Reforms Should Continue To Shelter Moldova From External Risks And Ensure Inclusive Growth, Says World Bank
Moldova’s economy registered a record-high 8.9 percent GDP growth in 2013, driven by a good harvest year and increased private consumption fueled by remittances and wage growth. Despite this performance the economy remains vulnerable to risks linked...
Bank card charges: “Consumers will save hundreds of millions or even billions of euros”
The fees that banks charge for processing consumers’ payments in the EU could be capped at 0.3% of the transaction value for credit card transactions and at a maximum of seven euro cents for debit cards, under a proposal being voted on by MEPs on...
Business Unusual: Accelerating Job Creation in Egypt through Inclusive Lending
A new project will provide access to finance to Micro and Small Enterprises (MSEs) and promote sustainable private sector job creation across Egypt. The US$300 million loan approved by the World Bank’s Board of Executive Directors will open doors for...
World Bank President Sees $100 Billion Increase in Lending Ability to Help End Poverty
World Bank Group President Jim Yong Kim announced a series of measures aimed at strengthening the World Bank Group to better meet the evolving needs of clients, including a $100 billion increase in the lending capacity of the Bank’s lending arm for...
Budgets committee approves €5 million in aid to redundant workers in Spain and Italy
The European Globalisation Adjustment Fund contributes to packages of tailor-made services to help redundant workers find new jobs. The annual ceiling of the fund is €150 million.
Half a Million Belarusians Will Benefit from New Water Supply and Sanitation Project
The World Bank Group’s Board of Executive Directors approved a US$90 million loan to the Republic of Belarus for an additional financing to the ongoing Water Supply and Sanitation Project. The project helps to increase access to and improve the...
Sovereign borrowing set to fall in 2014, says OECD
British Government puts small business at the heart of the economy
Addressing the 40th annual FSB conference in Manchester, Minister Hancock will set out the steps the government is taking to link small and medium sized businesses with the development of policy.
World Bank Calls for Sustaining Reforms in Pakistan
Sri Mulyani Indrawati, Managing Director and Chief Operating Officer of the World Bank met with Prime Minister Nawaz Sharif to discuss Pakistan’s ongoing economic reform program, including a stronger focus on private sector involvement and other...
IMF Executive Board Concludes 2014 Article IV Consultation with St. Kitts and Nevis
St. Kitts and Nevis is recovering from a four-year economic recession, occasioned by the international financial crisis, the need to restore fiscal sustainability and restructure public debt. For 2013, real GDP is estimated to have grown by 1.7...
