World Bank Helps Improve Bridge Connectivity and Access in Nepal
The World Bank, on September 26, approved a $133 million credit to help Nepal construct and maintain safe, resilient and cost-effective bridges on its Strategic Roads Network. The Strategic Roads Network comprises Nepal’s transport backbone and...
World Bank Group Commits $1 Billion for Battery Storage to Ramp Up Renewable Energy Globally
In a major announcement at the One Planet Summit here, on September 26, the World Bank Group committed $1 billion for a new global program to accelerate investments in battery storage for energy systems in developing and middle-income countries. The...
IMF Staff Reviews Progress of Madagascar’s Economic Program
A team from the International Monetary Fund (IMF) led by Marshall Mills, Mission Chief for Madagascar, visited Antananarivo and Toamasina on September 12-26, 2018. The team held discussions with the authorities on the fourth review of Madagascar’s...
IMF and Argentina Authorities Reach Staff-Level Agreement on First Review Under the Stand-By Arrangement
The International Monetary Fund staff and Argentina authorities have reached an agreement on a set of strengthened economic policies that will underpin the 36-month Stand-By Arrangement (SBA) approved on June 20, 2018.
IMF Staff Completes 2018 Article IV Mission to the Federal Republic of Ethiopia
An International Monetary Fund (IMF) staff team led by Mr. Julio Escolano visited Addis Ababa from September 10 to 26, 2018 to conduct the 2018 Article IV consultation discussions with Ethiopia.
Global leaders and companies pledge to reduce the gender pay gap by 2030
On September 26, global leaders from governments, private sector companies, trade unions and civil society pledged to take concrete action towards closing the gender pay gap by 2030. The global commitments – to ensure women in every sector of the...
World Bank Announces New Global Fund for Healthy Oceans
The World Bank Group announced on Wednesday the creation of PROBLUE, a new multi-donor trust fund that will support healthy and productive oceans by tackling marine pollution, managing fisheries and fostering the sustainable growth of coastal...
Labor, Taxation, and Social Policies Must Be Upgraded to Address the Occupational Transformation in Georgia, Says World Bank
Labor, taxation and social welfare policies in Georgia and other countries around Europe and Central Asia must be brought into the 21st century to tackle rising inequality between groups and help workers effectively manage growing inequality and...
No improvement in respect for EU values: MEPs cut support for Turkey by €70m
Last November, during the budgetary negotiations, Parliament and Council decided to place in reserve €70 million in pre-accession funds for Turkey (€70m in commitment appropriations and €35m in payment appropriations), under the condition that “Turkey...
FSB and IMF publish the 2018 Progress Report on G20 Data Gaps Initiative
The Financial Stability Board (FSB) and International Monetary Fund (IMF), on September 25, published the third progress report on the implementation of the second phase of the G20 Data Gaps Initiative (DGI-2).
