South Korea, Australia Sign Free Trade Deal
South Korea and Australia have signed a free trade deal aimed at realizing the "untapped potential" between two of Asia's largest economies.
Philippines: Further reforms to strengthen growth, create more and better jobs
The Philippines is likely to remain as one of the fastest growing economies in the East Asia and Pacific region in the next two years. Further reforms, including the removal of remaining barriers to doing business for firms of all nationalities and...
Libyan Rebels Agree to End Blockade at 2 Oil Ports
Libya's government has reached an agreement with rebels to reopen two of four oil ports, in a major breakthrough to end an eight-month blockade.
East Asian Economies Expected to Grow at a Stable Pace in 2014
Developing countries in the East Asia Pacific region will see stable economic growth this year, bolstered by a recovery in high-income economies and the market’s modest response so far to the Federal Reserve’s tapering of its quantitative easing,...
Statement by the European Commission and the European Central Bank following the conclusion of the first post-programme surveillance mission to Spain
After the expiry of the financial sector programme in January 2014, a staff team from the European Commission, in liaison with staff from the European Central Bank, undertook the first visit to Spain in the context of the post-programme surveillance (...
Europe’s reforms beginning to pay off but continued effort needed, says OECD
Action taken by many European countries to return their public finances to health are beginning to pay off, says the OECD. The Euro area economies which emerged from the crisis with serious current account deficits are now in surplus. Debt-to-GDP...
Reforms Critical For Ukraine to Improve Living Standards
Ukraine should implement a series of urgent economic reforms in the near future to enable it to achieve strong economic growth and create good quality jobs in the next few years, says a new World Bank Economic Update for Ukraine. Delaying the reforms...
World Bank Advises on How to Improve Innovation Strategies for Smart Specialization in Poland
The World Bank launched the “Review of national and regional research and innovation strategies for smart specialization (RIS3) in Poland” report at the Ministry of Infrastructure and Development. The main goal of the Review is to provide insights on...
Myanmar secures US$55 million in financing to support modernization of public finance system
The World Bank’s Board of Executive Directors approved a US$30 million credit from the International Development Association (IDA) for Myanmar’s Modernization of Public Finance Management Project. The Australian government (US$8.5 million) and the UK’...
Up to $2.5 Trillion Needed for South Asia Infrastructure-World Bank
South Asia can use public and private investment to plug the infrastructure gap.
