Finance & Economics

Hungary joins the OECD Development Assistance Committee (DAC)

Hungary DAC-320x212_0.jpg
István Mikola, State Secretary for Security Policy
and International Cooperation at the Ministry of
Foreign Affairs of Hungary and Charlotte Petri Gornitzka,
Chair of the OECD DAC.

IMF Executive Board Completes Sixth Review Under ECF Arrangement for Sierra Leone and Approves US$33.23 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) on December 7 completed the sixth review of Sierra Leone’s performance under the economic program supported by an Extended Credit Facility (ECF) arrangement.

World Bank Group Launches its 5th Economic Update for Ethiopia

Over the past decade, Ethiopia has been one of the fastest growing economies in the world with growth averaging 10.9%. Despite recently facing the worst drought in fifty years, Ethiopia has remarkably been able to maintain positive growth.

Design of funded private pensions needs to be improved

Pensions-2016-HP_0.PNG

IMF Concludes Staff Visit to Nicaragua

A staff team from the International Monetary Fund (IMF) led by Gerardo Peraza visited Managua from November 29–December 5, 2016. The visit took place as part of a regular dialogue with the authorities in order to assess the performance of the Nicaraguan economy.

World Bank: Deepening Structural Reforms Crucial to Productivity-Led Growth in Vietnam

New report says Vietnam’s medium-term outlook remains favorable, but with significant domestic and external risks

Despite a fragile global environment, Vietnam’s economy remains resilient, thanks to robust domestic demand and export-oriented manufacturing, according to the World Bank’s latest Taking Stock report. Vietnam’s medium-term outlook remains favorable, with GDP expected to expand by 6 percent this year.

IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement

The Executive Board of the International Monetary Fund (IMF) on December 5 completed the first review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term. The Board also completed financing assurances review under the SBA.

Despite progress, transparent and efficient government procurement rules remain a global challenge: WBG report

Public procurement rules and practices remain inefficient in large swathes of the world, despite government efforts towards efficiency in delivering better services to their citizens, says the latest edition of the World Bank Group’s Benchmarking Public Procurement (BPP) report.

IMF Executive Board Completes Sixth Review Under Mali’s ECF and Approves US$25.8 Million Disbursement for Mali

On December 2, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the sixth review of Mali’s performance under an economic program supported by an Extended Credit Facility (ECF) arrangement.

IMF Executive Board Completes First and Second Reviews of Guinea-Bissau’s Arrangement Under the Extended Credit Facility, and Approves US$6.9 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the first and second reviews of Guinea-Bissau's economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. Completion of the reviews enables the disbursement of SDR 5.112 million (about US$6.9 million), bringing total disbursements under the arrangement to SDR 7.952 million (about US$10.8million).