Finance & Economics

International Financial Institutions Call for More Coordination on Global Development

Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the World Bank Group have pledged close collaboration to support development and growth.

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The Global Forum on Tax Transparency welcomes Azerbaijan and the Kingdom of Lesotho as new members

Azerbaijan and the Kingdom of Lesotho have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes.

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Euro Crisis Likely to Dominate Kerry's Talks in Berlin

Countries visited on John Kerry's first trip...

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IMF Executive Board Completes First Review Under the ECF Arrangement for Bangladesh and Approves US$139.4 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) last Wednesday completed the first review of Bangladesh’s economic program under a three-year arrangement supported by the Extended Credit Facility (ECF).

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Statistics Show Stuttering 2013 European Recovery

The latest Brussels economic forecast indicates Europe is not yet out of its economic troubles.

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U.S. Treasury Issues General License To Allow Additional U.S. Economic Activity In Burma

The U.S. Department of the Treasury issued a general license to authorize additional U.S. economic activity in Burma. The general license, issued by the Office of Foreign Assets Control (OFAC), allows individuals, companies, and financial institutions...

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Kerry: Mandatory Budget Cuts Would Hurt US Foreign Policy

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A partnership built on a vision for an Emerging Senegal

The World Bank Group’s Board of Directors Tuesday discussed the Joint Country Partnership Strategy (CPS) for Senegal for the period 2013 -2017 focused on economic growth, job creation and poverty reduction for an emerging Senegal.

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IFC, Center-Invest Bank Expand Access to Finance for Small Businesses in Southern Russia

IFC, a member of the World Bank Group, is providing a loan of 900 million Russian rubles (around $29 million) to Center-Invest Bank to help it expand access to finance for small and medium enterprises in the Russia Federation’s southern regions.

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New UN report says European recession keeping manufacturing rates low

Silk manufacturing in China.