Finance & Economics

Unemployment Rates, OECD - Updated: September 2020

The OECD area unemployment rate fell to 7.7% in July 2020, from 8.0% in June, but remained 2.5 percentage points above the rate in February, before the COVID-19 pandemic hit the labour market. The monthly fall for the OECD as a whole masks strong...

Countries must do more to ensure sustainable development of ocean activities

Countries need to work together to defend the ocean from a steady rise in temperature, pollution and overfishing that threatens its ability to continue supporting marine life and providing food and income to billions of people, according to a new OECD...

US$10.85 Million additional grant to support learning and build resilient education sector in Nepal amid COVID-19 crisis

The Government of Nepal and the World Bank signed, on September 4, a financing agreement for an additional grant of US$10.85 million to the School Sector Development Program (SSDP) to maintain access to basic education and continued learning for...

Madagascar: World Bank Provides $75 Million to Mitigate the Impacts of COVID-19 and Support Recovery

The World Bank Board of Directors recently approved a US$75 million development policy operation for Madagascar to mitigate the impact of the COVID-19 crisis.

World Bank Approves $86 Million to Improve Access to Financial Services for Micro, Small and Medium Enterprises in Malawi

The World Bank Board of Executive Directors recently approved an $86 million credit for the Malawi government to increase access to financial services and promote the entrepreneurship and capabilities of micro, small, and medium enterprises (MSMEs) in...

US, Mexico to Hold Talks on Fruit and Vegetable Trade

The United States and Mexico plan to hold talks within 90 days to discuss U.S. concerns that imports of Mexican fruits and vegetables could be harming U.S. farmers.

IMF Executive Board Completes Fifth Review Under the Extended Credit Facility Arrangement for the Islamic Republic of Mauritania, Approves Augmentation and US$52 Million Disbursement

On September 2th, the Executive Board of the International Monetary Fund (IMF) completed the fifth review under the three-year Extended Credit Facility (ECF) arrangement for the Islamic Republic of Mauritania.

International trade statistics: trends in second quarter 2020


GDP Growth - Second quarter of 2020, OECD

ollowing the introduction of COVID-19 containment measures across the world since March 2020, real gross domestic product (GDP) in the OECD area showed an unprecedented fall, by (minus) 9.8%, in the second quarter of 2020, according to provisional...

EUR 150 million EIB backing for Irish smart meter rollout