Tonga to Receive US $1.27 Million Payout for Cyclone Response
The World Bank announced that Tonga will be the first country to benefit from a payout under the Pacific Catastrophe Risk Insurance Pilot and will receive an immediate payment of US $1.27 million towards recovery from Cyclone Ian.
IMF Executive Board Concludes 2013 Article IV Consultation with Solomon Islands
On January 8, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the 2013 Article IV Consultation with Solomon Islands. On the same day, the Executive Board also completed the second review under the Extended Credit Facility...
IMF Executive Board Concludes 2013 Article IV Consultation with Solomon Islands
On January 8, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the 2013 Article IV Consultation with Solomon Islands. On the same day, the Executive Board also completed the second review under the Extended Credit Facility...
Kenya Achieves Significant Results in Health Services Delivery
An estimated 39.5 million Kenyans have benefited from better health and nutrition services being provided by the Government with the support of the World Bank and other development partners. More than half of these beneficiaries were females,...
IMF Executive Board Concludes 2013 Article IV Consultation with the Republic of Korea
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Korea.
GDP growth has bottomed in 2013 after slowing sharply in 2012. The economy expanded by 1.1 percent in Q2 and Q3 2013,...
World Bank Supports Vietnam to Improve Social Assistance Programs
The World Bank’s Board of Executive Directors approved a credit of US$60 million to help strengthen Vietnam’s social assistance system by developing innovations in management and service delivery nationwide, and piloting these innovations in four...
Statement by the IMF Mission to Myanmar for the Second Review of Staff-Monitored Program
An International Monetary Fund (IMF) team led by Mr. Matt Davies visited Myanmar during January 9–21, 2014 for the second and final review of the Staff- Monitored Program (SMP) for 2013.1
Latin America: Tax revenues continue to rise, but are low and varied among countries, according to new OECD-ECLAC-CIAT report
Tax revenues in Latin American countries continue to rise but are lower as a proportion of their national incomes than in most OECD countries. The publication Revenue Statistics in Latin America 1990-2012 (third edition) shows that the average tax...
Employment situation, third quarter 2013, OECD
The OECD area employment rate in the third quarter of 2013 – defined as the share of people of working-age who are in employment – increased for the second consecutive quarter (by 0.1 percentage point to 65.2%).
An IMF Staff Visit to Swaziland
A mission of the International Monetary Fund (IMF) visited the Kingdom of Swaziland during January 13‒21, 2014. The mission discussed macroeconomic developments, the preliminary fiscal framework for 2014/15, and the authorities’ policy priorities,...
