Finance & Economics | WPN World People News

The Government of Egypt and the World Bank Group signed US$5 million grant agreement on Tuesday to support Equal Access and Simplified Environment for Investment in Egypt (EASE) project, which aims to improve the regulatory environment for investors through simplified licensing and transparent industrial land allocation processes.

An International Monetary Fund (IMF) mission led by Christian Josz visited Amman from March 17-29, 2016 to review the Staff-Monitored Program (SMP) and begin discussions on a Stand-By Arrangement (SBA) with the Iraqi authorities.

The World Bank Board of Executive Directors approved on Tuesday an additional grant of $30 million for the Human Development Systems Strengthening Project in DRC. This financing is complemented by $10 million from the Global Financing Facility (GFF) Trust Fund and $1.08 million from the Policy and Human Resources Development Trust Fund from the Government of Japan.

Mayors from cities across the United States, Asia, Europe, Africa and Latin America gathered in New York to launch a global campaign to address rising inequalities and foster inclusive growth in their cities, in their countries and worldwide.

An International Monetary Fund (IMF) mission led by John Wakeman-Linn visited Freetown during March 15–29, 2016 to conduct the fifth review under the Extended Credit Facility (ECF) and hold the 2016 Article IV consultation discussions.

The World Bank’s Board of Executive Directors has approved a US$95 million International Development Association (IDA)* credit to support Rwanda’s urbanization strategy through targeted infrastructure development and support for local economic development in six secondary cities.

World Bank Group President Jim Yong Kim reaffirmed strong support for Tunisia in its historic transition to a more stable post-revolution era. Kim called for a sharper focus on creating jobs for disenfranchised youth and spurring economic growth in the country’s lagging regions.

On September 16, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation1 with Belize.

The World Bank’s Board of Executive Directors on Monday approved a €48 million (US$52.39 million equivalent) additional financing to Romania for the Integrated Nutrient Pollution Control Project, which will support the country’s efforts to reduce the discharge of nutrients (nitrogen and phosphorus) into water bodies and meet the EU Nitrates Directive requirements at national scale.

The World Bank Board of Directors approved a US$ 140 million Loan to the Republic of Azerbaijan for the Additional Financing for the Third Highway Project, on March 28 (Monday) . The Additional Financing will help complete upgrading of the Baku – Shamakhi road sections by expanding them from two to four lanes, and will support strengthening Azerbaijan’s nascent motorway management and maintenance program.