Finance & Economics
IMF Executive Board Approves Indonesia’s 2017 Financial System Stability Assessment
On May 24, 2017, the Executive Board of the International Monetary Fund (IMF) discussed the Financial System Stability Assessment (FSSA) of Indonesia.
Since the 2010 Financial Sector Assessment Program (FSAP), Indonesia’s macroeconomic performance has been robust and the financial system has been stable. The financial system has weathered well a simultaneous economic and credit deceleration. Corporate vulnerabilities have remained broadly in check, though debt at risk is elevated in some sectors and external refinancing risk persists.
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World Bank Approves $53 Million to Improve Urban Infrastructure in Lao Cai and Phu Ly cities
The World Bank’s Board of Executive Directors approved $53 million to support infrastructure development in Lao Cai and Phu Ly, two emerging middle cities in northern Vietnam, on June 9th.
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World Bank to Support Mongolia’s Efforts to Improve Fiscal and Financial Stability
The World Bank approved $12 million in financing to help strengthen fiscal and financial stability in Mongolia at a critical juncture for the country’s economy, on June 9th.
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A stronger reshaped CAP can better serve farmers and the environment
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IDA Aims to Boost Niger’s Economy, Support a Vibrant Private Sector
World Bank Group Vice President of Development Finance, Axel van Trotsenburg, on June 9th, met with government officials in Niamey to discuss opportunities for the country to access significantly higher levels of financing from the International Development Association (IDA).
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IMF Staff Concludes Visit to Zambia
An International Monetary Fund (IMF) staff team led by Tsidi Tsikata visited Zambia during May 31-June 10, to continue discussions on the 2017 Article IV consultation and the authorities’ request for an IMF-supported program.
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Moldova to Enhance Climate Adaptation Capacity, with World Bank Support
The World Bank’s Board of Executive Directors on June 9th, approved US$27.2 million in financing to the Republic of Moldova for the Climate Adaptation Project, which will help Moldovans to protect their farms, forests and pastures from climate change in specific zones, and strengthen national disaster management systems.
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IMF Executive Board Concludes First Post-Program Monitoring Discussion with Cyprus
On June 7, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the first Post-Program Monitoring Discussion with Cyprus.
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Jamaica: WB Approves US$70M to Support Fiscal Sustainability and Competitiveness
The World Bank Board of Executive Directors approved a US$70 million Development Policy Loan to support Jamaica’s efforts to improve the investment climate and sustain fiscal and public financial management, on June 8th.
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IMF Executive Board Concludes 2017 Article IV Consultation with Bangladesh
On May 26, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV Consultation with Bangladesh, and considered and endorsed the staff appraisal without a meeting.
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Human Rights
Ringing FOWPAL’s Peace Bell for the World:Nobel Peace Prize Laureates’ Visions and Actions
Protecting the World’s Cultural Diversity for a Sustainable Future
The Peace Bell Resonates at the 27th Eurasian Economic Summit
Declaration of World Day of the Power of Hope Endorsed by People in 158 Nations
Puppet Show I International Friendship Day 2020