Finance & Economics | WPN World People News

The World Bank Board of Executive Directors, on February 14, endorsed a new five-year Country Partnership Framework (CPF) to support the government of Zambia address the structural challenges and promote pro-poor growth with a focus on rural areas.

On February 12, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Republic of Fiji and considered and endorsed the staff appraisal without a meeting.

Commissioner for International Cooperation and Development Neven Mimica is in Rome for the launch of the new Agri-Business Capital (ABC) Fund, on February 15, which will help deliver on the Africa-Europe Alliance for Sustainable Investments and Jobs.

Panama remains one of the most dynamic growing countries in Latin America, but economic activity has been less dynamic than expected, with growth estimated at 3.6 percent in the first nine months of 2018 (compared to 5.6 percent in the same period of 2017), reflecting broad slowdown in key sectors, including construction, which was partly affected by the strike in April–May.

On February 8, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the 2018 Article IV consultation with the Republic of Croatia.

Cyril Muller, World Bank Vice President for Europe and Central Asia, on Febuary 8, visited Kyiv to commend Ukraine on the wide-ranging reforms the country has undertaken recently and which led to the approval of a $750 million Policy Based Guarantee for budget financing by the World Bank in December 2018. Muller also discussed how Ukraine can boost economic growth going forward, underscoring the importance of maintaining the reform momentum for the benefit of all Ukrainian citizens.