Finance & Economics | WPN World People News

On July 23, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Tonga.

The World Bank Group and the Government of Rwanda signed a financial agreement of US$15 million to provide community and health services for survivors of sexual and gender-based violence (SGBV) by expanding the Isange One Stop Centers while promoting gender equality, behavioral change and violence prevention in Rwanda.

On July 21, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Kazakhstan.

The Global Forum on Transparency and Exchange of Information for Tax Purposes published 13 new peer review reports demonstrating progress toward implementation of the international standard for exchange of information on request. The Global Forum also issued compliance ratings for 10 jurisdictions.

Following the endorsement by Executive Directors of a new direction for the procurement of goods and services under World Bank-financed projects, the Bank is launching global consultations on the proposed reforms that will be held from August through November 2014.

With the latest death toll from the West Africa Ebola epidemic now at 887, the World Bank Group pledged as much as US $200 million in emergency funding to help Guinea, Liberia, and Sierra Leone contain the spread of Ebola infections, help their communities cope with the economic impact of the crisis, and improve public health systems throughout West Africa.

The Executive Board of the International Monetary Fund (IMF) completed the fourth review of Guinea’s economic performance under the program supported by an Extended Credit Facility arrangement (ECF). The Board’s decision enables the immediate disbursement of an amount equivalent to SDR 18.36 million (about US$28.1 million), bringing total disbursements under the arrangement to SDR 91.8 million (about US$140.6 million).

The Executive Board of the International Monetary Fund (IMF) approved a new three-year arrangement under the Extended Credit Facility (ECF) for a total amount equivalent to SDR 79.92 million (about US$122.4 million), 120 percent of quota for Chad. The approval will enable the first disbursement of an amount equivalent to SDR 13.31 million (about US$20.4 million).

The Executive Board of the International Monetary Fund (IMF) on August 1, 2014 approved a disbursement of an amount equivalent to SDR 4.15 million (about US$6.4 million) for St. Vincent and the Grenadines to be drawn equally from the Rapid Credit Facility (RCF) and the Rapid Financing Instrument (RFI) at SDR 2.075 million or about US$3.2 million each. This disbursement will help the country meet an urgent balance-of-payments need due to severe flooding and landslides in December 2013 that caused massive damage to infrastructure, housing and agriculture.

The Executive Board of the International Monetary Fund (IMF) today approved a new three-year arrangement under the Extended Credit Facility (ECF) for a total amount equivalent to SDR 79.92 million (about US$122.4 million), 120 percent of quota for Chad. The approval will enable the first disbursement of an amount equivalent to SDR 13.31 million (about US$20.4 million).