Finance & Economics | WPN World People News

On November 18, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cameroon.
The economy has shown resilience in the face of the twin shocks of the oil price slump and heightened security threats, with the robust growth of 2014 continuing into 2015. Growth is broad-based and projected to reach 5.9 percent in 2015, buoyed by increased oil production and the performance of sectors benefiting from the ongoing public investment boom.

On November 23, 2015, the Executive Board of the International Monetary Fund (IMF) completed its review of Mexico’s qualification for the arrangement under the Flexible Credit Line (FCL) and reaffirmed Mexico’s continued qualification to access FCL resources. The Mexican authorities stated their intention to continue treating the arrangement as precautionary.

The International Monetary Fund (IMF) Technical Assistance Office for the Lao People’s Democratic Republic and the Republic of the Union of Myanmar (TAOLAM) continues to expand the breadth and reach of its activities through a range of tailor-made capacity building projects. They mainly aim at strengthening macroeconomic frameworks, monetary and fiscal operations, and macro-statistics in the beneficiary countries in support of their own reform priorities.

Over the last decade, Ethiopia has made remarkable progress in its economic growth exceeding other low income and Sub-Saharan African countries, with real gross domestic product (GDP) growth averaging 10.9 percent in 2004-2014. Ethiopia has moved from the second poorest in the world in 2000 and, if it can keep the current pace, it’s on its way towards becoming a middle income country by 2025.

An International Monetary Fund (IMF) mission visited Moscow during November 16–20, 2015, to discuss the economic outlook and related policies.

A mission from the International Monetary Fund (IMF) headed by Aliona Cebotari visited Santo Domingo during November 10-20, 2015, to conduct Article IV discussions.1 The mission met with government and Central Bank officials, representatives of civil society, and the private sector. It exchanged views on economic developments and outlook, as well as policy challenges going forward.

At the invitation of the authorities, an International Monetary Fund (IMF) team led by Tsidi Tsikata visited Zambia during November 11–20 to review recent economic developments and discuss the authorities’ policy responses to the macroeconomic challenges currently facing the country.

The World Bank on Friday disclosed the findings of the Third Party Monitoring of the use of child and forced labor during the 2015 cotton harvest in Uzbekistan with particular focus on areas where specific projects supported by the World Bank are implemented. The monitoring, conducted by the International labor Office (ILO), has not found conclusive information that beneficiaries of World Bank-supported projects used child or forced labor during the 2015 cotton harvest.

On 20 November, the European Commission published the second edition of the "EU Transport Scoreboard", a benchmark which compares how Member States perform in 29 categories covering all aspects of transport. The objective of the Scoreboard is to help Member States to identify areas requiring priority investments and actions, in order to create a Single European Transport Area with high standards, notably in terms of sustainability. This is essential to the deepening of the internal market and to the shift towards a low-carbon economy, two priorities of the Commission.

The World Bank Thursday approved a US$15 million IDA* credit to help the Government of the Republic of Togo strengthen its capacity to manage the mineral resources in an environmentally, socially and economically sustainable manner.