‘Friends of Yemen’ Committed to Support Next Stage of Yemen Transition
The sixth ministerial level meeting of the ‘Friends of Yemen’ commended Yemen’s political and economic achievements despite challenging circumstances. Yemen’s partners eagerly anticipate the conclusion of the National Dialogue, the critical political...
CAP reform deal: MEPs ensure significant improvements in future farm policy
Parliament and Council negotiators reached a deal Tuesday evening on outstanding Common Agricultural Policy (CAP) reform issues such as co-financing rates for rural development and cuts to payments to big farms, after the Council showed flexibility on...
Lebanon Straining under Multiple Shocks from Syrian Crisis
Dr. Jim Yong Kim, President of the World Bank Group, met with Michel Sleiman, the President of Lebanon, to begin work on a plan for coping with the spillovers from the fighting in Syria.
Klaus Regling quizzed about wider lending role for European Stability Mechanism
The European Stability Mechanism's current legal setup would not allow it to become a "backstop" lender to a newly-created EU bank resolution fund, ESM Managing Director Klaus Regling told Economic and Monetary Affairs Committee MEPs on Tuesday.
Turning lights on in Myanmar
The World Bank will support the installation of a modern, high-efficiency power plant in Mon State, as part of Myanmar’s power expansion plan and the cornerstone of the World Bank Group’s support for Myanmar’s energy sector.
MEPs raise suspension of EU-US bank data deal
MEPs raised the possibility of suspending or even terminating the EU-US Terrorist Finance Tracking Programme (TFTP), during the discussion on Tuesday about the NSA's alleged tapping of the SWIFT company's international bank-transfer data at the Civil...
Nigerian Economy Gaining on Regional Heavyweight South Africa
While South Africa remains the most appealing investment destination on the African continent, the economy of the continent's most populous nation, Nigeria, is growing quickly. A new survey from a major South African bank predicts that, within the...
India can Build Competitive and Sustainable Cities, Says new World Bank Report
Rural areas adjacent to India’s major metropolitan cities are witnessing faster economic growth and higher employment generation than the mega-cities themselves, says a new World Bank report. Examining the phenomenon of rapid “suburbanization” that...
The new World Bank report says fostering high-growth entrepreneurship and innovation is paramount to job creation and sustainable growth in Georgia
The World Bank released its new report on Fostering Entrepreneurship in Georgia.The report presents the results of a survey of micro, small and medium companies in Georgia, and analyzes factors that inhibit growth of entrepreneurial and innovative...
Banking union tops agenda in discussion with Draghi
The practical details of setting up a single bank resolution system and fund, the upcoming bank balance sheet health checks and next steps for Greece were the key issues Economic and Monetary Affairs Committee MEPs raised with European Central Bank...
