey to 3.1 Percent, Maintains 2015 Forecast
A weak Q3 GDP print means end-year growth is likely to come in just above 3 percent. However the disappointing headline number is mainly due to a reduction in inventories with other components of domestic demand signaling improvements, according to...
World Bank Finances Expansion of Power Transmission in Ukraine
The World Bank’s Board of Executive Directors Monday approved a US$378.425 million loan for the Second Power Transmission Project to improve the reliability of the power transmission system and support the implementation of the Wholesale Electricity...
World Bank to Promote High-Quality Innovations in Kazakhstan
The World Bank Group’s Board of Executive Directors Monday approved a US$88 million loan to help Kazakhstan foster innovation by promoting high-quality nationally relevant research and commercialization of technologies.
IMF Staff Completes Third Review for Sudan’s Staff Monitored Program
An International Monetary Fund (IMF) team led by Mr. Edward Gemayel visited Khartoum from December 8-17 to conduct the third review for Sudan’s Staff-Monitored Program (SMP).
IMF Staff Concludes Visit to Jordan
A team from the International Monetary Fund (IMF) led by Kristina Kostial visited Amman during December 10-16 to take stock of recent economic developments and discuss with the authorities their planned economic policies for 2015 and beyond.
IMF Executive Board Completes Sixth Review Under the Extended Fund Facility for Jamaica and Approves US$ 67 million Disbursement
The Executive Board of the International Monetary Fund (IMF) on 19 December completed the sixth review of Jamaica’s economic performance under the program supported by a four-year, SDR 615.38 million (about US$932 million at the time of approval)...
IMF Executive Board Completes First Review of Stand-by Arrangement with Georgia, and Approves US$58.1 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) last Friday completed the first review of Georgia’s economic performance under the three-year Stand-By Arrangement (SBA). The completion of the review enables the disbursement of SDR40...
New Euro Retail Payments Board will reinforce market governance
The European Central Bank (ECB) announced the creation of the Euro Retail Payments Board (ERPB). This new entity, which replaces the Single Euro Payments Area (SEPA) Council, will help foster the development of an integrated, innovative and...
EU Banking Union Fit for Service: Council appoints permanent members of the Single Resolution Board and adopts the methodology for banks' contributions to the resolutions funds
The European Council formally appointed the Chair, the Vice-Chair and the four other permanent members of the Single Resolution Board on December 19. This concludes a recruitment process which started in July 2014. The methodology for calculating...
Statement by an IMF mission to Ukraine
The mission held productive technical discussions with the new economic team of the Ukrainian government and with the National Bank of Ukraine in the context of the Fund-supported program, covering key issues facing the economy. We found that the...
