Finance & Economics

$107 Million World Bank Project to Connect Mizoram with Bangladesh and Myanmar via Roads

The World Bank Board of Executive Director’s approved a $107 million credit for the Mizoram State Roads II – Regional Transport Connectivity Project to improve transport connectivity for the landlocked state of Mizoram and to help open up the potential for regional trade among neighboring countries.

World Bank Supports Job Creation and Climate Resilience in the Agriculture Sector in the Republic of Uzbekistan

The World Bank’s Board of Executive Directors approved financing totaling US$410.3 million for two projects in the agriculture sector of Uzbekistan: the Horticulture Development Project and the South Karakalpakstan Water Resources Management Improvement Project.

Statement at the Conclusion of a Mission to Burundi for the 2014 Article IV Consultation and Fifth Review Under the Extended Credit Facility

A mission from the International Monetary Fund (IMF), led by Mr. Oral Williams, visited Bujumbura from June 2–13, 2014 for discussions under the IMF’s Article IV consultations and the fifth review of the government’s economic and financial program supported by the IMF under the Extended Credit Facility (ECF).

African Countries and their International Partners Agree to Collaborate on Building Skills for Africa’s Transformation

Education ministers and delegates from 12 African countries have agreed on a broad framework for collaboration between governments, the private sector and education/training institutions that will help to strengthen technical and scientific skills in Africa.

Global manufacturing output continues to climb in wake of recession, UN reports

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Men assemble women's coats in a maquila manufacturing plant in Chimaltenango, Guatemala.

Sweden must keep innovating to maintain strong environmental record, says OECD

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Bosnia and Herzegovina and the Republic of Croatia Cooperate to Reduce Pollution in the Adriatic Sea

The World Bank approved two Global Environment Facility (GEF) grants totaling US$6.77 million for the Adriatic Sea Environmental Pollution Control Project for Bosnia and Herzegovina (BiH) (US$2.44 million) and for the Republic of Croatia (US$4.33 million).

IMF Mission Completes the 2014 Article IV Consultation Discussions with Vietnam

An IMF mission team led by Mr. John Nelmes visited Hanoi and Ho Chi Minh City during May 28-June 11 to conduct the 2014 Article IV consultation discussions with Vietnam.Discussions focused on recent economic developments and the outlook, near-term macroeconomic policies, and reforms in the financial and state-owned enterprise (SOE) sectors.

Canada: Sustain inclusive growth by reducing housing market risks and overcoming specific skills shortages, says OECD

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Government of India and World Bank Sign $100 Million Agreement to Support Himachal Pradesh in its Green Growth Agenda

The focus is on climate smart development across key engines of economic growth – energy, industry, tourism and watershed management

The Government of India, the Government of Himachal Pradesh (GoHP), and the World Bank signed a $100 million development policy loan (DPL) agreement to help Himachal Pradesh (HP), a mountain state richly endowed with natural resources, move towards a more environmentally sustainable model of economic growth. The project was approved by the World Bank’s Board of Executive Directors on May 16, 2014.