Egypt-IMF Executive Board Completes Fifth Review under the Arrangement under Extended Fund Facility (EFF)
On July 24, 2019, the Executive Board of the International Monetary Fund (IMF) completed the fifth and final review of Egypt’s economic reform program supported by an arrangement under the Extended Fund Facility (EFF). The completion of the review...
IMF Executive Board Approves US$12.3 Million Rapid Financial Assistance to the Union of Comoros in the Wake of Cyclone Kenneth
On Jul 24, 2019, the Executive Board of the International Monetary Fund (IMF) approved the equivalent of SDR 8.9 million (US$12.3 million) in financial assistance to the Union of Comoros, with one-third (US$4.1 million) to be drawn under the Rapid...
Improving Corporate Governance is Critical for Sound Financial System in Tajikistan
A workshop on corporate governance practices for the shareholders, board members, and management of financial institutions was launched in Dushanbe by Jamoliddin Nuraliev, the First Deputy Chairman of the National Bank of Tajikistan (NBT) and Jan-...
Financial Incentives for Education Help Eswatini Improve HIV Prevention Among Young Women
Financial incentives linked to education help Eswatini to find an innovative way of preventing HIV infections and pregnancy among adolescent girls and young women (AGYW) in a country with one of the highest HIV prevalence globally, and one of the...
Malaysia has achieved high levels of growth, but must do more to address governance and social challenges
Malaysia’s economic performance has been very successful, but public policy can do more to address social and governance challenges while making growth stronger, greener and more inclusive, according to a new report from the OECD.
Tax revenues in Asian and Pacific economies rebound
Tax-to-GDP ratios increased in the majority of Asian and Pacific economies covered by a new OECD report published on July 24. Nine of the economies in the publication increased their tax-to-GDP ratios between 2016 and 2017, compared with only three in...
Afghanistan Facing Strong Headwinds to Growth, World Bank says
Afghanistan’s economy grew by around two percent in 2018 despite progress in economic policies, likely leading to further increases in poverty and deterioration in living standards, according to the World Bank’s recent Afghanistan Development Update...
World Bank Group Mobilizes Over $14.4 billion for Latin America and the Caribbean Development in Fiscal Year 2019
The World Bank Group mobilized over $14.4 billion in lending and guarantees to support sustainable development and poverty reduction in Latin American and the Caribbean during the 2019 fiscal year ending June 30.
Helping Ceará Farmers Boost Production and Climate Resilience
More than 90,000 residents of rural areas in the State of Ceará was benefit from a new program approved by the World Bank Board of Directors, on July 18. The US$ 100 million Ceará Rural Sustainable and Competitiveness project (Phase II) will finance...
Demand for World Bank Financing and Global Knowledge Remains Strong in Middle East and North Africa
The World Bank responded to strong demand from the Middle East and North Africa Region (MENA) during the financial year that ended on June 30th, 2019, with US$5.47 billion in new commitments to invest in people, expand the private sector, and set a...
