Statement by the European Commission and the IMF on Cyprus
The objective of this liability management operation is to facilitate cash-flow management for the government and to ensure adequate funding at terms that support long-term public debt sustainability, an essential step towards Cyprus’s economic...
IMF Releases Data on the Currency Composition of Foreign Exchange Reserves with Additional Data on Australian and Canadian Dollar Reserves
The International Monetary Fund (IMF)released on its website the quarterly data on the currency composition of official foreign exchange reserves (COFER) with an expanded currency range, separately identifying two additional currencies—the Australian...
New unit to tackle online piracy and counterfeit crime said UK
A new police unit aimed at targeting intellectual property crime has been announced by Intellectual Property Minister, Lord Younger and City of London Police Commissioner, Adrian Leppard.
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. The Coastal Embankment...
World Bank Continues to Support Competitiveness of Croatia’s Economy
The World Bank’s Board of Executive Directors approved a Partial Credit Guarantee (PCG) of up to EUR200 million (US$256.40 million equivalent) to the Croatian Bank for Reconstruction and Development (HBOR) for commercial lending of up to EUR250...
New assessment of African government policies and institutions finds uneven performance, governance remains a challenge
The latest World Bank review of policies and institutions in Sub-Saharan Africa shows an overall stable environment for growth and poverty reduction despite divergence across countries.
A More Efficient Kyrgyz Electricity Sector Could Reduce the Power Deficit by Half
The World Bank’s Power Sector Chapter of the Public Expenditure Report was presented in Bishkek to describe the sector’s significant growth potential and the range of financial and operational challenges to the sector’s development.
WB/BRAZIL: One million people to benefit from Economic and Social Inclusion Program in the State of Rio Grande do Norte
More than one million poor people will benefit from the Rio Grande do Norte: Regional and Governance Project, funded by a US$ 360 million loan approved by the World Bank Board of Directors. The Project will support the RN State Government, located in...
The World Bank’s Rwanda Economic Update - Maintaining Momentum with a special focus on Rwanda’s Pathway out of Poverty
Swift and positive actions taken by the Government have successfully steered Rwanda towards a steady growth and positive outlook, says the Fourth Edition of the Rwanda Economic Update.
Norway should improve incentives to encourage people to work longer, says OECD
Norway is better placed to cope with population ageing than most other countries. But it could still do more to improve incentives and opportunities for people to stay working longer which would help ensure the country’s long-term future, according to...
