Finance & Economics

Sweden: EU further supports innovative battery technology through Nilar

* EIB provides EUR 47m loan to Swedish battery tech company Nilar International AB with backing from the EU’s InnovFin “Energy Demo Projects” guarantee programme.
* Financing will support Nilar in scaling up production of its unique and safe...

IMF Executive Board Approves an Additional US$101.96 Million Disbursement under the Rapid Credit Facility for Malawi to Address the COVID-19 Pandemic

The Executive Board of the International Monetary Fund (IMF) approved on October 2nd, a disbursement of SDR 72.31 million (US$101.96 million or 52.1 percent of quota) to Malawi under the Rapid Credit Facility (RCF).

IMF Executive Board Approves 27-month US$6.5 billion Extended Fund Facility for Ecuador

The Executive Board of the International Monetary Fund (IMF) approved on September 30, a 27-month extended arrangement under the Extended Fund Facility (EFF) for Ecuador, with access equivalent to SDR 4.615 billion (661 percent of quota, equivalent of...

Improved capital markets can help Portugal build a dynamic business sector and support its COVID-19 recovery

Despite the strong economic performance and sustained reform momentum over the past few years, Portugal entered the COVID-19 crisis with undersized capital markets. These markets must now be mobilised to support a resilient, dynamic and sustainable...

More efforts needed from governments, regulators and business to unlock full potential of sustainable finance

Governments and regulators should urgently work together to improve the data used for environmental, social and governance (ESG) investing, according to a new OECD report.

Protect the world from sliding into global recession, urges UN chief

The World Food Progamme is running preventive nutrition and treatment programmes in refugee...

Tax Inspectors Without Borders: supporting developing countries to increase tax revenues despite COVID-19 challenges
Customs Union: New Action Plan to further support EU customs in their vital role of protecting EU revenues, prosperity and security

The European Commission has on 28 Sept. 2020 launched a new Customs Union Action Plan setting out a series of measures to make EU customs smarter, more innovative and more efficient over the next four years. The announced measures will strengthen the...

UN and partners press for seafarers to be designated ‘key workers’ during COVID pandemic

Seafarers are on the front line of the COVID-19 pandemic, playing an essential role in...

Israel: keep supporting households and firms, and accelerate structural reforms to spur recovery from COVID-19