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IFC Press Releases

IFC Helps Crédit du Congo and Total Provide Greater Access to Finance in the Republic of Congo

12 min 45 sec ago
Pointe-Noire, Republic of Congo, August 23, 2016—IFC, a member of the World Bank Group has entered into a risk-sharing agreement with Crédit du Congo, a subsidiary of the Attijariwafa Bank Group. IFC and Crédit du Congo will share risks on a portfolio of up to XAF10 billion (approximately $17.

Beijing, December 17, 2015—IFC, a

12 min 45 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

IFC Partners with Eurobank in Greece to Boost International Trade

12 min 45 sec ago
Athens, Greece, August 23, 2016—IFC, a member of the World Bank Group, is providing a €100 million trade finance facility to Eurobank, a leading Greek bank, as part of IFC’s Global Trade Finance Program (GTFP), marking the first entry of a bank in Greece into IFC’s trade program. IFC’s tra

IFC Supports Development and Environmental Protection in Bosnia and Herzegovina

1 day 14 hours ago
Sarajevo, Bosnia and Herzegovina, August 22, 2016—IFC, a member of the World Bank Group, is helping chemical maker Sisecam Soda Lukavac enhance its competitiveness and invest in environmentally friendly technology, part of an effort to spur economic growth and safeguard the environment in Bosn

IFC в партнерстве с Soufflet создает возможность для развития бизнеса производителям зерна в Европе и Средней Азии

3 days 20 hours ago
Париж, Франция, 22 августа, 2016—IFC, входящая в Группу Всемирногобанка, предоставила французскому производителю и переработчику зерна Soufflet Group кредит в размере €30 миллионов на финансирование долгосрочной инвестиционной программы группы, нацеленной на развитие агробизнеса в Казахстане,

IFC, Canada and Clean Technology Fund to Invest in Biomass Power Project of ThomasLloyd and Bronzeoak in the Philippines

4 days 19 hours ago
Manila, Philippines, August 19, 2016 - IFC, a member of the World Bank Group, with support from the Government of Canada and the Clean Technology Fund, announced today an investment of $161 million in three biomass power plants in Negros Occidental, the Visayan island. The project is expected

IFC’s Innovative Financing to Akbank Will Boost Lending to Smaller Businesses in Turkey

4 days 19 hours ago
Istanbul, Turkey, August 19 , 2016— IFC, a member of the World Bank Group, has extended $250 million in financing to Akbank, one of Turkey’s leading banks, to further enhance the Bank’s lending to small and medium enterprises (SMEs). IFC’s eight-year funding package will support Akbank’s Div

IFC Helps Vietnam’s Banking Sector Grow with Strength

1 week 15 hours ago
Hanoi, Vietnam, August 18, 2016—IFC, a member of the World Bank Group, supports the adoption of international risk-management practices in Vietnam to strengthen the banking sector. Industry executives attended a half-day workshop to discuss how best to implement the Internal Capital Adequa

IFC, Barry Callebaut, IDH Support Access to Finance for Côte d’Ivoire’s Smallholder Farmers

1 week 1 day ago
Washington, DC, August 18, 2016 -- IFC, a member of the World Bank Group, Barry Callebaut, a leading manufacturer of high-quality chocolate, and the Netherlands Sustainable Trade Initiative (IDH) today announced a $9 million risk-sharing agreement to help up to 100,000 smallholder cocoa farmer

IFC Invests in Assan Aluminum, Supporting Modernization and Energy Efficiency Improvements

1 week 2 days ago
Istanbul, Turkey, August 17, 2016—IFC, a member of the World Bank Group, is providing a $55 million loan to Assan Aluminum, a subsidiary of Kibar Holding and a leader in flat-rolled aluminum products in Turkey, to support the company’s modernization, boost energy efficiency and spur growth.

IFC provides BRL 80 million to Phoenix Tower to support the acceleration of its footprint in Brazil, promoting wider coverage and affordability of telecommunications services

1 week 2 days ago
São Paulo, August 16th  2016 — IFC, a member of the World Bank Group, has committed to provide a BRL 80 million financing to Phoenix Tower Participações S.A. (“Phoenix Brazil”), a wireless infrastructure operator, to support the acceleration of its telecommunication towers footprint in Brazil.

IFC investe R$ 80 milhões na Phoenix Tower para financiar a expansão da sua presença no Brasil, promovendo maior cobertura e acessibilidade aos serviços de telecomunicações

1 week 2 days ago
São Paulo, 16 de agosto de 2016 — A IFC, membro do Grupo do Banco Mundial, comprometeu-se a oferecer uma linha de crédito de R$ 80 milhões à operadora de infraestrutura wireless Phoenix Tower Participações S.A. (“Phoenix Brasil”), para financiar o aumento do número de suas torres de telecomuni

IFC Works with Vietnam Investments Group to Boost Governance and Performance among Its Portfolio Companies

1 week 3 days ago
Hanoi, Vietnam, August 15, 2016—IFC, a member of the World Bank Group, is working with private equity firm Vietnam Investments Group (VI Group) to improve corporate governance practices among its portfolio companies. Good governance boosts company performance, increases access to finance, and

IFC Investments Support Trade and Economic Development across MENA

1 week 3 days ago
Cairo, Egypt, August 15, 2016—IFC, a member of the World Bank Group, invested $839 million over the last fiscal year to help banks extend trade financing for their clients, boosting cross border trade and spurring economic development. In fiscal year 2016, IFC inked three trade financing ag

IFC Launches Web Portal to Boost Off-Grid Access, Renewable Energy Production in Tanzania

1 week 4 days ago
Dar es Salaam, Tanzania, August 11, 2016 -- IFC, a member of the World Bank Group, today announced the launch of a web portal to speed the development of mini-grids in Tanzania, helping the country boost its energy production and increase access to electricity through renewable sources such as

BMR Today Inaugurates Jamaica’s Largest Private Sector Wind Farm

1 week 4 days ago
Kingston, Jamaica – August 11, 2016 — BMR Energy LLC today celebrates the start of operations of its 36 megawatt wind farm in Jamaica, the country’s largest private-sector renewable energy project. With support from The Overseas Private Investment Corporation (OPIC), the International Finance

IMF News

Optimal Debt Policy Under Asymmetric Risk

12 hours 59 min ago
Working Paper No. 16/178

Central African Economic and Monetary Community (CEMAC) : Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director

13 hours 3 min ago
Country Report No. 16/277

Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries

16 hours 10 min ago
IMF African Departmental Paper

FY2016 - Output Cost Estimates and Budget Outturn Paper

1 day 6 hours ago
IMF Policy Paper

IMF Video:IMF and Jordan: The Road Ahead

1 day 8 hours ago

IMF Executive Board Approves US$723 million Extended Arrangement Under the Extended Fund Facility for Jordan

1 day 8 hours ago

IMF Executive Board Concludes 2016 Article IV Consultation with Barbados

2 days 9 hours ago

Global Labor Markets: Conference and Call for Papers, September 1-2, 2016

2 days 9 hours ago

Growing Apart, Losing Trust? The Impact of Inequality on Social Capital

3 days 8 hours ago
Working Paper No. 16/176

Profitability and Balance Sheet Repair of Italian Banks

4 days 8 hours ago
Working Paper No. 16/175

IMF Executive Board Concludes 2016 Article IV Consultation Discussions with the Kingdom of the Netherlands-Curaçao and Sint Maarten

4 days 9 hours ago

IMF Staff Concludes Review Mission to Jamaica

1 week 11 hours ago

IMF Mission Visits Suriname for First Review of Stand By Arrangement

1 week 13 hours ago

Rethinking Poverty

1 week 15 hours ago

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

1 week 2 days ago
Country Report No. 16/274

Chad: Selected Issues

1 week 2 days ago
Country Report No. 16/275

Aggregate Uncertainty and Sectoral Productivity Growth: The Role of Credit Constraints

1 week 2 days ago
Working Paper No. 16/174

Republic of Madagascar: Request for an Arrangement Under the Extended Credit Facility: First Review Under the Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar

1 week 3 days ago
Country Report No. 16/273

IMF Updates Central Bank Legislation Database

1 week 3 days ago

OECD News - Corruption

Public consultation on foreign bribery and the liability of legal persons

0 sec ago
The liability of legal persons is a key feature of the emerging legal infrastructure for the global economy. Without it, governments face a losing battle in the fight against foreign bribery and other complex economic crimes.

OECD News - Development

International Economic Forum on Latin America and the Caribbean

12 weeks 15 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

12 weeks 3 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

13 weeks 15 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?

13 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

13 weeks 3 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

13 weeks 4 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

13 weeks 4 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

14 weeks 1 day 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

Strengthening competition in network sectors and the internal market in Canada

3 weeks 2 days ago
Canada’s productivity performance has lagged that of many other OECD countries, despite some improvement in recent years.

Pump-priming productivity through reform: the case of Lithuania

3 weeks 3 days ago
In the past two decades, the income level in Lithuania has steadily risen toward that of OECD countries. Between 1995 and 2013, GDP per capita rose from one third to two thirds of the OECD average. Productivity catch-up was critical to this process, aided by enhanced integration into the global economy which enabled the adoption of more advanced production technologies from abroad.

OECD News - Finance

NZ-OECD Global Symposium on Financial Education

0 sec ago
Auckland, New Zealand, 12-13 October 2016. Discussions will focus on innovative policies and strategies around financial education and consumer protection.

NZ-OECD Global Symposium on Financial Education

0 sec ago
Auckland, New Zealand, 12-13 October 2016. Discussions will focus on innovative policies and strategies around financial education and consumer protection.

World Trade Organization - News

General Council: Proposed agenda

4 weeks 2 days ago

Mexico ratifies Trade Facilitation Agreement

4 weeks 3 days ago
Mexico has ratified the WTO’s Trade Facilitation Agreement (TFA) in the latest signal of support for the landmark global deal. Mexico’s WTO ambassador Fernando De Mateo presented his country’s instrument of ratification to WTO Director-General Roberto Azevêdo on 26 July.

Trade Policy Review: Singapore

4 weeks 3 days ago
The seventh review of the trade policies and practices of Singapore takes place on 26 and 28 July 2016. The basis for the review is a report by the WTO Secretariat and a report by the Government of Singapore.

Report urges WTO members to resist protectionism and “get trade moving again”

4 weeks 4 days ago
WTO members need to avoid putting up barriers and “get trade moving again” in order to address slow global economic growth, according to the Director-General’s mid-year report on trade-related developments issued on 25 July. The Trade Monitoring Report concludes that the “best safeguard we have against protectionism is a strong multilateral trading system”.

Trade Policy Review Body meeting – trade monitoring

4 weeks 4 days ago

Advanced Trade Policy Course concludes in Geneva

4 weeks 4 days ago
Twenty-eight participants from around the world attended the two-month Advanced Trade Policy Course from 23 May to 15 July 2016 at the WTO headquarters in Geneva. The course, which represents the highest level of training (level 3) in the WTO’s progressive learning framework, was closed by the patron, H.E. Mr Junichi Ihara, Permanent Representative of Japan to the WTO, and Ms Bridget Chilala, Director of the WTO’s Institute for Training and Technical Cooperation.

DG Azevêdo urges WTO members to bring forward proposals for future negotiations

4 weeks 4 days ago
Director-General Roberto Azevêdo convened a meeting of all WTO members today (25 July) to discuss the potential issues which members would like to take forward in the organization’s future negotiating work, including in the context of the WTO’s 11th Ministerial Conference in 2017. Members took the opportunity to update each other on the consultations that have been taking place in recent weeks, and the Director-General reported on the discussions he has held with WTO members in Geneva and at ministerial level, through bilateral visits and at ministerial meetings, including UNCTAD 14 in Kenya, the G20 trade ministers in China, and APEC trade ministers in Peru.

Azerbaijan committed to “intensifying” WTO accession talks

5 weeks 13 hours ago
Azerbaijan told WTO members at an accessions working party meeting on 22 July 2016 that “we will enact all possible measures to intensify our accession process”. The chair of the working party, Ambassador Walter Werner (Germany), commended Azerbaijan for its progress in bringing its trade regime in compliance with WTO rules but urged members and Azerbaijan to “accelerate” the pace of negotiations.

Jordan launches safeguard investigation on aluminium bars, rods and profiles

5 weeks 13 hours ago
On 22 July 2016, Jordan notified the WTO’s Committee on Safeguards that it will initiate on 24 July 2016 a safeguard investigation on aluminium bars, rods and profiles.

DG Azevêdo: Trade remains vital for China’s economic development

5 weeks 13 hours ago
Director-General Roberto Azevêdo visited Beijing, China, on 22 July to attend the “1+6” Round Table Dialogue hosted by Chinese Premier Li Keqiang, together with other heads of major international economic organizations and financial institutions. They discussed the state of play in the global economy, the current challenges China faces in continuing on its path of growth and development, and how trade and the WTO can continue to support these efforts.

Korea offers USD 350,000 to help developing countries take part in trade negotiations

5 weeks 13 hours ago
The Republic of Korea has donated USD 350,000 (over CHF 340,000) to help developing and least-developed countries (LDCs) participate effectively in WTO multilateral trade negotiations in 2016. This contribution to the WTO’s Doha Development Agenda Global Trust Fund (DDAGTF) will finance training workshops for government officials both in Geneva and elsewhere. The funding will also help these members meet their WTO obligations and fully benefit from WTO membership.

WTO improves visibility of government procurement information

5 weeks 13 hours ago
The WTO has launched an enhanced version of its e-GPA web portal (version 2.0). This enhanced portal provides a single point of access to the market access information under the WTO’s revised Agreement on Government Procurement (GPA), together with related information that the GPA parties are committed to provide. The portal serves as a market access information tool for governments, businesses and other interested parties.

Chinese Taipei donates CHF 35,000 for implementation of Trade Facilitation Agreement

5 weeks 13 hours ago
The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei) has donated nearly CHF 35,000 in 2016 to help the WTO’s developing and least-developed countries (LDCs) reap the full benefits of the Trade Facilitation Agreement. This is Chinese Taipei’s first contribution to the Trade Facilitation Agreement Facility (TFAF), which aims to help developing countries implement the agreement.

Post-accession forum discusses benefits of WTO membership for Liberia and Afghanistan

5 weeks 1 day ago
A Post-Accession Forum for Afghanistan and Liberia took place on the margins of UNCTAD 14 on 19 July in Nairobi, Kenya. The Forum, co-organized by the WTO and UNCTAD, congratulated the two least-developed countries on completing their WTO accession negotiations and looked ahead to how the two countries would benefit from WTO membership.

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

5 weeks 1 day ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 21 July 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”.

WTO launches new annual statistical publication

5 weeks 1 day ago
The WTO launched a new annual statistical publication — the “World Trade Statistical Review” — on 21 July. This new publication provides insights into how world trade has evolved in recent years by analysing the latest trade statistics within an economic context.

Trade Policy Review: China

5 weeks 2 days ago
The sixth review of the trade policies and practices of China takes place on 20 and 22 July 2016. The basis for the review is a report by the WTO Secretariat and a report by the Government of China.

European Union files dispute against China over duties on export of raw materials

5 weeks 3 days ago
On 19 July 2016 the European Union notified the WTO Secretariat of a request for consultations with China over duties and other measures concerning the exportation of certain raw materials. In its request, the EU alleges that the duties, quotas and other restrictions are inconsistent with China’s Protocol of Accession and other WTO provisions. The EU request follows a similar one filed by the United States on 13 July.

US request for retaliation against India in farm goods dispute referred to arbitration

5 weeks 3 days ago
The United States’ request for authorization to suspend concessions or other obligations with respect to India in a dispute over certain farm products was referred to arbitration at a special meeting of the Dispute Settlement Body (DSB) on 19 July.

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

5 weeks 3 days ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 19 July 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”.

DG Azevêdo at UNCTAD 14: ‘International organisations must help drive change’

5 weeks 4 days ago
Director-General Roberto Azevêdo visited Nairobi, Kenya, on 18 July to take part in the 14th meeting of the United Nations Conference on Trade and Development (UNCTAD). He conducted numerous meetings with ministers and others, took part in the World Leaders Summit and Heads of Agency Roundtable, and participated in a ministerial panel session entitled ‘Where next for the Multilateral Trading System’.

Viet Nam launches safeguard investigation on pre-painted galvanized steel sheet and strip

5 weeks 4 days ago
On 18 July 2016, Viet Nam notified the WTO’s Committee on Safeguards that it initiated on 6 July 2016 a safeguard investigation on pre-painted galvanized steel sheet and strip.

Honduras ratifies Trade Facilitation Agreement

6 weeks 13 hours ago
Honduras has ratified the WTO’s Trade Facilitation Agreement (TFA), becoming the fifth Central American nation to accept the new accord. Honduras’ Vice-Minister Melvin Redondo presented his country’s instrument of ratification to WTO Director-General Roberto Azevêdo on 14 July.

Over 100 sessions to be held at 2016 Public Forum

6 weeks 13 hours ago
A total of 102 sessions will take place at the 2016 WTO Public Forum to be held from 27 to 29 September at the WTO’s headquarters in Geneva. Entitled “Inclusive Trade”, the Forum will focus on how to ensure that trade benefits everyone, with a particular emphasis on enabling women, innovative start-ups and small and medium-sized enterprises (SMEs) to take advantage of the opportunities provided by trade.

DG Azevêdo welcomes Liberia as 163rd WTO member

6 weeks 1 day ago
Liberia joined the WTO today (14 July 2016) as its 163rd member, after nearly 10 years of negotiating its accession terms with WTO members. Liberia is the eighth least-developed country (LDC) to accede to the WTO through negotiations.

United States initiates WTO dispute proceedings against Chinese export duties on raw materials

6 weeks 2 days ago
The United States notified the WTO Secretariat on 13 July that it has initiated WTO dispute proceedings against China regarding export duties allegedly imposed on certain raw materials.

Trade Policy Review: Tunisia

6 weeks 2 days ago
The third review of the trade policies and practices of Tunisia takes place on 13 and 15 July 2016. The basis for the review is a report by the WTO Secretariat and a report by the Government of Tunisia.

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.
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