Finance & Economics | WPN World People News

The World Bank Group’s Board of Executive Directors, on February 19, endorsed a new Country Partnership Framework (CPF) with the Kingdom of Morocco, which will guide the financial and technical assistance program over the next six years.

The Civil Liberties Committee endorsed the renewed Asylum, Migration and Integration Fund (AMIF), the 2021-2027 budget of which will increase up to €9.2 billion (€10.41 billion in current prices, 51% more than in the previous financial framework). It also backed the creation of a new Integrated Border Management Fund (IBMF) and agreed to allocate €7.1 billion (€8 billion in current prices) to it.

The World Bank Group, on February 19, announced a new strategy of support for Libya focused on restoring key services to citizens and promoting economic recovery as a critical contribution to the ongoing peace process. Developed in response to a request from the Libyan government, the new strategy draws on the Bank Group’s global experience working with countries coping with instability and aims to address urgent priorities while laying the groundwork for future recovery and reconstruction.

The European Securities and Markets Authority (ESMA) has announced, on February 18, that in the event of a no-deal Brexit, three central counterparties (CCPs) established in the United Kingdom (UK) – LCH Limited, ICE Clear Europe Limited and LME Clear Limited – will be recognised to provide their services in the European Union (EU).

On February 14, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Slovenia and considered and endorsed the staff appraisal without a meeting.

On February 8, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Nepal.

The IMF’s African and Fiscal Affairs Department, the Kenyan Treasury and the European Commission organised the Seventh African Fiscal Forum in Nairobi, Kenya, on 14 and 15 February. This annual event brings together senior officials from ministries responsible for finance across Sub-Saharan Africa (SSA) to discuss fiscal challenges facing the region.

World Bank Vice President South Asia Hartwig Schafer (center), Mayor of Colombo Rosy Senanayake (right) and World Bank Country Director for Sri Lanka Idah Pswarayi-Riddihough (left) launching the exhibition and awards of the photography competition to press for progress to create the space for women to access and remain at work in Colombo