Finance & Economics | WPN World People News

A staff team from the International Monetary Fund (IMF) led by Manuela Goretti visited Colombo during September 13-27, 2018 to hold discussions on the fifth review of the Sri Lanka’s economic program supported by a three-year Extended Fund Facility (EFF).

The Canadian Taxpayers Federation (CTF) called for a comprehensive investigation into the Winnipeg stadium deal that has now saddled taxpayers with more than $200 million in costs due to loans being written off on September 27.

The Gardens of Versailles Palace.

Lao firms and households will benefit from a new US$13 million project, on September 27, approved by the World Bank’s Board of Executive Directors, which will promote reforms to the business environment, for instance reducing the number of days needed to start a business.

The Canadian Taxpayers Federation (CTF) is applauding a City of Calgary whistleblower who has leaked municipal documents that highlight the city’s concerns over additional costs not included in the Olympics price tag.

The World Bank, on September 26, approved a $133 million credit to help Nepal construct and maintain safe, resilient and cost-effective bridges on its Strategic Roads Network. The Strategic Roads Network comprises Nepal’s transport backbone and includes roughly 12,142 kilometers of national highways, feeder roads and other roads of national importance that are connected by 1,773 bridges.

In a major announcement at the One Planet Summit here, on September 26, the World Bank Group committed $1 billion for a new global program to accelerate investments in battery storage for energy systems in developing and middle-income countries. The program is expected to help these countries ramp up their use of renewables – particularly wind and solar power – improve energy security, increase grid stability and expand access to electricity.

A team from the International Monetary Fund (IMF) led by Marshall Mills, Mission Chief for Madagascar, visited Antananarivo and Toamasina on September 12-26, 2018. The team held discussions with the authorities on the fourth review of Madagascar’s economic reform program supported by the IMF’s three-year Extended Credit Facility (ECF).

The International Monetary Fund staff and Argentina authorities have reached an agreement on a set of strengthened economic policies that will underpin the 36-month Stand-By Arrangement (SBA) approved on June 20, 2018.

An International Monetary Fund (IMF) staff team led by Mr. Julio Escolano visited Addis Ababa from September 10 to 26, 2018 to conduct the 2018 Article IV consultation discussions with Ethiopia.