Finance & Economics

Investment Plan for Europe: EIB support for wind farm off Belgian coast

186.000 households. After reaching its financial close on October 23, construction is set to begin in April next year. With 40% of the total EIB investment in the project proposed for a guarantee under EFSI, Nobelwind would be the largest project in Belgium under the “Investment Plan for Europe” to date.

UK announces new measures to eradicate gender pay inequality

David Cameron says "Opportunity is nothing without equality" as he announces steps to remove barriers to success in the workplace.

•new steps include forcing larger employers to publish information about their bonuses for men and women and extending plan for gender pay gap reporting
•announcement is part of wider plan to help women and black and minority ethnic (BME) groups across Britain as part of this government’s determination to extend opportunity to all

Chinese State Visit: up to £40 billion deals agreed

From 20–23 October the UK welcomed President Xi Jinping to London for the first State Visit from China in 10 years.

Almost £40bn of deals between China and UK were agreed during the visit.

Statement at the Conclusion of an IMF Staff Visit to Romania

An International Monetary Fund (IMF) mission visited Bucharest October 13-21 to discuss recent economic developments and the 2016 budget plans.

World Bank Forecasts a Slowdown in Migrant Remittances in 2015

Amid global slowdown, economic migrants will send less money home

Weak economies in Europe, especially Russia, are slowing the growth of remittance flows in 2015. Weaker currencies vis-à-vis the US dollar, and lower oil prices are further restricting the ability of many migrants to send money back to family and friends, according to the World Bank’s latest Migration and Development Brief.

Global Volatility Constrains Economy in Indonesia: World Bank

More government action can accelerate growth, says new report

Facing uncertain global conditions which constrain growth, ongoing government action such as stimulus measures, regulatory reforms and improved public spending will help Indonesia weather the year ahead, says a new World Bank report.

Africa’s Population Boom Can Propel the Region’s Economic Take-Off

Government policies and actions taken Thursday in Africa can increase the likelihood of capturing the potential benefits from the region’s rapid population growth and propel economic takeoff, according to a new report from the World Bank Group.

IMF Executive Board Concludes 2015 Article IV Consultation with Ecuador

On September 25, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Ecuador.

International and Regional Trade is Key to Faster Growth for Bangladesh, says New World Bank Report

International and regional trade, especially with South Asian and East Asian neighbors is critical for Bangladesh to create more and better jobs for the 2 million youths entering the labor force every year, says a new ‘Diagnostic Trade Integration Study’ launched Wednesday by the World Bank. The diagnostic provides a roadmap for strengthening Bangladesh’s trade competitiveness and developing a policy regime that takes full advantage of international markets.

Promoting longer working lives is vital for Denmark’s future prosperity

Encouraging more people to continue to work later in life would help Denmark meet the challenges of its rapidly ageing population. The ratio of the population aged 65 and over to the working-age population is projected to increase from 30% in 2012 to 43% in 2050, according to a new OECD report.