Finance & Economics

Ukraine: Council endorses agreement on a further €1bn in loans

On 29 May 2018, EU ambassadors endorsed, on behalf of the Council, an agreement with the European Parliament on a new package of macro-financial assistance for Ukraine.

G20 international merchandise trade at new highs in first quarter of 2018

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New Support for Irrigated Agriculture in Tunisia to Conserve Water and Create Opportunities

The World Bank, on May 29, announced a US$140 million project to support the Tunisian government’s focus on irrigated agriculture as a means of managing scarce water resources while creating economic opportunities, especially in underdeveloped rural regions.

EU Trust Fund for Africa: new programmes worth €173 million to protect migrants and support stability and employability in the Sahel and Lake Chad region

On May 29, the Operational Committee of the EU Emergency Trust Fund for Africa has adopted a new set of 6 programmes for the Sahel and Lake Chad region.

IMF Staff Completes 2018 Article IV Mission to China

An International Monetary Fund (IMF) team, led by Mr. James Daniel, Assistant Director of the Asia and Pacific Department, visited Beijing and Shenzhen from May 17 to 30, 2018, to conduct discussions on the annual Article IV review of the Chinese economy.

Peru to join two major OECD Conventions:Anti-Bribery Convention and multilateral Convention on Mutual Administrative Assistance in Tax Matters

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Land Salzburg: Austria fined for misreporting government debt data

On 28 May 2018, the Council imposed on Austria a fine of €26.82 million due to the manipulation of debt data in Salzburg state (Land Salzburg).

IMF Executive Board Concludes 2018 Article IV Consultation with Kingdom of the Netherlands - Netherlands

On May 23, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Netherlands.

Foreign investment to be screened to protect EU countries’ strategic interests

New tools to check that foreign investment in EU countries does not threaten their security or public order were approved by the Trade Committee on Monday.

World Bank Supports Safety of Hydroelectric Dams in Albania and Enhanced Connectivity in Regional Power Market

The World Bank’s Board of Executive Directors, on May 25, approved a Euro12 million of Additional Financing for Dam Safety Project for Albania. The project will enhance the support to safeguarding the hydroelectric dams on the Drin and Mat river cascades in Albania, and improve the operational efficiency of these dams and enhance the stability of the power supply in the regional market.