Finance & Economics | WPN World People News

The Executive Board of the International Monetary Fund (IMF) approved—in an expedited decision supported by a joint statement of all Directors—emergency financial assistance to Guinea, Liberia, and Sierra Leone totaling US$130 million to help respond to the Ebola outbreak. The IMF financing will be made available to the three countries immediately, in the amounts of US$41 million for Guinea, US$49 million for Liberia and US$40 million for Sierra Leone. This emergency financing comes in addition to the assistance provided under existing programs for these countries. It will help cover part of the immediate balance of payments and fiscal needs currently estimated at about US$100 million for each country.

The World Bank and the Independent State of Samoa signed an agreement for a US$7.5 million grant from the International Development Association (IDA). The grant is the first in a two-part operation aimed at strengthening public finances and supporting continued economic growth in Samoa.

On September 25-26, 2014, governors and vice governors of central banks from Central, Eastern, and Southern European countries (CESEE) and elsewhere in Europe, officials of other international financial institutions, and leading academics met in Portoroz, Slovenia, to discuss options to promote a sustained recovery in credit growth in the region. During the high-level conference, organized jointly by the International Monetary Fund (IMF) and Bank of Slovenia, participants emphasized the importance of generating conditions to avoid “credit-less” recoveries, which are often associated with prolonged periods of slow output and employment growth.

The World Bank and the Independent State of Samoa signed an agreement for a US$7.5 million grant from the International Development Association (IDA). The grant is the first in a two-part operation aimed at strengthening public finances and supporting continued economic growth in Samoa.

An International Monetary Fund (IMF) mission, headed by Mr. Felix Fischer, visited Bissau, Guinea-Bissau, from September 15-25, 2014 and reached agreement with the authorities on an emergency program that could be supported by the IMF’s Rapid Credit Facility (RCF). Subject to IMF management approval, the staff-level agreement is expected to be submitted to the IMF Executive Board for its consideration in early November.

Günther Oettinger during the energy debate in the Parliament

A mission from the International Monetary Fund (IMF), led by Christian Josz, visited Bamako from September 11 to 25 for discussions in preparation of the first and second review of the government’s economic program supported under the IMF’s Extended Credit Facility (ECF) approved in December 2013.

The World Bank Group’s Board of Executive Directors approved a US$100 million credit from the International Development Association (IDA)* that will help Cameroon to transform its farming sector and help small-farmers growing cassava, sorghum, and maize by linking them to more lucrative agricultural and food markets