Finance & Economics | WPN World People News

On May 11, the Executive Board of the International Monetary Fund (IMF) concluded the 2015 Article IV consultation1 with the Federated States of Micronesia (FSM).

Private sector leadership, infrastructure development and productivity-enhancing reforms are essential to kick-start growth in El Salvador, participants of the forum “Building Opportunities for Employment, Investment, and Growth” in San Salvador said on May 15 at its conclusion.

The International Bank for Reconstruction and Development (IBRD) and the International Investment Bank (IIB) have launched the implementation of a Memorandum of Understanding (MoU) to set the framework for collaboration between the two development institutions in the broad areas of development finance, financial management, and corporate governance. The MoU was signed by Laura Tuck, World Bank Vice President for Europe and Central Asia, and Nikolay Kosov, Chairman of the Board of the International Investment Bank.

A team from the International Monetary Fund (IMF) led by Ana Lucía Coronel, IMF mission chief and senior resident representative for Uganda, visited Kampala to conduct the 2015 Article IV consultation and the fourth review of Uganda’s economic program supported by the Policy Support Instrument (PSI).

The Executive Board of the International Monetary Fund (IMF) Wednesday completed the fourth review of Albania’s economic performance under the Extended-Fund Facility (EFF). Completion of the review enables an immediate disbursement of SDR 28.88 million (about €35.9 million), bringing the total disbursements to SDR 123.1 million (about €153.1 million). The decision was taken without a formal meeting.

Passengers and commuters in a train station in Mumbai, India.

DSWD Secretary Corazon Juliano-Soliman and six other leaders from government, on May 13 civil society and the private sector worldwide were recognized for their work in promoting social accountability as a means to eradicate poverty and promote inclusive growth in their respective countries.

On May 8, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with the Republic of Korea.

The Dominican Republic has become the first country in the global South to join the group of donors who are funding the Global Partnership for Social Accountability (GPSA), a program launched by the World Bank Group in 2012 to strengthen public-sector performance and meet governance challenges in developing countries.

An International Monetary Fund mission led by Mr. Raja Almarzoqi visited Tashkent on April 29−May 12, 2015 to hold discussions on the 2015 Article IV consultation.