Finance & Economics | WPN World People News

On December 15, 2017, the Executive Board of the International Monetary Fund (IMF) completed the first and second reviews of Mongolia’s performance under the program supported by a three-year extended arrangement under the Extended Fund Facility (EFF). Completion of the review enables Mongolia to draw the equivalent of SDR 55.912 million (about US$ 79.1 million), bringing total disbursements under the arrangement to SDR 83.868 million (about US$ 118.6 million).

On December 15, the World Bank Board of Executive Directors approved US$ 15 million in additional financing to support the ongoing Agriculture Commercialization Project in Tajikistan. The project aims to expand opportunities for Tajik farmers and enterprises to increase productivity and access to domestic and international markets.

A staff team from the International Monetary Fund, led by Michel Lazare, visited Mozambique during November 30-December 13, 2017 to complete discussions under the 2017 Article IV Consultation.

Growth in Malaysia accelerated through 2017 with year-on-year growth projected at 5.8 percent — the country’s highest annual growth rate since 2014 – and expected to remain strong, projected at 5.2 percent for 2018, reports the latest Malaysia Economic Monitor, launched today by the World Bank.

An International Monetary Fund (IMF) mission led by Mr. Björn Rother visited Tunis from November 30 to December 13, 2017, to complete the 2017 Article IV consultation and conduct the second review of Tunisia’s economic program supported by the four-year IMF Extended Fund Facility (EFF) approved in May 2016.

An International Monetary Fund (IMF) team led by Mr. Chris Jarvis visited Beirut from December 6 to 13, 2017 to take stock of recent economic and financial developments in Lebanon, assess the economic outlook, and discuss policy priorities.

The European Commission has announced 13 new actions worth €174.4 million under the EU Emergency Trust Fund for Africa to support refugees and host communities in the Horn of Africa region, on December 12.

On December 12, we mark international anti-corruption day. Corruption remains one of the main threats to securing a prosperous future for Bosnia and Herzegovina (BiH). The citizens of BiH have the basic human right to live in a corruption-free society. Corruption-free public institutions are needed to restore trust, improve governmental services, attract investors and remove barriers to economic development.