Finance & Economics

World Bank Procurement Reform: New Direction Endorsed

Following the endorsement by Executive Directors of a new direction for the procurement of goods and services under World Bank-financed projects, the Bank is launching global consultations on the proposed reforms that will be held from August through...

Ebola: World Bank Group Mobilizes Emergency Funding to Fight Epidemic in West Africa

With the latest death toll from the West Africa Ebola epidemic now at 887, the World Bank Group pledged as much as US $200 million in emergency funding to help Guinea, Liberia, and Sierra Leone contain the spread of Ebola infections, help their...

IMF Executive Board Completes Fourth Review Under ECF Arrangement for Guinea and Approves US$28.1 Million Disbursement
IMF Executive Board Approves New US$122.4 Million ECF Arrangement for Chad

The Executive Board of the International Monetary Fund (IMF) approved a new three-year arrangement under the Extended Credit Facility (ECF) for a total amount equivalent to SDR 79.92 million (about US$122.4 million), 120 percent of quota for Chad. The...

IMF Executive Board Approves US$6.4 Disbursement under the Rapid Credit Facility And the Rapid Financing Instrument for St. Vincent and the Grenadines

The Executive Board of the International Monetary Fund (IMF) on August 1, 2014 approved a disbursement of an amount equivalent to SDR 4.15 million (about US$6.4 million) for St. Vincent and the Grenadines to be drawn equally from the Rapid Credit...

IMF Executive Board Approves New US$122.4 Million ECF Arrangement for Chad

The Executive Board of the International Monetary Fund (IMF) today approved a new three-year arrangement under the Extended Credit Facility (ECF) for a total amount equivalent to SDR 79.92 million (about US$122.4 million), 120 percent of quota for...

US Adds 209K Jobs in July, Unemployment Rises to 6.2%

US Adds_0.png

IMF Executive Board Approves US$6.4 Disbursement under the Rapid Credit Facility And the Rapid Financing Instrument for St. Vincent and the Grenadines

The Executive Board of the International Monetary Fund (IMF) on August 1, 2014 approved a disbursement of an amount equivalent to SDR 4.15 million (about US$6.4 million) for St. Vincent and the Grenadines to be drawn equally from the Rapid Credit...

Single Euro Payments Area (SEPA) reaches major milestone for retail payments

The European Central Bank (ECB) marks a major milestone in the integration of retail payments in Europe. After 15 years of work, the Single Euro Payments Area (SEPA) has been successfully implemented for credit transfers and direct debits in the euro...

Customs authorities detain nearly 36 million fake goods at EU borders in 2013

130327_1_home.jpg