Finance & Economics

Nigeria: World Bank Approves $150 Million to Enhance Mining Sector Contribution and Support Economic Diversification

The World Bank’s Board approved a $150 million credit to enhance the contribution of the mining sector to the Nigerian economy on April 14. The project will help establish a strong foundation for mining sector development and enhance competitiveness by improving information infrastructure and knowledge, strengthening of key government institutions, and fostering of domestic investment in the sector.

World Bank: Growth in East Asia & Pacific Likely to Remain Resilient

Report recommends that policy makers continue to address macroeconomic vulnerabilities, improve quality of public spending and promote integration to help the region sustain resilience

The outlook for developing East Asia is expected to remain broadly positive in the next three years, driven by robust domestic demand and a gradual recovery in the global economy and commodity prices, according to a new World Bank report. Poverty in the region is likely to continue to fall, driven by sustained growth and rising labor incomes.

IMF Staff Concludes Visit to The Gambia

An International Monetary Fund (IMF) mission, led by Mr. Ulrich Jacoby, visited Banjul from March 30 to April 12, 2017. The mission assessed the impact of exogenous shocks that have hit the Gambian economy recently and initiated discussions on providing IMF support through a Rapid Credit Facility (RCF).

OECD employment rate increases to 67.2% in the fourth quarter of 2016

QES-500-0417.fw__0.jpg

Latvia Needs Improved Tax System to Deliver Better Services to Its Citizens, Says World Bank

If Latvia wants to meet the rising expectations among its citizens for better public services, such as health, education and transportation, it should consider increasing revenues through improving its tax system, according to the World Bank.

IMF Staff Concludes Visit to Kenya

A team from the International Monetary Fund (IMF), led by Benedict Clements, visited Kenya from April 3 to 13, 2017, to conduct Article IV consultations and hold discussions on the second reviews under a precautionary Stand-By Arrangement and a Stand-By Credit Facility (SBA/SCF).

World Bank Approves $375 Million to Help India Develop its First Modern Waterway

The World Bank will support India as it sustainably develops its first modern inland water transport fairway on a 1,360 km-stretch of the Ganga river between Varanasi and the seaport of Haldia, bringing thousands of jobs in cargo logistics and transportation to one of the most populous regions in the country.

Japan: Boost employment and productivity to promote inclusive growth and meet demographic challenges

PR_ECO Survey_ Japon_2017_0.png

Kenya’s Economic Outlook to Dip in 2017

Kenya’s GDP growth is projected to decelerate to 5.5%, a 0.5 percentage point mark down from the 2016 forecast, according to the World Bank’s Kenya Economic Update (KEU) released in Nairobi on April 12th.

IMF Staff Concludes the Fifth and Final Review under the Extended Fund Facility Arrangement and the 2017 Article IV Visit to Armenia

An International Monetary Fund (IMF) team led by Hossein Samiei visited Yerevan during March 29–April 12 to conduct discussions for the Fifth and Final Review under the Extended Fund Facility (EFF) arrangement and the 2017 Article IV consultation.