Finance & Economics | WPN World People News

On May 4, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bulgaria.

Stable growth momentum in the OECD area

The Government of India, the Government of Punjab and the World Bank signed a $248 million loan agreement for the Punjab Rural Water and Sanitation Sector Improvement Project to help the state of Punjab improve its delivery of water and sanitation services in rural Punjab.

A mission from the International Monetary Fund (IMF), led by Corinne Deléchat, visited Monrovia from April 25 to May 8, 2015 to conduct the fourth review of the government’s economic program supported by the IMF under an Extended Credit Facility (ECF) arrangement, which was approved by the IMF Executive Board in November 2012.

An International Monetary Fund (IMF) team led by Alex Mourmouras visited Singapore during April 29-May 12 to hold discussions in the context of the country’s 2015 Article IV Consultation.

A staff team from the International Monetary Fund, led by Alex Segura-Ubiergo, visited Mozambique during April 27-May 8, 2015 to hold discussions towards the completion of the fourth review under the three-year Policy Support Instrument (PSI)1 approved in June 2013. The team met with Economy and Finance Minister Adriano Maleiane, Bank of Mozambique Governor Ernesto Gove, and other senior government officials, the private sector, civil society, and development partners. The team will now prepare a staff report that, upon management approval, is scheduled for discussion by the Executive Board in July 2015.

Several MEPs voiced special support for French journalist Edouard Perrin, who is being prosecuted in Luxembourg for his part in revealing secret tax rulings in the Grand Duchy.

Efforts to clean up an old mining area in Huainan Municipality and transform it into a park will be bolstered by a $100 million loan from the World Bank, approved by its Board of Executive Directors on May 11.

An International Monetary Fund (IMF) staff mission, led by Harald Finger, visited Dubai and Islamabad from May 1-11, 2015 to conduct discussions on the seventh review under the SDR 4.393 billion (about US$6.6 billion) Extended Fund Facility (EFF) arrangement with Pakistan, approved by the IMF’s Executive Board on September 4, 2013. The mission met with Finance Minister Ishaq Dar, State Bank of Pakistan (SBP) Governor Ashraf Wathra, and other senior officials.

An International Monetary Fund (IMF) mission, led by Ms. Zuzana Murgasova, visited Belgrade during April 29-May 11, 2015, to hold discussions on the first review of Serbia’s precautionary Stand-By Arrangement (SBA) with the IMF.