Finance & Economics | WPN World People News

The staff-level agreement is subject to the completion of a prior action by the authorities and the approval of the IMF Executive Board, which is expected to be considered in June 2017

A new World Bank report launched on May 4th states, that Latin America and the Caribbean has significant potential to increase Public-Private Partnerships (PPPs) to help close its infrastructure gap. However, to achieve that the region should move beyond the common perception that PPPs are mainly an instrument to tackle fiscal constraints, and maximize their potential impacts on infrastructure quality, spending efficiency and transparency.

The International Monetary Fund (IMF) published a Fiscal Transparency Evaluation (FTE) report for Brazil today. This evaluation assesses Brazil’s fiscal transparency practices based on the IMF’s Fiscal Transparency Code, and was carried out at the request of the Brazil authorities.

Growth is slightly improving in the countries of the Middle East and North Africa region, largely driven by higher oil prices and improved export prospects, says the IMF's latest regional economic assessment.

Private security companies must respect minimum requirements on accountability, the screening of staff and reporting on misconduct, while staying away from tasks usually reserved for the military said committee MEPs on Tuesday.

Debt relief for Greece will be looked into at the next Eurogroup meeting on 22 May, according to Jeroen Dijsselbloem. The president of the informal body of the eurozone's finance ministers made the announcement during a plenary debate in Parliament on 27 April. He also apologised to MEPs about recent remarks that proved controversial.

The World Bank’s Board of Executive Directors on May 2th, approved a US$ 150 million loan for the Access to Long Term Finance Project that will support Ukraine’s export-oriented small and medium enterprises (SMEs).

On April 28, 2017, the Executive Board of the International Monetary Fund (IMF) completed the First Reviews under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) Arrangements for the Republic of Moldova on a lapse-of-time basis. The ECF/EFF arrangements in a total amount of SDR 129.4 million (about US$178.7 million, or 75 percent of the Republic of Moldova’s quota) was approved on November 7, 2016.

On March 15, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Malaysia.

The World Bank's Board of Executive Directors, on April 28th, approved a EUR 47.2 million development policy operation for Georgia to support the Government’s economic reform program in key areas. This is the second Inclusive Growth Programmatic Development Policy Operation for Georgia (DPO2).