News Feed

IFC Press Releases

IFC invests in Goodlife Pharmacies to Improve Healthcare in East Africa

34 min 22 sec ago
Nairobi, March 26, 2015—IFC, a member of the World Bank Group, today announced a loan of $4.5 million to Goodlife Pharmacy Limited to help the company open a chain of 80 pharmacies across Kenya and East Africa. Goodlife will supply affordable, quality healthcare products in Kenya, where there

IFC Commits $200 million to IFC Financial Institutions Growth Fund to Invest in Emerging Markets

34 min 22 sec ago
Washington, March 30, 2015—IFC, a member of the World Bank Group, has committed up to $200 million to the IFC Financial Institutions Growth Fund (FIG Fund). The FIG Fund’s mandate is to make equity investments alongside IFC in growing emerging market financial institutions, supporting private

Removing Barriers to Doing Business Will Help Create a Strong Private Sector in Myanmar

34 min 22 sec ago
NAY PYI TAW, Myanmar, March 24, 2015—Access to finance is the top constraint for private enterprises as Myanmar’s economy undergoes market-oriented reforms after emerging from decades of isolation, and addressing this and other challenges will help create a strong private sector to drive the c

IFC, FRC and the National Council on Corporate Governance Train Mongolian Companies to Strengthen Their Corporate Governance

34 min 22 sec ago
Ulaanbaatar, Mongolia, March 27, 2015—IFC, a member of the World Bank Group, the Financial Regulatory Commission of Mongolia (FRC) and the National Council on Corporate Governance (NCCG) are partnering to train Mongolian companies on how to conduct more effective annual shareholders meeting to

IFC and Armenia Partner to Boost Investment, Develop Private Sector

34 min 22 sec ago
Yerevan, Armenia, March 25, 2015—IFC, a member of the World Bank Group, Armenia’s Ministry of Economy, and the Armenia Development Foundation agreed today to work together to improve the country’s investment policy and inspections system in order to generate investment and cut business costs,

IFC e Riverwood investem US$ 45 milhões na Netshoes para fomentar o comércio varejista online na América Latina

13 hours 7 min ago
São Paulo, 24 de março de 2015 -  A IFC, membro do Grupo Banco Mundial, e o Riverwood Capital, fundo de capital de risco especializado em tecnologia, fizeram um investimento de capital  no valor de US$ 45 milhões na Netshoes, o maior e-commerce pure play de artigos esportivos do mundo, para aj

IFC and Riverwood Capital invest $45 million in Netshoes to support growth of online retail in Latin America

18 hours 19 min ago
São Paulo, March 24, 2015 -  IFC, a member of the World Bank Group, and Riverwood Capital, a risk capital fund specialized in technology, announced a USD 45 million equity investment in Netshoes, the largest pure play e-commerce sporting goods in the world, to help promote the growth of the on

IFC Builds Capacity for ABBANK to Improve Financing for More Small and Medium Enterprises in Vietnam

4 days 14 hours ago
Hanoi, Vietnam, March 20, 2015—IFC, a member of the World Bank Group, signed a project services agreement with An Binh Joint Stock Commercial Bank (ABBANK) to help the bank enhance its capacity in financing smaller businesses. Smaller businesses provide the majority of jobs in Vietnam, but t

IFC Hosts Forum in the Kyrgyz Republic to Improve Food Safety

4 days 14 hours ago
Bishkek, Kyrgyz Republic, March 19, 2015—IFC, a member of the World Bank Group, today hosted a forum in Bishkek to promote better food safety management practices, part of an effort to support the development of the food processing industry in Europe and Central and help companies enter new ex

IFC, ADB, EBRD, Tata Power, and Clean Energy Help Georgia Achieve Energy Self-sufficiency

4 days 18 hours ago
Tbilisi, Georgia, March 19, 2015—IFC, a member of the World Bank Group, the Asian Development Bank (ADB), and the European Bank for Reconstruction and Development (EBRD) are helping Georgia tap its hydropower potential and achieve energy self-sufficiency by investing in the construction and op

Campaign for Quality-Assured Solar Lighting in Rural India Launched

5 days 17 hours ago
New Delhi, India, March 19, 2015 — IFC’s Lighting Asia/India program that aims to provide safe, affordable, and high quality solar lights to people with limited or no access to electricity has launched Suryodaya™ - a consumer education campaign to increase the awareness of quality assured sola

IFC Finances MMI Steel Mozambique to Promote Local Industry, Cross-Border Investment

6 days 20 hours ago
Maputo, Mozambique, March 17, 2014—IFC, a member of the World Bank Group, today announced an investment of $13.5 million in MM Integrated Steel Mills Mozambique to support local industrial development and the regional growth of MMI’s Tanzanian-based parent company Motisun Group. The project wi

IFC’s Ground-Breaking Renewable Energy Deal in Jordan Scoops Prestigious Award

1 week 3 days ago
Dubai, United Arab Emirates, March 11, 2015—IFC, a member of the World Bank Group, has seen a ground-breaking renewable energy deal in Jordan scoop a prestigious award. Infrastructure Journal and Project Finance Magazine awarded its IJ Global Middle East Renewable Deal as well as the Middl

مؤسسة التمويل الدولية تفوز بجائرة أفضل مشروع للطاقة المتجددة

1 week 3 days ago
دبي، الإمارات العربية المتحدة، 11 مارس/ أذار 2015- أعلنت مؤسسة التمويل الدولية، عضو مجموعة البنك الدولي، عن حصول أحد مشروعاتها للطاقة المتجددة في الأردن على جائرة مرموقة. فقد منحت مجلة "إنفراستركتشر جورنال وبروجكت فينانس" العالمية جائزة أفضل مشروع للطاقة المتجددة في الشرق الأوسط بالإضافة

World Bank Group Supporting Private Sector Growth, Development in Somalia

1 week 3 days ago
Nairobi, Kenya, March 11, 2015 – The World Bank Group is supporting private sector development in Somalia, especially the development of smaller businesses, to help the country recover from conflict, create jobs and opportunities, and lay the foundation for future growth and stability. As

IFC Invests More than $22 Million in Indonesia’s Bank Mayora to Expand Lending to Micro and Smaller Businesses

1 week 3 days ago
Jakarta, Indonesia, March 10, 2015—IFC, a member of the World Bank Group, has made an equity investment of over 290 billion Indonesian rupiah (more than $22 million) in PT Bank Mayora, a member of leading Indonesian food manufacturing company Mayora Group, to provide greater access to finance

IFC Study Shows How Tanzania Became Mobile Financial Services Pioneer

1 week 3 days ago
Johannesburg, March 11, 2015 – IFC, a member of the World Bank Group, today published a study documenting the establishment of interoperability in the mobile financial services market in Tanzania, an arrangement that increases access to mobile financial services and advances financial inclusio

IFC Finances MMI Steel Mozambique to Promote Local Industry, Cross-Border Investment

1 week 3 days ago
Maputo, Moçambique, 17 de Março, 2015— O IFC, instituição membro do Grupo Banco Mundial, anunciou hoje um investimento na MM Integrated Steel Mills Moçambique em apoio ao desenvolvimento industrial local e ao crescimento regional da empresa Tanzaniana Motisun Grup. O projecto irá produzir chap

IFC Leads $175M Financing to Nigeria’s Guaranty Trust Bank to Promote Economic Growth

1 week 3 days ago
Lagos, Nigeria. March 17, 2015 – IFC a member of the World Bank Group, today announced a $175 million loan financing package to Guaranty Trust Bank Plc, to support its expansion program across all sectors of the Bank’s operations. GT Bank, one of Africa’s leading full service commercial banks,

IFC soutient les investissements des entreprises marocaines en Afrique subsaharienne

1 week 4 days ago
Rabat, Maroc, le 17 mars 2015—IFC, un membre du Groupe de la Banque mondiale, reconnaît que le dynamisme des pays d’Afrique subsaharienne combiné à un fort taux de croissance laisse entrevoir de belles opportunités d’affaires pour le développement des échanges et des investissements étrangers

IFC Highlights Sub-Saharan African Investment Opportunities for Moroccan Companies

1 week 4 days ago
Rabat, Morocco, March 17, 2015—IFC, a member of the World Bank Group, says that high growth and rapidly diversifying markets in Sub-Saharan Africa mean the region offers among the most promising foreign investment and trade opportunities for Moroccan companies today. Fueled by increased d

IFC Invests in Cambodia’s Amret Co. to Expand Lending for Micro and Smaller Businesses

1 week 6 days ago
Phnom Penh, Cambodia, 13 March 2015—IFC, a member of the World Bank Group, has acquired 19.9 percent of the share capital of Amret Co., the third-largest microfinance institution in Cambodia by gross outstanding loans, to increase lending to micro and smaller businesses as well as low-to-middl

IFC Supports Large-Scale Solar Power Facility in South Africa

1 week 6 days ago
Johannesburg, South Africa, March 13, 2015 – IFC, a member of the World Bank Group, announced today it is providing a ZAR 455 million ($37 million) loan to support a new solar thermal electricity power facility in South Africa’s Northern Cape region, building on a series of pioneering renewabl

World Bank Group, CelsiusPro Partner to Expand Access to Finance for Ukrainian Farmers by Innovative Agri Insurance Product

1 week 6 days ago
Kyiv, Ukraine, March 12, 2015 — The World Bank Group and Swiss index-insurance specialist CelsiusPro AG have partnered to make agricultural insurance in Ukraine more affordable for smaller companies, expanding farmers’ access to financial services and helping boost agricultural productivity.

IFC, The MasterCard Foundation, Software Group Launch Handbook on Alternative Delivery Channels and Technology

1 week 6 days ago
Johannesburg, March 12, 2015 - IFC, a member of the World Bank Group, and The MasterCard Foundation today launched a handbook on Alternative Delivery Channels and Technology. The handbook, produced in collaboration with Software Group, aims to help financial institutions successfully implement

IMF News

Jamaica: IMF Executive Board Completes Seventh Review Under the IMF's Extended Fund Facility and Approves US$39 Million Disbursement

6 hours 53 min ago

Kosovo: Concluding Statement of the 2015 Article IV Mission

10 hours 7 min ago

Malawi: Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Request for Waivers for Non-Observance of Performance Criteria, Extensions of the Arrangement, Modification of Performance Criterion, and Rephasing of Disbursements—Staff Repo

10 hours 8 min ago
Country Report

Malawi: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding

10 hours 8 min ago

Staff Discussion Notes No. 15/3: The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies

12 hours 36 min ago

Nigeria: Selected Issues Paper

13 hours 9 min ago
Country Report No. 15/85

Nigeria: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Nigeria

13 hours 29 min ago
Country Report No. 15/84

Transcript of a Conference Call on the 2015 Article IV Consultation with Romania

3 days 4 hours ago

Fiscal Multipliers in Ukraine

3 days 6 hours ago
Working Paper No. 15/71

Pakistan: IMF Executive Board Completes Sixth Review Under the EFF

3 days 6 hours ago

Spillovers in the Nordic Countries

3 days 8 hours ago
Working Paper No. 15/70

Investment Scaling-up and the Role of Government: the Case of Benin

3 days 8 hours ago
Working Paper No. 15/69

Romania: IMF Executive Board Concludes 2015 Article IV Consultation

3 days 11 hours ago

Romania: Selected Issues

3 days 11 hours ago
Country Report No. 15/80

Romania: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Romania

3 days 11 hours ago
Country Report No. 15/79

Press Release: IMF and China's Ministry of Finance Sign Agreement on Strengthening Fiscal Institutions and Capacity Development

3 days 17 hours ago

Press Release: IMF’s Middle East Regional Technical Assistance Center Concludes Workshop on the “Sixth Edition of the Balance of Payments and International Investment Position Manual (BPM6)”

4 days 3 hours ago

The Bahamas: IMF Mission Concludes Article IV Mission

4 days 5 hours ago

Press Release: IMF’s Africa Training Institute to Increase Training in Fiscal Year 2016

4 days 7 hours ago

Press Release: IMF Mission Commends Seychelles’ Macroeconomic Performance, Encourages Reforms to Safeguard Progress

4 days 8 hours ago

Transcript of a Press Briefing by William Murray, Deputy Spokesperson, Communications Department, IMF

4 days 8 hours ago

West African Economic and Monetary Union: IMF Executive Board Concludes 2015 Article IV Consultation

4 days 10 hours ago

Podcast: Delving into the World of Shadow Banks, by Lord Adair Turner

4 days 10 hours ago
Podcast

Guinea: IMF Executive Board Approves US$29.8 Million in Debt Relief Under the Catastrophe Containment and Relief Trust

4 days 11 hours ago

Technical Notes and Manuals: Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries

5 days 5 hours ago

Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+

5 days 7 hours ago
Working Paper No. 15/68

Samoa: Statement at the end of an IMF Staff Mission

5 days 7 hours ago

IMF Research Bulletin, March 2015

5 days 9 hours ago

Republic of Congo: IMF Staff Concludes Visit

5 days 10 hours ago

Ireland: IMF Executive Board Concludes 2015 Article IV Consultation

5 days 11 hours ago

Ireland: Selected Issues

5 days 11 hours ago
Country Report

Ireland: 2015 Article IV Consultation—Staff Report

5 days 11 hours ago
Country Report

Colombia: Concluding Statement of the 2015 Article IV Mission

6 days 1 hour ago

Sierra Leone: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, February 12, 2015

6 days 6 hours ago

Sierra Leone: Second Review Under the Extended Credit Facility Arrangement and Financing Assurances Review, and Requests for Augmentation of Access Under the Extended Credit Facility and Debt Relief Under the Catastrophe Containment and Relief Trust-Staff

6 days 6 hours ago
Country Report No. 15/76

IMF Survey: Sierra Leone Gets $102 Million in Extra IMF Financing, Debt Relief

6 days 10 hours ago

Burundi: IMF Executive Board Completes Sixth Review under Burundi’s ECF Arrangement, Augments Access and Approves US$6.9 Million Disbursement

1 week 3 hours ago

Malawi: IMF Executive Board Completes Fifth and Sixth Reviews under Malawi’s ECF Arrangement, and Approves US$ 18.1 Million Disbursement

1 week 4 hours ago

Press Release: IMF Executive Board Reviews the Role of Trade in the Fund’s Work

1 week 7 hours ago

IMF Survey: IMF Review Weighs How to Harness Trade for Growth

1 week 9 hours ago

IMF Policy Paper: Review of the Role of Trade in the Work of the Fund

1 week 10 hours ago

Uncertainty and Investment: The Financial Intermediary Balance Sheet Channel

1 week 12 hours ago
Working Paper No. 15/65

IMF Survey: Redistribution Has More Upsides than Downsides, Asian Officials Told

1 week 12 hours ago

Switzerland: Concluding Statement of the 2015 Article IV Mission

1 week 15 hours ago

IMF Managing Director Christine Lagarde Meets Senior Chinese officials, Speaks at 2015 China Development Forum

1 week 17 hours ago

Statement by IMF Managing Director Christine Lagarde on the Death of Lee Kuan Yew

1 week 1 day ago

Christine Lagarde: Monetary Policy in the New Normal

1 week 1 day ago

Christine Lagarde: Opening Remarks at the 2015 China Development Forum

1 week 1 day ago

Central African Republic: IMF Executive Board Approves US$7.63 Million Disbursement Under the Rapid Credit Facility

1 week 3 days ago

The Flexible System of Global Models – FSGM

1 week 3 days ago
Working Paper No. 15/64

Soft Power and Exchange Rate Volatility

1 week 3 days ago
Working Paper No. 15/63

Estimating Potential Growth in the Middle East and Central Asia

1 week 3 days ago
Working Paper No. 15/62

Islamic Republic of Afghanistan: IMF Mission Reaches Staff-Level Agreement on SMP

1 week 3 days ago

China and the Global Economy: Creating New Ingredients for Growth

1 week 3 days ago
Speech by Christine Lagarde, IMF Managing Director

IMF Staff Completes 2015 Article IV Mission to the Federated States of Micronesia

1 week 4 days ago

Burkina Faso: IMF Staff Concludes Review Mission

1 week 4 days ago

Tanzania: IMF Staff Holds Review Mission

1 week 4 days ago

ASEAN — The Challenges of Convergence and Integration, Remarks by David Lipton, First Deputy Managing Director, International Monetary Fund

1 week 4 days ago

IMF Survey: Study Examines Banking Vulnerabilities' Impact On Public Debt

1 week 4 days ago

Podcast: Finance for All: Promoting Financial Inclusion in Central Africa

1 week 4 days ago
Podcast

Antigua and Barbuda: IMF Staff Completes Mission for the Third Post-Program Monitoring

1 week 4 days ago

IMF Survey: Indonesia—Moving in a New Direction

1 week 4 days ago

Indonesia: Selected Issues

1 week 4 days ago
Country Report No. 15/75

Indonesia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Indonesia

1 week 4 days ago
Country Report No. 15/74

Islamic Finance and the Role of the IMF

1 week 5 days ago

Jordan: IMF Mission Reaches Staff-Level Agreement on Sixth Review Under the SBA

1 week 5 days ago

Iraq: IMF Staff Concludes the 2015 Article IV Mission

1 week 5 days ago

Transcript of a Conference Call on the Extended Fund Facility Arrangement with Ukraine

1 week 5 days ago

Honduras: IMF Concludes Review Mission

1 week 5 days ago

The Use and Effectiveness of Macroprudential Policies: New Evidence

1 week 6 days ago
Working Paper No. 15/61

Central Banking in Latin America: From the Gold Standard to the Golden Years

1 week 6 days ago
Working Paper No. 15/60

Fiscal Decentralization and the Efficiency of Public Service Delivery

1 week 6 days ago
Working Paper No. 15/59

Albania: Statement at the Conclusion of an IMF Mission

1 week 6 days ago

Luxembourg: Concluding Statement of the 2015 Article IV Mission

1 week 6 days ago

Portugal: Concluding Statement of the 2015 Article IV Mission

1 week 6 days ago

Republic of Belarus: Statement by the IMF Mission

1 week 6 days ago

IMF Managing Director Meets Prime Minister Modi, Announces High Level Regional Conference

1 week 6 days ago
Press Release

Lagarde Speech: Spillovers from Unconventional Monetary Policy - Lessons for Emerging Markets

1 week 6 days ago

OECD News - Corruption

OECD Integrity Forum 2015

1 week 13 hours ago
Integrity Week is an annual event organised by the OECD and its CleanGovBiz Initiative to actively support governments and organisations in their efforts to strengthen integrity, build trust, and fight corruption.

The World Bank - Governance

Transparent government and business regulation : "open for business?"

16 weeks 5 days ago
This paper presents new indicators for 185 economies measuring the accessibility of business regulatory information. The paper shows that the new data can serve as meaningful proxies for the overall transparency of governments and the new data have explanatory power for the quality of business regulation. The paper finds the regulatory environment to be most opaque in Sub-Saharan Africa and the Middle East and North Africa, where businesses can often only access basic regulatory information by meeting a government official. By contrast, in countries in the Organisation for Economic Co-operation and Development and Eastern Europe and Central Asia, access is more direct via websites, public billboards, and brochures. Moreover, Organisation for Economic Co-operation and Development economies are more consistent in their transparency efforts across government agencies. The paper also finds that while resources as proxied by income levels play some role in explaining why some economies make more information easily accessible than others, those resources are not the only determining factor; regardless of income, more democratic governments tend to make greater transparency efforts. Finally, easier access to basic regulatory information is associated with greater regulatory quality and less corruption.

Local foundations for better governance : A Review of Ghazala Mansuri and Vijayendra Rao's Localizing Development

16 weeks 5 days ago
In Localizing Development, Mansuri and Rao survey theory and evidence for development strategies based on local community empowerment. This note extends their theoretical argument by focusing on local government as a vital source of new leadership. Local leaders who provide better public service can prove their qualifications for higher office, but new competition from popular local leaders may be against the interests of incumbent national leaders. Thus, decentralization reforms that could benefit economic development may face powerful resistance. International assistance should promote a balanced development of local and national governments, along with a free press to monitor government at all levels. To better inform public discussions of decentralization reforms, the World Bank should actively support research on comparative subnational politics.

The World Bank - Porverty Reduction

Addressing access and behavioral constraints through social intermediation services : a review of Chile Solidario and Red Unidos

15 weeks 6 days ago
Social programs are often designed under the assumption that individuals make rational decisions that improve their welfare. Yet, informational and behavioral constraints limit the extreme and chronic poor's access and participation in social programs. This paper reviews the implementation and performance of two "social intermediation services" that were designed to address these constraints, improve beneficiaries' access to social programs, and help the poor surmount poverty: Chile Solidario, the first such service in Latin America, and Red Unidos, implemented later in Colombia. The analysis provides insights on key factors influencing performance, cost effectiveness, and the impacts that such services can be expected to have.

How significant is Africa's demographic dividend for its future growth and poverty reduction ?

16 weeks 22 hours ago
Africa will be undergoing substantial demographic changes in the coming decades with the rising working age share of its population. The opportunity of African countries to convert these changes into demographic dividends for growth and poverty reduction will depend on several factors. The outlook will likely be good if African countries can continue the gains already made under better institutions and policies, particularly those affecting the productivity of labor, such as educational outcomes. If African countries can continue to build on the hard-won development gains, the demographic dividend could account for 11 to 15 percent of gross domestic product volume growth by 2030, while accounting for 40 to 60 million fewer poor in 2030. The gains can become much more substantial with even better educational outcomes that allow African countries to catch up to other developing countries. If the skill share of Africa's labor supply doubles because of improvements in educational attainment, from 25 to about 50 percent between 2011 and 30, then the demographic dividends can expand the regional economy additionally by 22 percent by 2030 relative to the base case and reduce poverty by an additional 51 million people.

Party age and party color : new results on the political economy of redistribution and inequality

16 weeks 5 days ago
This paper advances research on inequality with unique, new data on income distribution in 61 countries, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a central -- but still contested -- assumption of the political economy literature, left-wing governments redistribute more. In addition, consistent with recent research on the importance of party organization and the organizational differences between younger and older parties, older left-wing parties are more likely to internalize the long-run costs of redistribution and to be more credible in their commitment to redistribution, leading them to redistribute less. With entirely different data, the paper also provides evidence on mechanisms: left-wing governments not only redistribute more, they tax more; older left-wing parties, though, tax less than younger ones.

World Trade Organization - News

Members conclude oral review of three regional trade agreements

10 hours 15 min ago
The Committee on Regional Trade Agreements, on 30 March 2015, considered and concluded the oral review of three regional trade agreements covering both goods and services.

Food safety body agrees to e-working group “time out” on definition of private standards

4 days 10 hours ago
WTO members meeting as the committee dealing with food safety and animal and plant health have agreed to a time out in the efforts of an electronic working group to agree on a working definition of SPS-related private standards after failing to bridge their impasse on the issue.

Azevêdo says lack of trade finance can be a significant trade barrier for developing countries

4 days 10 hours ago
Director-General Roberto Azevêdo, in opening the seminar on “Trade Finance in Developing Countries” at the WTO on 26 March 2015, pointed to a recent WTO Secretariat paper that showed trade financing gaps are “the highest in the poorest countries, notably in Africa and Asia”. He said that “lack of development in the financial sector can be a significant barrier to trade”, and told participants “let’s redouble efforts to work together and resolve this problem”.

Goods Council agrees on 2015 chairs

4 days 10 hours ago
The Goods Council, on 26 March, elected by acclamation its new chair, Ambassador Héctor Casanueva (Chile). It approved a list of new chairs of its subsidiary bodies.

Peru appeals panel report on additional duty on certain agricultural products

5 days 10 hours ago
Peru filed a Notice of Appeal on 25 March 2015 regarding the panel report on “Peru – Additional Duty on Imports of Certain Agricultural Products” (DS457).

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

5 days 10 hours ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 25 March 2015, 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”.

Panels established at the request of Pakistan, European Union and Korea

5 days 10 hours ago
At its regular meeting on 25 March, the Dispute Settlement Body established three panels to study, respectively, complaints by Pakistan against the EU over PET products; the EU against Russia over tariff treatment of agricultural and manufacturing products; and Korea against the United States over anti-dumping measures on oil country tubular goods.

Azevêdo urges continued support for fund helping developing countries implement international standards

5 days 10 hours ago
Director-General Roberto Azevêdo, at a reception for participants in the Standards and Development Facility (STDF) meeting at the WTO on 26 March, said that the one of the most frequent issues raised by business people in developing countries are the difficulties they face in meeting required standards. He welcomed the recent extension of the STDF programme for the next five years, stressing that the “partnership has accomplished a great deal”.

Regional initiatives cannot substitute for the multilateral trading system—Azevêdo

6 days 10 hours ago
Director-General Roberto Azevêdo, in a lecture at the Stockholm School of Economics in Riga, Latvia on 24 March, noted that bilateral and regional trade agreements have been “growing rapidly” but stressed that “there are many big issues which can only be tackled in an efficient manner in the multilateral context through the WTO,” citing as “a good example” the Trade Facilitation Agreement struck in Bali. He said that most of the big challenges facing world trade are “global problems demanding global solutions”.

Encouraging signs on acceptance of WTO’s Trade Facilitation Agreement

6 days 10 hours ago
WTO members reported on 24 March on efforts now underway to formally accept the new Trade Facilitation Agreement (TFA), with many affirming their hope of seeing the agreement enter into force by the WTO’s 10th Ministerial Conference in Nairobi next December.

Trade Policy Review: Pakistan

6 days 13 hours ago
The fourth review of the trade policies and practices of Pakistan takes place on 24 and 26 March 2015. The basis for the review is a report by the WTO Secretariat and a report by the Government of Pakistan.

Farm talks see more detailed discussion on new ideas, but differences remain

1 week 3 days ago
Two papers from members on possible new approaches to tariff reductions, a series of consultations in smaller groups on market access and domestic support, and an agriculture negotiations meeting of the full membership on 20 March 2015 have deepened the discussions on these topics.

Azevêdo underscores WTO commitment to trade programme for poorest countries

1 week 4 days ago
Director-General Roberto Azevêdo, in closing the Enhanced Integrated Framework’s (EIF) ‘Global Platform’ meeting at the WTO on 19 March 2015, said that “we can take pride in the fact that the EIF is becoming more flexible, more efficient, more effective and more adaptable, to the specific needs of the least developed countries”. He urged participants to “continue working together to ensure that the second phase of the EIF is the major success story that we all want to see”.

WTO members discuss IT security regulations in banking

1 week 5 days ago
WTO members engaged in a discussion on IT security regulations in relation to banking and smartcard chips at the first Technical Barriers to Trade (TBT) Committee meeting of 2015 on 18-19 March.

New 5-year plan approved for assistance in food safety, animal and plant health

1 week 5 days ago
Five agencies and their partners operating a programme to help developing countries meet international standards on food safety and animal and plant health have approved plans for 2015–2019 designed to further strengthen safe trade.

Azevêdo reports continued progress on Doha work programme talks

1 week 5 days ago
Director-General Roberto Azevêdo called a meeting of all members today (18 March) to share information and review progress on negotiations to agree a work programme on the remaining issues of the Doha Development Agenda.

WTO and WIPO deliver advanced training on intellectual property for policymakers

2 weeks 10 hours ago
An Advanced Course on Intellectual Property for Government Officials opened on 16 March 2015, aiming to enhance the capacity of governments in developing countries and in countries with economies in transition to develop national expertise in intellectual property matters.

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. Alain Destexhe is the current Chair of the Parliamentary Network.

 

The Network – via its international secretariat, regional chapters and country chapters – reaches over 1500 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