IMF Executive Board Approves US$207.5 Million Stand-By Arrangement and US$103.8 Million Standby Credit Facility for Honduras
The Executive Board of the International Monetary Fund (IMF) approved on July 15 an SDR 149.88 million (about US$207.5million) Stand-By Arrangement (SBA) and an SDR 74.94 million (about US$103.8 million) arrangement under the Standby Credit Facility (...
Zambia Can Harness Renewable Resources to Promote Sustainable Growth
Zambia’s path to economic recovery remains weak, reflecting both exogenous and policy uncertainties, says the latest World Bank’s Economic Brief on Zambia, titled: Wealth Beyond Mining: Leveraging Renewable Natural Capital.
Over 820 million people suffering from hunger; new UN report reveals stubborn realities of ‘immense’ global challenge
Local school children eat their meals at the Ban Bor Primary School in Xay District, Lao...
Donor countries set international standard for preventing sexual exploitation, abuse, and harassment in development sector
Members of the OECD’s Development Assistance Committee (DAC) – 29 donor countries and the EU – agreed on a comprehensive set of recommendations aimed at preventing sexual exploitation, abuse and harassment in the aid sector.
Uncertain global economy should prompt governments to embark on reforms that boost sustainable growth, raise incomes and increase opportunities for all
Bangladesh: Climate-Smart Growth Key to Achieving Upper-Middle Income Status
The World Bank reaffirmed its continued support to Bangladesh to achieve the country’s vision of reaching an upper-middle income status through ensuring green growth, as the Bank’s Chief Executive Officer Kristalina Georgieva concluded a two-day visit...
New US$500 Million Project Seeks to Promote Inclusive Growth in Argentina
On July 11, the World Bank Board of Directors approved US$500 million in new financing to support Argentina’s economic recovery efforts with the aim to promote inclusive private sector led growth. This loan completes the World Bank budget support of...
IMF Executive Board Completes Fourth Review Under Argentina’s Stand-By Arrangement, Approves US$5.4 Billion Disbursement
The Executive Board of the International Monetary Fund (IMF), on July 12, completed the fourth review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018. The completion of the review...
Côte d’Ivoire Economic Outlook: Urgent Actions Needed to Modernize the Cocoa Sector and Ensure that Benefits Accrue to All Its Actors
The Ivorian economy has remained buoyant since the start of the year, posting one of the fastest growth rates in Africa. This rate is projected to reach 7.2 % in 2019, compared to 7.4% last year. This was the finding of the ninth economic update for...
Sierra Leone’s Macroeconomic Situation Remains Challenging Despite Bold Policy Measures
Unlocking the bottlenecks to robust and sustained real growth through economic diversification and addressing pre-existing macroeconomic weaknesses will be crucial for building a resilient economy that promotes inclusive growth and reduces poverty,...
