News Feed

IFC Press Releases

Private Sector is Key Driver for Growth in the Middle East and North Africa

24 min 54 sec ago
CAIRO, Egypt, July 25, 2016 – The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa (MENA) if effective policies are put in place to address key challenges across the region, according to a report from three leading international dev

IFC Works with Media across Asia to Foster Greater Awareness of Corporate Governance

24 min 54 sec ago
Bangkok, Thailand, July 26, 2016—IFC, a member of the World Bank Group, is hosting a two-day corporate governance workshop to update regional media on effective practices among public companies. Two dozen business editors and reporters from Cambodia, China, Indonesia, Lao People’s Democratic R

Beijing, December 17, 2015—IFC, a

24 min 54 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, Eximbank Strengthen Partnership in North Africa and Levant

14 hours 57 min ago
Cairo, Egypt, July 25, 2016—IFC, a member of the World Bank Group, and  development partner Eximbank are continuing to provide innovative financial products for Egyptian farmers, and help smaller businesses in Egypt as well as North African and Levant countries adopt sustainable energy technol

IFC invests $35 million in the expansion of Belagrícola, supporting small and medium farmers in Brazil

1 day 5 hours ago
São Paulo, July 22, 2016 —IFC, a member of the World Bank Group, announced an investment of $35 million to support the expansion of Belagrícola, one of Brazil’s leading distributor of agricultural inputs and grain originator, supporting the sustainable growth of the agribusiness sector, which

IFC investe US$ 35 milhões no plano de expansão da Belagrícola, apoiando pequenos e médios agricultores no Brasil

1 day 5 hours ago
São Paulo, 22 de julho de 2016 — A IFC, membro do Grupo Banco Mundial, anuncia um investimento de US$ 35 milhões para apoiar o plano de expansão da Belagrícola, um dos maiores distribuidores de insumos agrícolas e comercializadores de grãos do Brasil, contribuindo para o crescimento sustentá

IFC Trains Banking Executives to Improve Corporate Governance and Risk Management in Lao PDR

4 days 49 min ago
Vientiane, Lao PDR, July 21, 2016—IFC, a member of the World Bank Group, is helping train banking professionals in Lao People’s Democratic Republic adopt best corporate governance and risk management practices. This will help Lao commercial banks strengthen risk governance, improve sustainabil

IFC, Sampath Bank Boost Trade Finance for Small Businesses in Sri Lanka

4 days 49 min ago
Colombo, Sri Lanka, July 21, 2016—IFC, a member of the World Bank Group, is partnering with Sampath Bank PLC to provide trade financing for Sri Lankan exporters to help them access global markets and boost the country’s trade. IFC will support the bank’s trade-finance business by partially

IFC Helps Boost Lending to Small and Medium Businesses in Tunisia

5 days 9 hours ago
Tunis, Tunisia, July 20, 2016—IFC, a member of the World Bank Group, is providing a €25 million loan to the Tunisian bank BTK (BPCE Group), part of an effort to support small and medium enterprises (SMEs) and drive economic growth in Tunisia. The financing is expected to help BTK expand it

IFC soutient le financement des petites et moyennes entreprises en Tunisie

5 days 13 hours ago
Tunis, Tunisie, le 20 juillet 2016—IFC, membre du Groupe de la Banque mondiale, accorde une ligne de crédit de 25 millions d’euros à la banque tunisienne BTK (Groupe BPCE), pour favoriser les prêts aux petites et moyennes entreprises (PME) et soutenir la croissance en Tunisie. Grâce à ce f

MENA Startups Must Offer More Incentives to Attract Talent: Report

6 days 5 hours ago
Cairo, Egypt, July 19, 2016–A report sponsored by IFC, a member of the World Bank Group, and conducted by the Wamda Research Lab, has found that although entrepreneurs are creating jobs in the Middle East and North Africa, they often struggle to find and retain talented employees. The repo

IFC and Eversheds Address Energy Supply, Security and Diversification Needs in Asia

6 days 5 hours ago
Singapore, July 19, 2016—IFC, a member of the World Bank Group, partnered with Eversheds to host a series of workshops in June on Southeast Asia’s renewable future to highlight the region’s energy needs and private sector investment potential. Over 150 people attended the knowledge sharing

IFC, KiK Offer Financial Incentives to Emerging Markets Suppliers for Stronger Environmental and Social Performance

1 week 2 hours ago
Washington D.C., July 18, 2016—IFC, a member of the World Bank Group, has launched a partnership with KiK, a large German discount apparel retailer, to provide financing incorporating incentives for improving environmental, health and safety and social standards to KiK suppliers in China. In t

IFC provides $50 million to Banco Patagonia to promote access to finance for SMEs in Argentina

1 week 9 hours ago
Washington, D.C./Buenos Aires, Argentina, July 15, 2016 – IFC, a member of the World Bank Group, will provide $50 million to Banco Patagonia to expand the bank’s long-term lending to small and medium enterprises (SMEs) in Argentina. Banco Patagonia is a leading source of financing for SMEs in

IFC brinda USD 50 millones a Banco Patagonia para promover el acceso al financiamiento de las PYMEs en Argentina

1 week 23 hours ago
Washington, D.C./Buenos Aires, Argentina, 15 de Julio de 2016 – La Corporación Financiera Internacional (IFC) miembro del Grupo del Banco Mundial, brindará USD 50 millones a Banco Patagonia a fin de expandir los préstamos a largo plazo del banco a pequeñas y medianas empresas (PYMEs) en la Rep

IFC Railway Investment to Improve Transport for Freight and Passengers in Gabon

1 week 4 days ago
Dakar, Senegal, July 14, 2016 — IFC, a member of the World Bank Group, has agreed to provide 52.5 million euros ($58 million) of debt financing to boost the capacity and improve the efficiency of Gabon’s rail network and improve the Central African country’s trade and transport links. The

IFC, Moody’s Program Encourages Institutional Investors to Support Infrastructure Financing in East Africa

1 week 4 days ago
Nairobi, Kenya, July 14, 2016 – IFC, a member of the World Bank Group, and Moody’s Investors Service yesterday concluded a first investor seminar as part a broader effort  to help East African countries finance large infrastructure projects and build their economies. Yesterday’s event highligh

IFC Supports B. Braun Melsungen`s local pharmaceuticals manufacturing in Indonesia

1 week 5 days ago
Washington D.C., July 12, 2016—IFC, a member of the World Bank Group, will provide a loan equal to 450 billion Indonesian Rupiah (approximately 33 million US Dollars) to B. Braun Melsungen AG operations in Indonesia to help finance construction of a local facility for the manufacturing of high

IFC Launches FY17 Bond Program, Raising $2.5 Billion to Support Private Sector Development

1 week 5 days ago
Washington, D.C., July 13, 2016—IFC, a member of the World Bank Group, today issued a $2.5 billion global bond—a heavily oversubscribed issuance that marked a solid start to the institution’s annual borrowing program to support private sector development in emerging markets. The five-year

IFC Mendukung B. Braun Melsungen untuk Membangun Pabrik Farmasi di Indonesia

1 week 5 days ago
Washington DC, 12 Juli 2016 – IFC, anggota kelompok Bank Dunia, akan memberikan pinjaman sebesar 450 milyar IDR (sekitar 33 juta USD) untuk mendukung operasi B. Braun Melsungen AG di Indonesia dalam bentuk pembiayaan pembangunan pabrik Injeksi Volume Besar (LVP) berkualitas tinggi. LVP ada

IMF News

Calculation of Illustrative Currency Amounts

13 hours 46 min ago
As of July 25 2016

IMF Executive Board Concludes 2016 Article IV Consultation with Chad

15 hours 27 min ago

IMF Executive Board Concludes the 2016 Article IV Consultation with Guinea

16 hours 49 sec ago

Currency Amounts in the SDR Basket - Proposed Changes to the Rounding Methodology

16 hours 43 min ago
IMF Policy Paper

IMF Modifies Rounding Methodology for Determining Currency Amounts in the SDR Basket and Publishes Illustrative Currency Amounts for the New Valuation Period

17 hours 9 min ago

Climate Mitigation in China: Which Policies Are Most Effective?

17 hours 52 min ago
Working Paper No. 16/148

IMF Staff Concludes Visit to West Bank and Gaza

18 hours 17 min ago

IMF Staff Concludes Visit to West Bank and Gaza

18 hours 17 min ago

IMF Christine Lagarde Calls for Broad-based Policy Effort to Reinvigorate Growth

1 day 15 hours ago

The Role of the SDR: Initial Considerations; Staff Note for the G20

2 days 5 hours ago

Strengthening the Framework for Post Program Monitoring

3 days 16 hours ago

IMF Executive Board Approves US$3.47 billion for Morocco Under the Precautionary and Liquidity Line

3 days 18 hours ago

Staff Background Paper for the G20 Surveillance Note - Priorities for Structural Reforms in G20 Countries

3 days 20 hours ago
IMF Policy Paper

IMF Policy Paper: Group of Twenty - Reinvigorating Trade to Support Growth: A Path Forward

3 days 23 hours ago

Statement by IMF Communications Director Gerry Rice on the Managing Director’s Legal Case in France

4 days 2 min ago

Statement by IMF Communications Director Gerry Rice on the Managing Director’s Legal Case in France

4 days 2 min ago

Uruguay and IMF to Host High Level Conference on Structural Reforms and Growth

4 days 17 hours ago

IMF Mission Concludes Visit to Jamaica, Discusses Modalities of Possible Future Engagement

4 days 18 hours ago

Republic of Armenia: Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia

4 days 21 hours ago
Country Report No. 16/246

Ukraine: Technical Assistance Report-Regulation of Market Abuse and Issuer Disclosure Requirements

4 days 22 hours ago
Country Report No. 16/242

Niger: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 24, 2016

4 days 22 hours ago

Niger : Eighth Review Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria and for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Nig

4 days 23 hours ago
Country Report No. 16/247

Sierra Leone: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 16, 2016

4 days 23 hours ago

Sierra Leone : Sierra Leone: Selected Issues

4 days 23 hours ago
Country Report No. 16/237

Sierra Leone : 2016 Article IV Consultation and Fifth Review Under the Extended Credit Facility and Financing Assurances Review and Request for an Extension of the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Direct

4 days 23 hours ago
Country Report No. 16/236

Group of Twenty (G-20) IMF Surveillance Note

5 days 50 min ago
Finance Ministers and Central Bank Governors' Meetings in Chengdu, China

Liberia : Selected Issues

5 days 1 hour ago
Country Report No. 16/239

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

5 days 1 hour ago
Country Report No. 16/238

IMF Executive Board Concludes 2016 Article IV Consultation with the United Arab Emirates

5 days 13 hours ago

IMF Executive Board Approves A US$44.9 million Extended Credit Facility Arrangement to Support the Islamic Republic of Afghanistan

5 days 14 hours ago

IMF Video: Press Conference: Regional Economic Outlook for Latin America and the Caribbean

5 days 19 hours ago

Italy: Technical Assistance Report-Enhancing Governance and Effectiveness of the Fiscal Agencies

5 days 21 hours ago
Country Report No. 16/241

Dominica: Selected Issues

5 days 21 hours ago
Country Report No. 16/245

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

5 days 21 hours ago
Country Report No. 16/244

IMF Executive Board Completes Fourth PSI Review for Tanzania and Concludes 2016 Article IV Consultation

5 days 22 hours ago

IMF Executive Board Concludes the 2016 Article IV Consultation with Dominica

5 days 22 hours ago

Video: East-West Migration and Income Convergence in Europe

6 days 3 hours ago
Emigration and Its Economic Impact on Eastern Europe

Emigration and Its Economic Impact on Eastern Europe

6 days 3 hours ago
Staff Discussion Notes No. 16/7

St. Vincent and the Grenadines: 2016 Article IV Consultation-Press Release; Staff Report

6 days 15 hours ago
Country Report No. 14/243

IMF Executive Board Concludes 2016 Article IV Consultation with St. Vincent and the Grenadines

6 days 15 hours ago

IMF Cuts Global Growth Forecasts on Brexit, Warns of Risks to Outlook

6 days 18 hours ago

IMF Video: Press Briefing: World Economic Outlook, July 2016

6 days 20 hours ago

IMF World Economic Outlook (WEO) Update, July 2016

6 days 20 hours ago

Transcript of the Press Conference on the Release of the July 2016 World Economic Outlook Update

6 days 23 hours ago

Bridging South Africa’s Economic Divide

1 week 1 hour ago

IMF Video: Relations in Banking-Making it Work for Everyone

1 week 16 hours ago

IMF Staff Concludes 2016 Article IV Mission to Equatorial Guinea

1 week 17 hours ago

Relations in Banking – Making it Work for Everyone, Speech by Christine Lagarde

1 week 23 hours ago

IMF Staff Completes 2016 Article IV Mission to Cambodia

1 week 23 hours ago

IMF Video: Integrated Collection System (ICS)- Video tutorial

1 week 3 days ago

Peru: 2016 Article IV Consultation-Press Release; and Staff Report

1 week 3 days ago
Country Report No. 16/234

Peru: Selected Issues

1 week 3 days ago
Country Report No. 16/235

IMF Executive Board Concludes 2016 Article IV Consultation with Peru

1 week 3 days ago

IMF Statement at the end of a Staff Visit to the Kyrgyz Republic

1 week 3 days ago

IMF Staff Concludes Visit to Moldova

1 week 3 days ago

Masood Ahmed, Director of the Middle East and Central Asia Department, to Retire from Fund

1 week 3 days ago

IMF Video: Redoubling our Resolve for Global Development

1 week 4 days ago

IMF Video: Press Briefing by Gerry Rice, Director, IMF Communications Department

1 week 4 days ago

Iraq : First and Second Reviews of the Staff-Monitored Program and Request for a Three-year Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Iraq

1 week 4 days ago
Country Report No. 16/225

Doubling Down on Development

1 week 4 days ago

Iraq Gets $5.34 Billion IMF Loan to Support Economic Stability

1 week 4 days ago

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

1 week 4 days ago

Equatorial Guinea: IMF Staff Concludes 2016 Article IV Mission

1 week 5 days ago
Press Release

Philippines: IMF Staff Completes 2016 Article IV Mission

1 week 5 days ago
Press Release

IMF Video: Collective Action for a Prosperous and Dynamic Europe

1 week 5 days ago

Russian Federation: Report on the Observance of Standards and Codes-IOSCO Objectives and Principles of Securities Regulation

1 week 5 days ago
Country Report No. 16/233

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

1 week 5 days ago
Country Report No. 16/224

Russian Federation: IMF Executive Board Concludes 2016 Article IV Consultation

1 week 5 days ago
Press Release

Russian Federation: Financial System Stability Assessment

1 week 5 days ago
Country Report No. 16/231

Russian Federation: Staff Report for the 2016 Article IV Consultation-Press Release; and Staff Report

1 week 5 days ago
Country Report No. 16/229

Russian Federation: Selected Issues

1 week 5 days ago
Country Report No. 16/230

Russian Federation: Report on the Observance of Standards and Codes-Basel Core Principles for Effective Banking Supervision

1 week 5 days ago
Country Report No. 16/232

IMF Video: U.S. Growth Could Be Held Back Without Reform.

1 week 6 days ago

IMF Executive Board’s First Report to the Board of Governors on Gender Diversity in the Executive Board

1 week 6 days ago
Press Release

Liberia: IMF Executive Board Concludes 2016 Article IV Consultation

1 week 6 days ago
Press Release

IMF Survey: Structural Forces Weigh on Future U.S. Growth

1 week 6 days ago

United States: IMF Executive Board Concludes Article IV Consultation

1 week 6 days ago
Press Release

France: Selected Issues

1 week 6 days ago
Country Report No. 16/228

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

1 week 6 days ago
Country Report No. 16/227

OECD News - Development

International Economic Forum on Latin America and the Caribbean

7 weeks 3 days 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

8 weeks 6 hours 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

8 weeks 3 days 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?

8 weeks 5 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

9 weeks 3 hours 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

9 weeks 1 day 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

9 weeks 1 day 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

9 weeks 5 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

Insolvency regimes and productivity growth: a framework for analysis

2 hours 19 min ago
This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth.

Growing together: making Lithuania’s convergence process more inclusive

2 hours 58 min ago
Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.

Scaling new heights: achievements and future challenges for productivity convergence in Lithuania

3 hours 17 min ago
GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average.

Economic Survey of Turkey 2016

1 week 3 days ago
Economic growth has proved remarkably vigorous given the very adverse circumstances of the past two years, which included four national elections, wars across the southern border, severe domestic tensions in the Eastern regions, trade restrictions with Russia and the inflow of millions of refugees.

Turkey: Challenging times call for pushing ahead with economic reform

1 week 4 days ago
Turkey’s economy has proven remarkably resilient in the face of a challenging global economic context. However, further action can be taken to raise productivity and advance the shift to a more balanced, sustainable and stronger growth path that will boost living standards for the entire population, according to the latest OECD Economic Survey of Turkey.

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.

Estimating the size and incidence of bank resolution costs for selected banks in OECD countries

2 weeks 5 days ago
This report provides estimates of the costs associated with bank resolution both in terms of the expected costs that might arise should a bank fail (i.e. as "ex-post" costs), as well as the cost associated with the likelihood that a solvent bank might fail (i.e. as "ex-ante" costs) over the next year.

Estimating the size and incidence of bank resolution costs for selected banks in OECD countries

2 weeks 5 days ago
This report provides estimates of the costs associated with bank resolution both in terms of the expected costs that might arise should a bank fail (i.e. as "ex-post" costs), as well as the cost associated with the likelihood that a solvent bank might fail (i.e. as "ex-ante" costs) over the next year.

World Trade Organization - News

General Council: Proposed agenda

0 sec ago

Trade Policy Review: Singapore

4 min 38 sec 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”

21 hours 4 min 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

21 hours 4 min ago

Advanced Trade Policy Course concludes in Geneva

21 hours 4 min 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

21 hours 4 min 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

3 days 21 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

3 days 21 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

3 days 21 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

3 days 21 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

3 days 21 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

3 days 21 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

4 days 21 hours 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

4 days 21 hours 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

4 days 21 hours 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

6 days 4 min 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

6 days 21 hours 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

6 days 21 hours 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

6 days 21 hours 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’

1 week 21 hours 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

1 week 21 hours 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

1 week 3 days 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

1 week 3 days 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

1 week 4 days 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

1 week 5 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

1 week 6 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.

Tourism sector highlighted as important contributor to trade and development

1 week 6 days ago
WTO members on 12 July recognized tourism as an important services export which can help small economies with their economic development. Members discussed tourism’s “value chains” at a meeting of the Committee on Trade and Development’s Work Programme on Small Economies.

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