Finance & Economics | WPN World People News

The World Bank’s recent Sustainable Development Bonds have helped to raise awareness for the importance of combating food loss and waste. Food loss and waste is part of Sustainable Development Goal 12.3 - halving food waste by 2030.

On December 6, 2019, the Executive Board of the International Monetary Fund (IMF) completed the sixth review under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) Arrangements and approved the request to extend the IMF support to the end of 2020 and increase Côte d'Ivoire access to SDR 843.972 million (about US$1,1163.6 million or 129.8 percent of Cote d’Ivoire’s quota).

The Board of Executive Directors of the World Bank Group (WBG) on December 5, discussed the Country Partnership Framework (CPF) for China for FY2020 to 2025 and expressed broad support for the WBG’s engagement in China’s structural and environmental reforms.

On December 5, 2019, the Executive Board of the International Monetary Fund (IMF) completed the Second Review of Angola’s economic program supported by an extended arrangement under the Extended Fund Facility (EFF). Completion of this review unlocks access to SDR 179 million (about US$247 million), bringing total disbursements under the extended arrangement to SDR 1.073 billion (about US$1.48 billion).

On November 27, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the 2019 Article IV consultation with Hungary.

Economic growth in the Gulf Cooperation Council (GCC) was significantly weakened in 2019 due to muted oil prices and excess oil supply, according to the new World Bank’s Gulf Economic Update released on December 4.

A team from the International Monetary Fund (IMF), led by Boriana Yontcheva, visited Bamako during November 19-29, 2019, to hold discussions on the first review of the economic and financial program supported by the IMF under the Extended Credit Facility (ECF).