Finance & Economics

World Bank Provides $400 million to Upgrade Bangladesh’s Embankment System

The World Bank approved $375 million in concessional financing and $25 million in a grant to Bangladesh to increase the resilience of the coastal population to climate change induced flooding and other natural disasters.

New assessment of African government policies and institutions finds uneven performance, governance remains a challenge

The latest World Bank review of policies and institutions in Sub-Saharan Africa shows an overall stable environment for growth and poverty reduction despite divergence across countries.

Is the U.S. Finally Ready To Overthrow British Banking?

With the emergence of the best known face of British banking in America, JPMorgan Chase, to fight in its own name against the reinstitution of Glass-Steagall banking separation, the battle for reviving that vital FDR measure has undergone a crucial...

Members of European Parliament reach informal deal on EU funding for infrastructure projects

Members of European Parliament provisionally agreed rules on the "Connecting Europe Facility" (CEF) – the EU's mechanism to fund infrastructure projects for trans-European transport, energy and telecoms networks – with the Irish Presidency of Council...

Eligibility of marketable debt instruments issued or guaranteed by the Republic of Cyprus

The Governing Council of the European Central Bank (ECB) has decided to temporarily suspend the eligibility of marketable debt instruments issued or fully guaranteed by the Republic of Cyprus for use as collateral in Eurosystem monetary policy...

World Bank Approves Development Policy Credit to Strengthen Nepal’s Financial Sector

The World Bank has approved a $30 million credit to help Nepal accelerate its financial sector reform program to reduce vulnerability of the banking sector and increase its transparency.

Agreement reached on austerity measures and reforms for European civil service

Representatives of the Member States endorsed a package of austerity measures and reforms for the European civil service which will save €2.7 billion by 2020, and €1.5 billion a year in the long term.

Irish Presidency achieves agreement on new support programme for education, training, youth and sport.

Over 4 million people to benefit from EU grants for education and training over next seven years.

Public Services Day: Support global tax justice to pay for better public services

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Economic and Social Policy commission calls for flexibility on regional state aid for car industry

The members of the Commission for Economic and Social Policy (ECOS) of the Committee of the Regions (CoR) have called for the easing of current restrictions on regional state aid for the automotive sector. In view of difficulties caused by the...