New Climate Innovation Center launched to jumpstart clean-tech and climate-smart agriculture ventures in Ethiopia
A new World Bank–supported business hub, the Ethiopia Climate Innovation Center (ECIC), was launched in Addis Ababa to support pioneering clean technology enterprises that address climate change while creating jobs and improving livelihoods. First of...
New World Bank Study Details Manipulation of Regulations by Former Tunisian Regime Officials
Tunisia’s former regime used existing regulations and created new ones to benefit family members and those close to the regime. Regulations were manipulated to such an extent that by the end of 2010 this group of privileged insiders was capturing over...
World Bank Group Invests in Energy Trade between Tajikistan and South Asia
The World Bank Group’s Board of Directors approved US$ 526.5 million in grant and credit financing for the Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) for four countries: Afghanistan, Kyrgyz Republic, Pakistan, and...
Statement at the Conclusion of an IMF Mission on Zimbabwe
An International Monetary Fund (IMF) staff mission, led by Mr. Alfredo Cuevas, met with the Zimbabwean authorities in Harare during March 12-26, 2014, to hold discussions on the 2014 Article IV Consultation and the combined first and second reviews...
IMF Announces Staff Level Agreement with Ukraine on US$14-18 Billion Stand-By Arrangement
An International Monetary Fund (IMF) mission worked in Kyiv during March 4-25, to assess the current economic situation and discuss the authorities’ economic reform program that could be supported by the IMF.
Study: the value of more Europe
Europe’s economy could be boosted by €800 billion – equivalent to 6% of current GDP – if more action is undertaken at EU level, according to a study by the European Parliament. Creating a digital single market alone would generate an additional €260...
Russian Economic Report 31: Confidence Crisis Exposes Economic Weakness
Russia’s economy is navigating an economic downturn with real GDP growth slowing to an estimated 1.3 percent in 2013 from 3.4 percent of 2012. The lack of more comprehensive structural reforms has led to the erosion in businesses’ and consumers’...
Poor Economy Forces Ukraine Miners into Illegal Operations
The Donbass coal field in eastern Ukraine is a huge reserve that once made this region one of the most powerful in the former Soviet Union. But with the collapse of the Soviet empire, industrial production has declined, forcing many local people to...
World Bank Injects New Funding To Kenya’s Transport Sector
The World Bank has approved new funding for the emergency reconstruction of Kenya’s Jomo Kenyatta International Airport, which suffered a major fire disaster in August last year.
IMF Releases Results of June 2013 Coordinated Portfolio Investment Survey
As part of ongoing efforts to address data gaps highlighted by the financial crisis, the International Monetary Fund (IMF) released results from its first end-June Coordinated Portfolio Investment Survey (CPIS). The CPIS is the only global survey of...
