Finance & Economics

IMF Staff Concludes Visit to Ghana

A team from the International Monetary Fund (IMF), led by Annalisa Fedelino, visited Accra from June 20-26, 2018, to discuss recent economic developments and the outlook for the remainder of the year, and take stock of performance to date under the...

Trump Promises to 'Even Out' Auto Industry Trade Imbalance

U.S. President Donald Trump tweeted Tuesday that the government is finishing a study of tariffs on cars imported to the United States, while a U.S. automobile manufacturers' group warned that placing new tariffs on imported cars will drive consumer...

EU high-speed rail: an ineffective patchwork of lines without realistic long-term plan, say Auditors

The EU’s current long-term plan for high-speed rail is unlikely to be achieved and there is no solid EU-wide strategic approach, according to a new report from the European Court of Auditors.

Czech Republic: IMF Executive Board Concludes 2018 Article IV Consultation

On June 22, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Czech Republic.

Republic of Lithuania: IMF Executive Board Concludes Article IV Consultation

On June 20, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Lithuania.

The economy picked up steam in 2017, following two years of sluggish growth. Real GDP expanded...

Stocks Sink as Trade Wars Loom

U.S. President Donald Trump on Monday again called for better trade terms with the European Union and Canada, while saying the United States needs greater trade balance with China.

ARTF Steering Committee Approves Three-Year Partnership Framework and Financing Program

The Afghanistan Reconstruction Trust Fund (ARTF), the largest source of on-budget financing for Afghanistan’s development, will continue to support the government’s poverty reduction, service delivery and inclusive growth efforts, contributing up to $...

Iranian Merchants Hold Rare Protest in Capital's Grand Bazaar

Iranian merchants in the capital's Grand Bazaar held a rare protest Monday against the plummeting value of Iran's currency, the rial, as other demonstrators also took to the streets.

IMF Executive Board Completes First Review Under the Extended Credit Facility and Approves US$24.3Million Disbursement for Guinea

On June 25, 2018, the Executive Board of the International Monetary Fund (IMF) completed the first review of Guinea’s economic performance under the program supported by an Extended Credit Facility (ECF). Completion of this review enables the...

Providing finance to Egyptian SMEs: EIB and Bank of Alexandria sign a EUR 20 million loan in support of local private sector

The European Investment Bank (EIB) and Bank of Alexandria (ALEXBANK) signed a financing agreement for EUR 20 million to support small and medium-sized enterprises (SMEs) and midcaps in Egypt. The operation comes under the EIB’s Economic Resilience...