Finance & Economics | WPN World People News

The World Bank’s Board of Executive Directors approved the first Indonesia Logistics Reform Development Policy Loan to enhance logistics and strengthen connectivity, on November 2. These are key to boosting growth and reducing poverty in this vast archipelagic nation.

An International Monetary Fund (IMF) team, led by Laure Redifer, visited Kigali from October 19-November 2, 2016 to carry out discussions with the Rwandan authorities on the sixth review of their economic and financial program supported by the IMF’s Policy Support Instrument (PSI) , and the first review of policies supported by the IMF’s Stand-by Credit Facility (SCF).

The World Bank has announced the start of the fifth round of Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) Insurance, along with the recent establishment of a new Cook Islands-based insurance company, called the PCRAFI Facility, which will deliver this innovative and competitive insurance.

Caribbean Prime Ministers, Finance Ministers and Central Bank Governors gathered in Port of Spain, on November 2, the capital of Trinidad and Tobago, for the fifth Caribbean Forum.

On October 21, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation with Vanuatu.

Vanuatu’s economy is gradually recovering from the extensive damages caused by Cyclone Pam, which hit the country in March 2015, and reconstruction efforts have started to yield positive results.

At the invitation of the authorities, an International Monetary Fund (IMF) team led by Tsidi Tsikata visited Zambia during October 19-31 to help assess the current economic situation and provide policy advice to restore macroeconomic stability and promote broad-based economic growth.

A team from the International Monetary Fund (IMF), led by Mauricio Villafuerte, visited Tanzania from October 18–28, 2016 and held discussions with the authorities on the fifth review under the Policy Support Instrument (PSI) program that was approved on July 16, 2014.

Kenya’s economy is projected to grow at 5.9 percent in 2016 up from 5.6 percent in 2015 according to the World Bank’s Kenya Economic Update (KEU) released in Nairobi on October 31.

The World Bank’s Board of Executive Directors approved a $95 million International Development Association (IDA) credit for the Rwanda Social Protection System (SPS-3) to support the Government’s efforts to improve efficiency, accountability and coverage of Rwanda’s social protection system.

The Executive Board of the International Monetary Fund (IMF) completed on October 28, 2016 the eighth and last review of Guinea’s economic program supported by an arrangement under the Extended Credit Facility (ECF).