IMF Executive Board Completes Fourth and Fifth Reviews Under Extended Fund Facility Arrangement for Pakistan, and Approves US$1.05 Billion Disbursement
The Executive Board of the International Monetary Fund (IMF) Wednesday completed the fourth and fifth reviews of Pakistan’s economic performance under a three-year program supported by an Extended Fund Facility (EFF).
IMF Staff Completes Review Mission to Burundi
A mission from the International Monetary Fund (IMF), led by Mr. Jaroslaw Wieczorek, visited Bujumbura from during December 4–17, 2014 to conduct discussions for the sixth review of the government’s economic and financial program supported by the IMF...
MEPs urge EU to step up efforts to help steel industry out of the crisis
The EU should step up its efforts to help the steel industry out of the crisis, MEPs say in a non-binding resolution voted on Wednesday. They ask the European Commission to ensure that trade deals improve steel export conditions and check that EU...
World Bank Supports Water Security and Climate Resiliency for Kenya’s Coastal Communities
The World Bank Group’s Board of Executive Directors Tuesday approved a US$200 million International Development Association (IDA)* credit to the Government of Kenya to finance the multipurpose Mwache Dam and to increase access to clean water supply,...
World Bank Advises Croatia on how to Accelerate its Economic Recovery
Prospects for Croatia’s strong recovery from recession and return to the pre-recession growth rates are slim unless the country vigorously moves forward in addressing the structural weaknesses of its economy, according to the World Bank’s new Public...
Mixed response to Commission’s "more focused" 2015 work programme
Commission President Jean-Claude Juncker presented the main lines of the Commission Work...
World Bank Commits over $1 Billion to Bangladesh
The World Bank Tuesday approved approximately $1.1 billion for three projects in Bangladesh that would benefit almost 36 million people by improving the quality of primary education, building coastal communities’ resilience to natural disaster, and...
EU job-search aid for redundant workers in France, Greece, Italy and Poland
Some 6,000 workers made redundant in France, Greece, Italy and Poland will receive EU aid worth €35.5 million to help them find or create jobs, Parliament decided on Tuesday. The four applications to the European Globalisation Adjustment Fund (EGF)...
Republic of Congo and UNESCO sign agreement to boost research and innovation
Bruno Jean Richard Itoua, Minister of Scientific Research and Technological Innovation of the Republic of Congo*, and the Director-General of UNESCO, Irina Bokova, will sign an agreement to reinforce Congo’s capacities in scientific and technological...
Ending Poverty and Boosting Shared Prosperity in Myanmar
Raising farm productivity and incomes, more and better basic services for all, and a better business climate are critical to ending poverty in Myanmar, according to a new World Bank report, Ending Poverty and Boosting Shared Prosperity in a Time of...
