Finance & Economics | WPN World People News

The World Bank Board on April 12, approved a US$116.20 million loan for the Madhya Pradesh Urban Development Project to strengthen the financial and administrative capacity of the Madhya Pradesh Urban Development Company Ltd (MPUDC). MPUDC will serve as a nodal implementing agency for the state and support Urban Local Bodies (ULBs) to implement citywide infrastructure improvement projects.

A staff team from the International Monetary Fund (IMF), led by Mr. Ali Mansoor, visited Dakar from March 30 through April 12, 2017, to engage in discussions as part of the fourth review of the three-year arrangement under the Policy Support Instrument (PSI) approved in June 2015.

The Philippines is likely to grow close to 7 percent in the next two to three years, and will remain a top performer in the East Asia and Pacific Region, according to the World Bank Philippines Economic Update released on April 11th.

On March 20, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Qatar.

Qatar has been implementing an ambitious diversification strategy, while strengthening its policy framework.

An International Monetary Fund (IMF) mission led by Ms. Padamja Khandelwal visited Manama from March 12–23, 2017 for discussions on the 2017 Article IV consultation. Subject to management approval, the findings of the mission will be presented to the Executive Board for consideration in June 2017.

The European Commission and leading International Financial Institutions (IFIs) are on a joint mission in Tunis to agree policy priorities and sustainable investment solutions for energy efficiency. The joint mission is part of wider efforts to increase support for energy efficiency policies and investments in buildings in the EU's enlargement and neighbourhood regions. Four pilot countries have been selected: Tunisia, Georgia, Ukraine and Serbia. The initiative aims to move away from individual projects to a comprehensive approach that supports concrete policy actions and scales up sustainable investments. After concluding missions in all selected countries, the European Commission together IFIs will identify priority areas for support of energy efficiency measures in buildings, public and private.

The Executive Board of the International Monetary Fund (IMF) on April 7 approved a three-year arrangement under the Extended Credit Facility (ECF) for Benin for an amount equivalent to SDR111.42 million (about US$ 151.03 million, or 90 percent of Benin’s quota) to support the country’s economic and financial reform program.

On February 22, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Djibouti.