Stronger policy response needed to avoid risks to growth, especially in the euro area, says OECD in latest Economic Outlook
Modest global economic forecasts, continuing high unemployment, and downshifts in potential output should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in...
IMF Staff Concludes 2014 Article IV Mission to Egypt
An International Monetary Fund (IMF) mission led by Mr. Chris Jarvis visited Cairo from November 11 to 25 to hold discussions for the 2014 Article IV consultation. Discussions focused on economic and financial developments, the outlook, and the...
EU budget: Parliament urges EU member states to pay up and do a deal
MEPs were disappointed that no deal had been struck with the Council on topping up the EU’s 2014 budget and a new budget for 2015, they said in a debate on Tuesday. They urged EU member states to muster the political will to tackle the ever-growing...
EP approves aid for redundant Finnish shipyard and French abattoir workers
Proposals to provide EU funding to help find or create new jobs for workers made redundant by shipbuilders STX Finland Oy and the GAD abattoir in France were approved by the European Parliament on Tuesday. The EU should provide aid worth The European...
Philippines: World Bank Group’s New Strategy to Benefit Bicol’s Rural Poor
Rural infrastructure projects worth one billion pesos (P1.12 billion) are slated for implementation in the Bicol Region under the new Philippine Rural Development Project (PRDP) to be launched this week by President Benigno S. Aquino III.
Myanmar’s High Rice Price Volatility Increases Poverty Risk but Requires Careful Management
A new study by the World Bank finds that rice price volatility in Myanmar is the highest among net rice exporting countries in Asia, preventing Myanmar’s rice farmers from earning high profits and keeping many families at or close to poverty income...
Global Agriculture and Food Security Program Announces $107 Million in Grants to Fight Hunger and Poverty
Partners in the Global Agriculture and Food Security Program (GAFSP) announced $107 million in grants to five countries−Benin, Bhutan, Kenya, Laos PDR, and Timor Leste−for country-led initiatives to increase agriculture productivity, reduce poverty,...
IMF Staff Concludes 2014 Article IV Mission to Malaysia
An International Monetary Fund (IMF) team, led by Alex Mourmouras, visited Kuala Lumpur and Putrajaya during November 13-24, 2014, to conduct discussions for the 2014 Article IV Consultation with Malaysia. The team exchanged views with senior...
World Bank Supports More Efficient and More Reliable District Heating Services in Moldova
The World Bank’s Board of Executive Directors approved a US$40.5 million financing to the Republic of Moldova for the District Heating Efficiency Improvement Project, which will fund investments aimed at improving the efficiency of the district...
Statement at the Conclusion of an IMF Visit to El Salvador
At the invitation of the Banco Central de Reserva (BCR), a team of experts from the Monetary and Capital Markets Department of the International Monetary Fund visited El Salvador to take part in a Forum on Financial Stability on November 19, 2014. The...
