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IFC Press Releases

Beijing, December 17, 2015—IFC, a

10 min 53 sec ago
Beijing, December 17, 2015—IFC, a member of the World Bank Group, is hosting a training seminar for Chinese market regulators and banking professionals to raise corporate-governance standards among Chinese listed companies with the aim of improving their performance and hence attractiveness fo

IMF News

IMF Executive Board Completes Second ECF Review for São Tomé and Príncipe, and Approves US$0.9 Million Disbursement

15 hours 58 sec ago

Sri Lanka : First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

18 hours 11 min ago
Country Report No. 16/371

Chile: 2016 Article IV Consultation--Staff Report

23 hours 2 min ago
Country Report No. 16/376

New Realities Shaping Chile's Outlook

23 hours 15 min ago

IMF Executive Board Concludes 2016 Article IV Consultation with Chile

1 day 5 min ago

Latvia: Staff Concluding Statement of an IMF Staff Visit

1 day 3 hours ago

Kingdom of the Netherlands: Concluding Statement of the 2016 Article IV Consultation

1 day 16 hours ago

Transcript of IMF Press Briefing

1 day 17 hours ago

Uruguay: Staff Concluding Statement of the 2016 Article IV Mission

1 day 17 hours ago

Portugal: Staff Concluding Statement of the Fifth Post-Program Monitoring Mission

1 day 22 hours ago

IMF Policy Paper: Poverty Reduction and Growth Trust - 2016 Borrowing Agreements with Danmarks Nationalbank, the Norwegian Ministry of Finance Representing the Kingdom of Norway, and the Sveriges Riksbank

1 day 22 hours ago

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 16, 2016

1 day 22 hours ago

Namibia : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

1 day 23 hours ago
Country Report No. 16/373

Namibia : Selected Issues

1 day 23 hours ago
Country Report No. 16/374

IMF Executive Board Concludes 2016 Article IV Consultation with Namibia

2 days 16 min ago

Finland : Selected Issues

2 days 15 hours ago
Country Report No. 16/369

Finland : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland

2 days 15 hours ago
Country Report No. 16/368

Finland : Financial System Stability Assessment

2 days 15 hours ago
Country Report No. 16/370

Mali: Sixth Review Under the Extended Credit Facility Arrangement and Request for Modification of a Performance Criterion-Press Release; and Staff Report

2 days 15 hours ago
Country Report No. 16/375

Macro-Financial Linkages and Heterogeneous Non-Performing Loans Projections : An Application to Ecuador

2 days 16 hours ago
Working Paper No. 16/236

Real Effects of Capital Inflows in Emerging Markets

2 days 16 hours ago
Working Paper No. 16/235

IMF Executive Board Completes Fourth Review of Armenia’s Extended Arrangement

2 days 18 hours ago

IMF Executive Board Concludes 2016 Article IV Consultation with Finland

3 days 55 sec ago

IMF Executive Board Completes Sixth Review Under ECF Arrangement for Sierra Leone and Approves US$33.23 Million Disbursement

3 days 13 hours ago

IMF Staff Concludes Visit to Turkmenistan

3 days 15 hours ago

IMF Executive Board Completes Sixth Review Under Mali’s ECF and Approves US$25.8 Million Disbursement for Mali

4 days 16 hours ago

IMF Executive Board Approves Extension of the Arrangement under the Extended Credit Facility for Malawi

4 days 16 hours ago

IMF Concludes Staff Visit to Nicaragua

4 days 17 hours ago

IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement

4 days 18 hours ago

Tax Capacity and Growth : Is there a Tipping Point?

4 days 20 hours ago
Working Paper No. 16/234

Political Institutions, State Building, and Tax Capacity: Crossing the Tipping Point

4 days 20 hours ago
Working Paper No. 16/233

IMF Executive Board Completes First and Second Reviews of Guinea-Bissau’s Arrangement Under the Extended Credit Facility, and Approves US$6.9 Million Disbursement

1 week 15 hours ago

Meeting the Challenges of Growth and Infrastructure Investment

1 week 16 hours ago

IMF Executive Board Completes Third Review under the PSI for Senegal and Concludes 2016 Article IV Consultation

1 week 16 hours ago

Ireland: Staff Concluding Statement of the Sixth Post-Program Monitoring Mission

1 week 17 hours ago

Statistical Forum on Inclusive Growth–Leaving Nothing Out and Nobody Behind

1 week 23 hours ago

Statistical Forum on Inclusive Growth

1 week 23 hours ago

IMF and the Sveriges Riksbank Sign SDR 500 Million Borrowing Agreement to Support Lending to Low-Income Countries

1 week 23 hours ago

IMF and the Norwegian Ministry of Finance Representing the Kingdom of Norway Sign SDR 300 Million Borrowing Agreement to Support Lending to Low-Income Countries

1 week 23 hours ago

IMF and the Danmarks Nationalbank Amend Borrowing Agreement to Increase Lending Capacity to Low-Income Countries by an Additional SDR 300 Million

1 week 23 hours ago

IMF Staff Completes 2016 Article IV Consultation and First Review of the Precautionary and Liquidity Line Mission to Morocco

1 week 1 day ago

IMF Managing Director Christine Lagarde Appoints Jihad Azour as Director of the Middle East and Central Asia Department

1 week 1 day ago

Podcast: Harold James on Globalization: New Concept Old Reality

1 week 2 days ago

“Globalization: Insiders, Outsiders” - F&D magazine December 2016

1 week 2 days ago

Cabo Verde: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cabo Verde

1 week 3 days ago
Country Report No. 16/366

Cabo Verde: Selected Issues

1 week 3 days ago
Country Report No. 16/367

IMF Executive Board Concludes 2016 Article IV Consultation with Cabo Verde

1 week 3 days ago

IMF Staff Concludes Visit to Russian Federation

1 week 3 days ago

Financing for Development: Enhancing the Financial Safety Net for Developing Countries - Further Considerations

1 week 3 days ago

IMF Executive Board Provides Further Guidance to Enhance the Financial Safety Net for Developing Countries

1 week 3 days ago

Taking Stock of Monetary and Exchange Rate Regimes in Emerging Europe

1 week 3 days ago
European Departmental Paper No. 16/3

Chad : Third and Fourth Reviews Under the Extended Credit Facility Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria, Augmentation of Access, Extension of the Current Arrangement, and Rephasing of Disbursement-Press Release; S

1 week 4 days ago
Country Report No. 16/364

Guinea: Eighth and Final Review Under the Extended Credit Facility Arrangement and Financing Assurances Review, and Request for Extension of the Current Arrangement-Press Release; and Staff Report

1 week 4 days ago
Country Report No. 16/365

IMF to Initiate Discussions with Mozambique on a New Program

1 week 4 days ago

IMF Managing Director Christine Lagarde Appoints Tobias Adrian as Financial Counsellor and Director of the Monetary and Capital Markets Department

1 week 4 days ago

OECD News - Corruption

Roundtable on Corporate Liability for Foreign Bribery

19 hours 2 min ago
9 December 2016, Paris: Taking place on International Anti-Corruption Day, this roundtable will provide an opportunity for governments, the private sector, civil society, and the media, to reflect on the liability of legal persons following more than 15 years of work promoting its application for foreign bribery.

Liability of Legal Persons for Foreign Bribery: A Stocktaking Report

22 hours 26 min ago
This stocktaking report first presents a chronology of how systems for the liability of legal persons have evolved among the 41 Parties to the Anti-Bribery Convention. It then presents a “mapping” of the features of these systems for the 41 Parties.

Liability of Legal Persons for Foreign Bribery: A Stocktaking Report

22 hours 26 min ago
This stocktaking report first presents a chronology of how systems for the liability of legal persons have evolved among the 41 Parties to the Anti-Bribery Convention. It then presents a “mapping” of the features of these systems for the 41 Parties.

New OECD guidance aims to reduce corruption in aid sector

23 hours 52 min ago
New international guidance on fighting corruption in the development sector goes into effect today, backed by more than 40 countries, with progress on agreed recommendations to be monitored by the OECD Working Group on Bribery.

Consultation on Follow-up to the OECD Anti-Bribery Ministerial Meeting

1 day 22 hours ago
This Working Group on Bribery consultation with the private sector and civil society will focus on how best to follow-up on OECD Anti-Bribery Ministerial Meeting.

OECD Global Forum on Competition

1 week 2 days ago
Paris, 1-2 December 2016: Focus areas for the 2016 Global Forum include: competition and protecting human rights; the role of market studies as a tool to promote competition; the independence of competition authorities; and sanctions in antitrust cases.

OECD News - Development

International Economic Forum on Latin America and the Caribbean

27 weeks 23 hours ago
The theme of the 2016 Forum taking place in Paris on 3 June is "New Challenges and Innovative Partnerships in a Shifting World". Key issues on the agenda include redefining partnerships to support inclusive and sustainable growth, and innovative policies to increase productivity and tackle inequalities.

OECD Forum 2016: Productive economies, Inclusive societies

27 weeks 4 days ago
Forum 2016, entitled Productive economies, Inclusive societies will be organised around the 3 cross-cutting themes of the OECD Week: inclusive growth and productivity, innovation and the digital economy, and international collaboration for implementing international agreements (COP21 and the Sustainable Development Goals) and standards (BEPS and automatic exchange of information).

How to reach the Sustainable Development Goals? We need a GPS

28 weeks 22 hours ago
With the Sustainable Development Goals, the world has set itself ambitious targets for the next 15 years. But ambition will also be essential if we are to collect and process the data needed for monitoring the goals. Thanks to more than half a century of experience, the OECD is well-placed to support this global project.

Africa’s choice: Business-as-usual or a green agenda?

28 weeks 2 days ago
The Paris Agreement on climate change signals the end of business as usual for energy industries. For the first time in history more than 150 developed and developing countries have promised to reduce greenhouse gas emissions. But how binding are these agreements? And do they provide impetus for local action in Africa?

It’s up to us all to end child labour

28 weeks 4 days ago
A young boy named Kalu, who had been rescued from a carpet-weaving unit in Bihar, once raised a compelling and very significant question when he met then-President Bill Clinton. In conversation with the President, Kalu politely inquired about his plans and policies with regard to the world’s children and their condition.

Africa: Economic transformation hinges on unlocking potential of cities, says the African Economic Outlook 2016

28 weeks 5 days ago
How Africa urbanises will be critical to the continent’s future growth and development, says the African Economic Outlook 2016 released today at the African Development Bank Group’s 51st Annual Meetings.

The OECD at the World Humanitarian Summit

28 weeks 5 days ago
The World Humanitarian Summit will be held in Istanbul on 23-24 May. The purpose of the summit is to set a forward-looking agenda for humanitarian action to collectively address future humanitarian challenges.

Fighting poverty means fighting sexism

29 weeks 2 days ago
Nowhere in the world do women have as many opportunities as men, whether those opportunities are economic, social or political. If we’re going to make our commitments under the Sustainable Development Goals (SDGs) count, we have to start here.

OECD News - Economy

Composite Leading Indicators (CLI), OECD, December 2016

1 day 21 hours ago
Growth momentum picking-up in several advanced economies and strengthening in major emerging economies

Consumer Prices, OECD - Updated: 6 December 2016

3 days 21 hours ago
OECD annual inflation picks up to 1.4% in October 2016, driven by energy prices

Enhancing Economic Flexibility: What Is in It for Workers?

1 week 2 days ago
Reforms that boost growth by enhancing economic flexibility often meet strong opposition related to concerns that they may imply adverse consequences for categories of workers. This study investigates how making product or labour market regulation more flexible changes workers’ risks of moving out of employment and jobless people’s chances of becoming employed.

Deploy effective fiscal initiatives and promote inclusive trade policies to escape from the low-growth trap

1 week 5 days ago
For the last five years the global economy has been in a low-growth trap, with growth disappointingly low and stuck at around 3 per cent per year. Persistent growth shortfalls have weighed on future output expectations and thereby reduced current spending and potential output gains.

Make better use of fiscal initiatives to escape low-growth trap, OECD says in latest Global Economic Outlook

1 week 5 days ago
Expansionary fiscal initiatives and maintaining trade openness are needed to push the global economy out of today’s low-growth trap, according to the OECD’s latest Global Economic Outlook.

OECD News - Finance

Launch of the OECD Pensions Outlook

5 days 2 hours ago
Every two years, the OECD Pensions Outlook provides an analysis of the main policy issues affecting pensions in OECD countries and assesses trends in retirement income systems. It discusses policy initiatives for strengthening pension systems, funded private pension systems in particular.

Design of funded private pensions needs to be improved

5 days 3 hours ago
Funded Pension arrangements, in particular defined contribution ones, are playing a growing role in complementing retirement income from public sources in OECD countries and worldwide. However, their design needs to be improved, according to a new OECD report.

OECD to launch Pensions Outlook 2016 Monday 5 December

1 week 2 days ago
OECD Pensions Outlook 2016, to be published on Monday 5 December at 12p.m. Paris time, assesses policy issues regarding strengthening pension systems and, in particular, funded pension plans.

OECD Global Forum on Public Debt Management 2017

1 week 4 days ago
Discussions at the Global Forum on Public Debt Management 2017 will focus on issuance procedures, particularly choice of auction mechanisms and PD models as well as the role of debt managers in pricing and managing contingent liabilities.

World Trade Organization - News

Items proposed for consideration at the next meeting of Dispute Settlement Body

0 sec ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 16 December 2016, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.

Azevêdo: Opportunities of e-commerce must be available to all

21 hours 15 min ago
Speaking at the “E-commerce for Development” seminar organized by the Friends of E-commerce for Development (Argentina, Costa Rica, Kenya, Nigeria, Pakistan, Sri Lanka and Uruguay) on 9 December, Director-General Roberto Azevêdo stressed the importance of engaging in conversations and information exchanges to better understand the e-commerce landscape. He said that by working in partnership, the international community can ensure that the benefits of digital trade are available for all.

Trade Policy Review Body: Annual overview of developments in the international trading environment

21 hours 15 min ago

“Persistent” economic challenges continued to weigh on trade in 2016

21 hours 15 min ago
Director-General Roberto Azevêdo’s annual overview of developments in the international trading system highlights the “persistent” global economic challenges in 2016 that continue to weigh on international trade. The report, which was discussed at a 9 December meeting of the WTO’s Trade Policy Review Body, urges members to work together to ensure that the benefits of trade are more widely spread and better understood.

Dates fixed for 2017 Ministerial Conference in Buenos Aires

1 day 21 hours ago
WTO members have agreed that the organization’s Eleventh Ministerial Conference (MC11) will take place from 11 to 14 December 2017 in Buenos Aires, Argentina. The dates were endorsed at a 7 December meeting of the WTO’s General Council.

General Council: Proposed agenda

2 days 21 hours ago

WTO members initiate membership talks for Somalia and Timor-Leste

2 days 21 hours ago
WTO members initiated membership talks for the Federal Republic of Somalia and the Democratic Republic of Timor-Leste at a meeting of the organization’s General Council on 7 December. Members agreed to establish working parties to negotiate membership terms for the two countries and to welcome them as observers to the WTO.

General Council: Proposed agenda

2 days 21 hours ago

The Comoros kicks off its WTO membership negotiations

3 days 21 hours ago
At the first meeting of the working party on the accession of the Comoros, WTO members expressed their support for its membership process and said they would work with the country to advance its accession negotiations as quickly as possible. The Comoros has set the 11th Ministerial Conference (MC11), to be held in Buenos Aires in December 2017, as the target date for the conclusion of its accession negotiations.

Gabon, Kyrgyz Republic ratify Trade Facilitation Agreement; 8 more needed for entry into force

3 days 21 hours ago
Gabon and the Kyrgyz Republic have ratified the Trade Facilitation Agreement (TFA), putting the total number of ratifications from members at 102. Only 8 more ratifications are needed to bring the TFA into force.

DG Azevêdo updates ‘Geneva Week’ participants on current areas of discussion at the WTO

3 days 21 hours ago
Director-General Roberto Azevêdo, on 6 December, addressed participants at “Geneva Week”, an event for representatives of WTO members who do not have permanent missions in Geneva. He briefed participants on his recent meetings and discussions and on the range of areas currently being discussed by WTO members in the run-up to the 11th Ministerial Conference in Buenos Aires in December 2017.

Screening of arbitration hearing in US-Mexico tuna dispute

4 days 21 hours ago
At the request of the United States in the dispute “United States – Measures Concerning the Importation, Marketing and Sale of Tuna and Tuna Products – Recourse to Article 22.6 of the DSU by the United States” (DS381), the Arbitrator has agreed to broadcast to the public a video recording of parts of the United States’ statements at the Arbitrator’s meeting with the parties. The screening will take place at WTO headquarters on 16 December.

Progress made on Environmental Goods Agreement, setting stage for further talks

5 days 21 hours ago
Ministers and senior officials from the 18 participants in the Environmental Goods Agreement (representing 46 WTO members) met in Geneva this weekend to work towards liberalising trade on a range of important environmental goods. Constructive talks were held and progress was made, but participants were not in a position to close the existing gaps at this point. The intensive discussions set the stage for further talks in the near future.

DG Azevêdo: After a year of constructive debate at the WTO, work must intensify into 2017

1 week 1 day ago
At a meeting of all WTO members held today (1 December) to discuss the organization’s negotiating work, Director-General Roberto Azevêdo highlighted the progress made over the last 12 months and urged members to capitalize on this positive engagement in the New Year, particularly as members begin to look towards the 11th WTO Ministerial Conference (to be held in Buenos Aires in December 2017). He also reported on his recent consultations, including a range of bilateral meetings with members in Geneva and in capitals, as well as the Cotton-4 ministerial meeting in Bamako, Mali, an informal ministerial meeting in Oslo convened and hosted by Norway, the APEC ministerial meeting in Lima, Peru, and meetings of the OECD, IMF, World Bank and the UN Chief Executives Board for Coordination.

First training course on trade in services underway for countries seeking to join the WTO

1 week 2 days ago
The WTO’s first Training Course on Trade in Services for Acceding Governments is taking place from 28 November to 2 December 2016 at the WTO’s headquarters in Geneva. The course is being attended by 27 representatives from 14 governments seeking to join the WTO.

DG Azevêdo: Trade can boost Tunisia’s economic growth and development

1 week 2 days ago
WTO Director-General Roberto Azevêdo visited Tunisia on 29 and 30 November to hold meetings with Prime Minister Youssef Chahed, Minister of Trade Zied Ladhari and Minister of Foreign Affairs Khemaies Jhinaoui. As part of his visit, he also participated in the “Tunisia 2020 conference”, where he discussed the role of trade and the WTO in helping Tunisia’s economic development.

Ecuador’s import surcharge still under review as WTO members remain divided

1 week 3 days ago
Most WTO members welcomed Ecuador’s efforts to lower its import surcharge rates and reduce the number of tariff lines affected by this measure at a meeting of the Committee on Balance-of-Payments Restrictions on 29 November but they remain divided on whether the measure is in conformity with WTO rules. Consultations with Ecuador will resume in April 2017. Ecuador reaffirmed its intention to phase out the import surcharge completely by June 2017, a year later than originally agreed.

Dominica, Mongolia ratify the Trade Facilitation Agreement; final countdown launched

1 week 3 days ago
Dominica and Mongolia have ratified the Trade Facilitation Agreement (TFA), putting the total number of ratifications from members at 100. With just 10 more ratifications from members needed to bring the TFA into force, the final countdown begins for realizing a global deal that could boost global merchandise exports by up to $1 trillion per annum by slashing trade costs and cutting red tape at the border.

WTO members reflect on work of Committee on Trade and Development and future challenges

1 week 3 days ago
At an event held on 24 November to mark the 100th session of the Committee on Trade and Development (CTD), WTO members and other participants reflected on how trade has evolved since the committee held its first meeting 20 years ago. They also discussed what needs to be done to ensure that trade continues to support developing countries in the future.

Dominica accepts TRIPS amendment to ease poor countries’ access to affordable medicines

1 week 4 days ago
Dominica deposited its instrument of acceptance for the 2005 protocol amending the WTO’s Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) on 28 November 2016.

DG Azevêdo: “We must ensure that the gains of trade are better shared across society”

1 week 4 days ago
In a speech to the Organization for Economic Cooperation and Development’s Global Strategy Group on 28 November, Director-General Roberto Azevêdo stressed the importance of making the case for trade amid a rise in anti-globalisation sentiment in many countries. Governments also need to work on creating a better, more inclusive model of globalisation and ensure the benefits of trade reach further and wider through new trade reforms.

WTO issues panel report regarding US tax breaks for civil aircraft production

1 week 4 days ago
On 28 November 2016, the WTO issued the panel report in the case brought by the European Union regarding “United States – Conditional Tax Incentives for Large Civil Aircraft” (DS487)

Founded in 2000, the Parliamentary Network is an independent, non-governmental organization that provides a platform for Parliamentarians from over 140 countries to advocate for increased accountability and transparency in development cooperation. Jeremy Lefroy is the current Chair of the Parliamentary Network.

 

The Network – via its international secretariat, regional chapters and country chapters – reaches over 1000 Parliamentarians in Africa, Asia, Europe and the Americas. It strives to increase transparency and accountability in the development cooperation process by fostering the oversight role of parliaments and civil society. The Network has a specific focus on multilateral aid and a sub-focus on the work and modus operandi of the World Bank Group and the International Monetary Fund (IMF), the world’s largest multilateral funders.

 

It provides a platform for MPs and civil society to hold to account their own governments, as well as International Financial Institutions (IFIs), for development outcomes.

Membership is free of charge and open to elected parliamentarians who currently hold a mandate. As a member, you will receive The Parliamentary Network on the World Bank and International Monetary Fund’s policy materials, including the quarterly Network Review publication and the Parliamentarians and Development series.

You will also be eligible to attend the Annual Conference and participate in discussions with senior World Bank and IMF leadership. You can also be invited to take part in the Parliamentarians in the Field country visit programme.
In addition, the The Parliamentary Network on the World Bank and International Monetary Fund often invites partner organizations to join its activities.
PARLIAMENTARIAN PARTNER