Finance & Economics

The Conclusion of an IMF Staff Mission to Armenia

An International Monetary Fund (IMF) mission led by Mark Horton visited Yerevan during December 9-18 to continue discussions on a possible new 38-months Extended Fund Facility (EFF) arrangement.

Armenia Ratifies Russian Gas Deal Despite Protests

The Armenian parliament has ratified a controversial natural gas agreement with Russia, despite widespread protests by the opposition.

World Bank Assists Montenegro with Energy Savings

The World Bank’s Board of Executive Directors approved a EUR 5 million (US$6.8 million equivalent) Additional Financing for the Energy Efficiency Project in Montenegro.

The Conclusion of an IMF Mission to Chad

An International Monetary Fund (IMF) mission led by Mr. Mauricio Villafuerte visited N’Djamena during December 9 - 19, 2013 to conduct consultations under Article IV of the IMF Articles of Agreement and assess performance under the Staff Monitored...

IMF Completes Second Review Under Extended Fund Facility Arrangement for Cyprus and Approves €83.5 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) completed the second review of Cyprus’s performance under an economic program supported by a three-year, SDR 891 million (about €1 billion, or US$1.4 billion) Extended Fund Facility (EFF)...

IMF Executive Board Completes Sixth Review of Policy Support Instrument for Senegal

The Executive Board of the International Monetary Fund (IMF) completed the sixth review of Senegal’s economic performance under the program supported by the Policy Support Instrument (PSI).

EU Chief Negotiator says EU-US trade deal not about deregulation, as third round of talks end in Washington

The EU and US concluded the third round of week-long negotiations for the Transatlantic Trade and Investment Partnership (TTIP), with the EU's Chief Negotiator Ignacio Garcia Bercero again stressing that any deal would uphold "the highest standards of...

IMF Executive Board Concludes 2013 Article IV Consultation, First Post-Program Monitoring, and Ex Post Evaluation of Exceptional Access with Ukraine

On December 16, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the 2013 Article IV consultation and the first Post Program Monitoring Review, as well as the Ex Post Evaluation of Exceptional Access under the 2010 Stand-By...

IMF Executive Board Completes First Review Under the Extended Fund Facility Arrangement for Pakistan and Approves US$553.3 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) completed the first review of Pakistan’s economic performance under a three-year program supported by an arrangement under the Extended Fund Facility (EFF). The completion of the review...

Afghanistan: “The road towards greater stability will be long and challenging”

Afghanistan is braced for an uncertain future once NATO and ISAF troops withdraw from 2014. The EU and its international partners will play an important role in ensuring the troubled country continues its transformation into a democratic state with a...