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IFC Press Releases

IFC Partners with United Bulgarian Bank to Boost Trade

12 hours 29 min ago
Sofia, Bulgaria, October 20, 2014—IFC, a member of the World Bank Group, extended a $10 million credit line to United Bulgarian Bank to increase its lending to companies in Bulgaria, particularly small and medium enterprises involved in international trade. Part of IFC’s Global Trade Finan

IFC investe R$ 200 milhões na Vix Logística para apoiar sua expansão e melhorar a competitividade do Brasil

12 hours 29 min ago
São Paulo e Espírito Santo, 22 de outubro de 2014— A IFC, membro do Grupo Banco Mundial, e o Fundo IFC da África, América Latina e Caribe anunciam um investimento de capital de R$ 200 milhões na Vix Logística S.A, empresa do Grupo Águia Branca. O investimento da IFC nesta empresa em expansão v

IFC Invests $87 million to Help Vix Logística’s Expand and Improve Brazil’s Competitiveness

12 hours 29 min ago
São Paulo and Espírito Santo, October 22, 2014—IFC, a member of the World Bank Group and the IFC African, Latin American, and Caribbean Fund announce an equity investment of 200 million Brazilian reais (about $87 million) in Vix Logística, company of Águia Branca Group. IFC’s investment in thi

IFC suscribirá US$15 Millones en nuevas acciones de Copeval para continuar apoyando la industria agrícola en Chile

12 hours 29 min ago
Santiago, Chile / Washington, DC, 22 de Octubre, 2014—IFC, miembro del Grupo Banco Mundial, compromete hasta US$15 millones para suscribir nuevas acciones en Copeval en Chile para apoyar la expansión de la compañía y promover el acceso a financiamiento a más de 36.000 agricultores en el país.

IFC to Subscribe $15 Million in New Shares in Copeval to Continue Supporting Agribusiness in Chile

12 hours 29 min ago
Santiago, Chile / Washington, DC, October 22, 2014—IFC, a member of the World Bank Group, will commit up to $15 million to subscribe new shares in Copeval in Chile to support the company’s expansion and promote access to financing to more than 36,000 farmers in the country. This is IFC’s s

IFC Helps HealthPlus Extend Reliable Pharmaceutical Services for Nigerians

18 hours 22 min ago
Lagos, Nigeria. October 17, 2014 – IFC a member of the World Bank Group, today announced an agreement with HealthPlus Limited and CasaBella International Limited to provide a $5million loan facility that will help the Companies expand pharmaceutical and personal care services in Nigeria. The p

IFC Loan to Komercijalna Banka Beograd to Increase Mortgage Lending in Serbia

18 hours 22 min ago
Belgrade, Serbia, October 14, 2014—IFC, a member of the World Bank Group, is loaning €15 million to Komercijalna Banka Beograd to support the bank’s mortgage lending operations and help expand access to finance for prospective homeowners in Serbia. Komercijalna Banka Beograd is the larges

IFC Finalizes $207.5 Million Financing For Ground-Breaking Solar Program in Jordan

2 days 23 hours ago
Amman, Jordan, October 15, 2014—IFC, a member of the World Bank Group, has finalized a $207.5 million debt package to fund the construction of seven solar photovoltaic plants that will boost Jordan’s use of renewables and help transform its energy sector. The project is the largest private

IFC Helps Georgian Farmers Introduce Global Standard to Boost Export Potential

2 days 23 hours ago
Tbilisi, Georgia, October 16, 2014—IFC, a member of the World Bank Group, and the Georgian Farmers’ Association are helping Georgian farmers introduce a key global standard to boost farm production and ramp up exports to the European Union. IFC and the Georgian Farmers’ Association hosted

IFC Supports $400 million Seven Energy Bond Issuances for Nigeria

5 days 17 hours ago
Washington, DC October 15, 2014—IFC, a member of the World Bank Group, has subscribed to $50 million of notes in the inaugural bond issuances by Seven Energy International Limited, one of the few companies developing and commercializing stranded gas that is critical for expanding Nigeria's pow

IFC and SMBC Help BTPN Expand Financing for Micro and Women Entrepreneurs in Indonesia

6 days 22 hours ago
Jakarta, Indonesia, October 14, 2014—IFC, a member of the World Bank Group, has invested $100 million in PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and mobilized an additional $100 million to help the mid-sized Indonesian bank increase lending to women entrepreneurs, low-income families, a

IFC, Spain Strengthen Collaboration for Private Sector Development in Emerging Markets

1 week 18 hours ago
Washington, D.C., October 13, 2014—IFC, a member of the World Bank Group, and the Instituto de Crédito Oficial (ICO) will streamline their collaboration to provide much-needed financing to private companies and help boost growth and jobs in emerging markets. ICO is the 24th development fin

IFC dan SMBC Mendukung BTPN Memperluas Pembiayaan untuk Usaha Mikro dan Wirausaha Wanita di Indonesia

1 week 18 hours ago
Jakarta, Indonesia, October 14, 2014—IFC, anggota dari Kelompok Bank Dunia, telah menginvestasikan 100 juta dollar AS kepada PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) serta memobilisasi 100 juta dollar AS untuk mendukung bank BTPN meningkatkan pinjaman bagi para pengusaha wanita, keluarga

IFC, Switzerland Strengthen Collaboration for Private Sector Development in Emerging Markets

1 week 20 hours ago
Washington, D.C., October 13, 2014—IFC, a member of the World Bank Group, and the Swiss Investment Fund for Emerging Markets (SIFEM) will streamline their collaboration to provide much-needed financing to private companies in emerging markets and help boost growth and jobs. SIFEM is the 22

IFC y España refuerzan la colaboración para el desarrollo del sector privado en los mercados emergentes

1 week 1 day ago
Washington, D.C., 13 de octubre de 2014 — IFC, miembro del Grupo del Banco Mundial, y el Instituto de Crédito Oficial (ICO) optimizarán su colaboración para facilitar a las empresas privadas financiación indispensable e impulsar el crecimiento y el empleo en los mercados emergentes. El ICO

IFC, Finland Strengthen Collaboration for Private Sector Development in Emerging Markets

1 week 2 days ago
Washington, D.C., October 13, 2014—IFC, a member of the World Bank Group, and the Finnish Fund for Industrial Cooperation (Finnfund) will streamline their collaboration to provide much-needed financing to private companies in emerging markets and help boost growth and jobs. Finnfund is the

IFC Supports Indonesia’s BDSN to Supply Affordable and Reliable Hydroelectric Power

1 week 2 days ago
Jakarta, Indonesia, October 13, 2014—IFC, a member of the World Bank Group, has acquired a minority equity stake in and provided a $280 million loan facility to Indonesian independent power producer PT Bajradaya Sentranusa (BDSN). The deal will support the long-term operation of Asahan 1, a 18

IFC to Assess Feasibility of Sounda Hydro Power Project in Republic of the Congo

1 week 3 days ago
Washington, D.C., October 11, 2014—IFC, a member of the World Bank Group, signed a project services agreement today with the Government of the Republic of the Congo to assess the feasibility of the Sounda power project. IFC will carry out studies that assess the potential for a hydropower proj

IFC and Cordaid Netherlands Create Fund to Support Businesses in Ebola-affected Economies

1 week 4 days ago
Washington, DC, October 10, 2014-- IFC, a member of the World Bank Group, signed an agreement that will allow Cordaid of the Netherlands to provide $4.6 million in additional financing to IFC’s West Africa Venture Fund, focusing on small and medium enterprises in Sierra Leone and Liberia at th

IFC évaluera la faisabilité du projet d'aménagement hydroélectrique de Sounda en République du Congo

1 week 4 days ago
Washington, 11 octobre 2014—IFC, une organisation membre du Groupe de la Banque mondiale, a signé aujourd'hui un Accord de prestation de services avec le Gouvernement de la République du Congo, afin de réaliser des études de faisabilité pour évaluer le potentiel d'un projet d'aménagement hyd

IFC Supports New Finance Institution to Boost Infrastructure in Colombia

1 week 4 days ago
Washington D.C., October 10, 2014—IFC, a member of the World Bank Group, is boosting its support of Colombia’s infrastructure sector by helping launch a specialized finance institution that will play a critical role in securing the financial resources needed for the country’s upcoming large-sc

IFC respalda lanzamiento de nueva institución en Colombia para financiar infraestructura

1 week 4 days ago
Washington DC/ Bogotá, Colombia, 10 de octubre de 2014 -- La Corporación Financiera Internacional (IFC), institución del Grupo Banco Mundial para el sector privado, impulsará el lanzamiento en Colombia de la Financiera de Desarrollo Nacional (FDN) como institución financiera especializada enca

Investasi dan Mobilisasi IFC Mencatat Rekor 804 juta dolar Amerika Modal Jangka Panjang di Indonesia untuk mendukung Pengembangan Infrastruktur dan Pasar Modal.

1 week 5 days ago
Jakarta, Indonesia, 8 Oktober, 2014—IFC,  anggota Kelompok Bank Dunia, meningkatkan investasinya dalam mata uang rupiah dan mata uang asing di Indonesia secara signifikan ke rekor terbaru sebesar 804 juta dolar Amerika, meningkat 84 persen dibandingkan tahun sebelumnya. Jumlah investasi IFC

IFC Invests and Mobilizes Record $804 Million of Long-Term Capital in Indonesia to Support Infrastructure and Capital Market Development

1 week 5 days ago
Jakarta, Indonesia, October 8, 2014—IFC, a member of the World Bank Group, significantly ramped up its investments in Indonesian companies to a record $804 million equivalent in Indonesian rupiah and foreign currency during fiscal year 2014, up 84 percent from a year earlier, and the figure is

World Bank Group Appoints Stephanie Miller as Regional Director for IFC in Western Europe

1 week 5 days ago
Paris, October 7, 2014—IFC, a member of the World Bank Group, appointed Stephanie Miller as Director of its Western Europe Department, which covers relations with 20 Western European countries, the European Union, and Israel. The appointment of Miller, who is based in Paris, became effective o

IFC Provides $125 million in Loans and Guarantees to BBM to Support Agribusiness in Brazil

1 week 5 days ago
São Paulo, October 7, 2014 - IFC, a member of the World Bank Group, announced it will provide       US$ 125 million to Banco BBM S.A. in loans and guarantees to expand access to finance for medium-sized corporations in Brazil’s agribusiness sector. IFC’s loan totals US$ 100 million and con

IFC Oferta US$125 milhões em Empréstimos e Garantias para Banco BBM para Apoiar o Agronegócio Brasileiro

2 weeks 6 hours ago
São Paulo, 7 de outubro de 2014 -  A IFC, membro do Grupo Banco Mundial, anunciou que oferecerá US$ 125 milhões em empréstimos e garantias para o Banco BBM SA, ampliando o acesso ao financiamento para as médias empresas do setor de agronegócio do Brasil. O financiamento da IFC, totalizand

IMF News

Democratic Republic of the Congo: Financial System Stability Assessment

11 hours 43 min ago
Country Report No. 14/315

Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?

11 hours 44 min ago
Working Paper No. 14/191

Unraveling the Monetary Policy Transmission Mechanism in Sri Lanka

13 hours 24 min ago
Working Paper No. 14/190

Unconventional Monetary Policy and Long-Term Interest Rates

14 hours 58 min ago
Working Paper No. 14/189

IMF Video: Building Market Economies in Europe

15 hours 42 min ago

Timor-Leste: IMF Executive Board Concludes 2014 Article IV Consultation

19 hours 21 min ago

Cyprus: 2014 Article IV Consultation—Staff Report

20 hours 16 min ago
Country Report

Cyprus: IMF Executive Board Concludes 2014 Article IV Consultation

20 hours 16 min ago

Cyprus: Selected Issues Paper

20 hours 16 min ago
Country Report

IMF Survey: New Revenues Can Offset Africa’s Rising Income Inequality

1 day 17 hours ago

Podcast: Unlocking Economic Growth in the Caribbean

2 days 17 hours ago
Podcast

IMF Survey: Strong Growth in Sub-Saharan Africa, but Pockets of Difficulty

2 days 19 hours ago

Regional Economic Outlook: Sub-Saharan Africa region -- Staying the Course, October, 2014

2 days 21 hours ago

IMF Projects Robust Growth in Sub-Saharan Africa, Amid Shifting Global Forces

2 days 22 hours ago

Conference: The 2014 High Level Caribbean Forum: Unlocking Economic Growth, October 23-24, 2014

5 days 11 hours ago

Regulating Capital Flows at Both Ends: Does it Work?

5 days 11 hours ago
Working Paper No. 14/188

Singapore: IMF Executive Board Concludes 2014 Article IV Consultation

5 days 11 hours ago

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

5 days 12 hours ago
Country Report No. 14/312

A Model-Based Analysis of Spillovers: The Case of Poland and the Euro Area

5 days 13 hours ago
Working Paper No. 14/186

Determinants of Financial Market Spillovers: The Role of Portfolio Diversification, Trade, Home Bias, and Concentration

5 days 13 hours ago
Working Paper No. 14/187

Minimum Wages and Firm Employment: Evidence from China

5 days 20 hours ago
Working Paper No. 14/184

Financial Crises and the Composition of Cross-Border Lending

5 days 19 hours ago
Working Paper No. 14/185

The Making of a Continental Financial System: Lessons for Europe from Early American History

5 days 20 hours ago
Working Paper No. 14/183

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

5 days 20 hours ago
Country Report No. 14/311

Press Release: IMF Statement on Ghana

6 days 8 hours ago

Global Housing Watch Quaterly Update, October 2014

6 days 14 hours ago

Podcast: The Long Life of Keynesian Economics

6 days 18 hours ago
Podcast

Press Release: IMF and the Extractive Industries Transparency Initiative Collaborate Toward Improving Transparency of Natural Resources Revenues

6 days 19 hours ago
Press Release

Panel Debates Moves to Spur Growth, Create Jobs

1 week 12 hours ago
IMF Survey

IMF Survey : Europe Needs to Act On All Fronts, Says Panel

1 week 15 hours ago

IMF Video: Per Jacobsson Lecture

1 week 15 hours ago

Press Release: IMF and Jamaica to Hold High-Level Conference on Growth in the Caribbean

1 week 1 day ago

IMF Video:David Lipton on Energizing Global Growth

1 week 3 days ago

IMF Survey : Tharman: We Know What Needs to be Done and We Need to Do It

1 week 3 days ago

IMF Video:The Future of Finance - Session 4: Technology and Financial Inclusion

1 week 3 days ago

IMF Video:The Future of Finance - Session 3: Expanding Role of NonBank

1 week 3 days ago

IMF Video:The Future of Finance - Session 2: The Changing Role of Banks

1 week 3 days ago

IMF Video:The Future of Finance - Session 1: Ethics and Finance

1 week 3 days ago

Transcript of the IMFC Press Conference

1 week 3 days ago

Jordan: IMF Mission Reaches Staff-Level Agreement on Completion of the Fifth Review Under the Stand-By Arrangement

1 week 3 days ago

Greece: IMF Statement

1 week 3 days ago

IMFC Statement by Dr. Raghuram Rajan, Alternate Governor, India

1 week 4 days ago

IMFC Statement by the Honorable Zhou Xiaochuan, Governor, People’s Bank of China

1 week 4 days ago

IMFC Statement by the Hon. Mohammed Laksaci, Governor, Bank of Algeria

1 week 4 days ago

IMFC Statement by the Honourable Joe Oliver, Minister of Finance, Canada

1 week 4 days ago

Press Release: The IMF Launches Consultations with its External Advisory Group on Islamic Finance

1 week 4 days ago

IMFC Statement by Ms. Eveline Widmer-Schlumpf, Minister of Finance, Switzerland

1 week 4 days ago

Transcript of the African Department Press Briefing

1 week 4 days ago

IMFC Statement by Mr. Michel Sapin, Minister of Finance and Public Accounts, France

1 week 4 days ago

IMF Survey: Sustain Africa's Growth by Easing Structural Bottlenecks

1 week 4 days ago

IMFC Statement by the Honorable Ngozi Okonjo-Iweala, Coordinating Minister for the Economy and Minister of Finance, Nigeria

1 week 4 days ago

IMF Video: Partners for Progress

1 week 5 days ago

IMF Video: Address by the Managing Direcor to the Board of Governors of the Fund, at 2014 Annual Meetings Plenary Session

1 week 5 days ago

IMF Video: Confronting Crisis - Global Cooperation and the International Monetary Fund

1 week 5 days ago

IMFC Statement by Mr. Guido Mantega, Minister of Finance, Brazil

1 week 5 days ago

IMFC Statement by Mr. George Osborne, Chancellor of the Exchequer, H.M. Treasury, United Kingdom

1 week 5 days ago

IMF Survey: Growth in Latin America and the Caribbean Slows Further

1 week 5 days ago

IMFC Statement by Mr. Pier Carlo Padoan, Chairman, EU Council of Economic and Finance Ministers

1 week 5 days ago

IMFC Statement by Mr. Mario Draghi, President, European Central Bank

1 week 5 days ago

IMFC Statement by Ms. Helen Clark, Administrator of the United Nations Development Programme and Chair of the United Nations Development Group

1 week 5 days ago

Podcast: Strong Growth in Sub-Saharan Africa Continues, Isabell Adenauer

1 week 5 days ago
Podcast

IMF Video: Latin America: The Road Ahead (Session 1)

1 week 5 days ago

IMF Video: Building Future Capacity: Drawing on Fifty Years of Experience

1 week 5 days ago

IMF Survey : Emerging Europe: Geopolitical Tensions Taking a Toll

1 week 5 days ago

The IMF at 70: Making the Right Choices—Yesterday, Today, and Tomorrow by Christine Lagarde, Managing Director, IMF

1 week 5 days ago

IMF Survey: Asia and Pacific: Still Going Strong, Suggests the IMF

1 week 5 days ago

IMF Video: Impact of the Ebola Crisis: A Perspective from the Countries

1 week 6 days ago

IMF Survey: More Growth, More Jobs Are Main Objectives of Meetings—Lagarde

1 week 6 days ago

Transcript of the IMF Managing Director Press Conference

1 week 6 days ago

IMF Video: IMF Managing Director Press Conference

1 week 6 days ago

IMFC Statement by H.E. Abdalla Salem El-Badri, Secretary General, Organization of the Petroleum Exporting Countries (OPEC)

1 week 6 days ago

IMFC Statement by the Honorable Axel Kicillof, Minister of Economy and Public Finance, Argentina

1 week 6 days ago

Provisional Agenda for the Thirtieth Meeting of the International Monetary and Financial Committee (IMFC)

1 week 6 days ago

IMFC Statement by Mr. Angel Gurría, Secretary-General, Organisation for Economic Co-operation and Development (OECD)

1 week 6 days ago

Managing Director's Global Policy Agenda to the International Monetary and Financial Committee

1 week 6 days ago
IMF Policy Paper

Transcript of a Press Briefing on the Fiscal Monitor Report

1 week 6 days ago

OECD News - Corruption

Statement of the OECD Working Group on Bribery on France’s implementation of the Anti-Bribery Convention

0 sec ago
After a comprehensive review in October 2012, the OECD Working Group on Bribery asked France, through a series of concrete recommendations, to intensify its actions to fight the bribery of foreign public officials and undertake important reforms.

Despite progress made and improved legal framework, OECD seriously concerned about Turkey’s level of detection and investigation of foreign bribery

0 sec ago
Turkey is a significant and geopolitically critical economy. Its companies, like those from many other countries, operate in corruption-prone sectors and countries. In spite of this, only 10 allegations have come to the attention of Turkish authorities since foreign bribery became an offence in Turkey in 2003.

OECD News - Development

Development Centre Newsletter - October 2014

6 days 21 hours ago
14th International Economic Forum on Africa / How was life? / Strengthening Philanthropy's Engagement with the Post-2015 Development Agenda

Summary Record

1 week 1 day ago
Summary Record from UNGA Side Event "Curbing Illicit Financial Flows for Domestic Resource Mobilisation and Sustainable Development in the Post-2015 Era"

DAC Prize

2 weeks 1 day ago
The idea of the DAC prize is to reward those who invest systematically and strategically into using innovation to solve development problems, by taking it to scale. The prize thus focuses on a policy challenge regarding the use of innovation, which is as yet largely unaddressed, while also being a reflection of the nature of the DAC as a policy body.

OECD News - Economy

Mr. François Hollande, President of the French Republic, met with the Heads of international economic organisations at the OECD

5 days 14 hours ago
The President of the French Republic, Mr. François Hollande, met the Heads of five international economic organisations at the OECD on Friday 17th October to discuss the challenges facing the global economy.

The OECD encourages the French government to pursue the ongoing structural reforms to boost growth

5 days 15 hours ago
Full implementation of the structural reforms adopted and announced in France would boost potential annual economic growth by one third, or 0.4 percentage points per year over ten years, according to the OECD.

Secular stagnation: evidence and implications for economic policy

6 days 1 hour ago
This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour hysteresis and discouraged investment.

Factors behind the decline in real long-term government bond yields

6 days 1 hour ago
This paper describes developments in real long-term interest rates in the main OECD economies and surveys their various determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they have not reached the historical lows of the 1970s.

Investment gaps after the crisis

6 days 1 hour ago
The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also relative to projected future steady-state levels, with a gap of 2 percentage points of GDP or more in several countries.

Mr. François Hollande, President of the French Republic, meets with the Heads of international economic organisations at the OECD - Paris, Château de la Muette, 17th October 2014

1 week 5 days ago
The President of the French Republic, Mr. François Hollande, will meet the Heads of international economic organisations at the OECD on Friday 17th October.

Contributions to GDP growth: second quarter 2014, Quarterly National Accounts, OECD

1 week 5 days ago
Stockbuilding main driver of OECD GDP growth in the second quarter of 2014

Composite Leading Indicators (CLI), OECD, October 2014

2 weeks 21 hours ago
Composite leading indicators point to weakening growth in the Euro area and to stable growth in most other major economies

OECD bolsters relationship with Ukraine

2 weeks 1 day ago
The 34-member countries of the Organisation for Economic Co-operation and Development welcomed a Memorandum of Understanding between the OECD and Ukraine which will help Ukraine’s efforts to tackle corruption, strengthen its tax system and promote competitiveness.

OECD News - Finance

2nd Global Policy Research Symposium to Advance Financial Literacy

0 sec ago
Discussions at this OECD-GFLEC event in Paris on 6 November 2014 will address the status of financial literacy around the world, the impact of the institutional framework, innovative ideas and how to translate research into policy and practice.

2nd Global Policy Research Symposium to Advance Financial Literacy

0 sec ago
Discussions at this OECD-GFLEC event in Paris on 6 November 2014 will address the status of financial literacy around the world, the impact of the institutional framework, innovative ideas and how to translate research into policy and practice.

Secular stagnation: evidence and implications for economic policy

6 days 1 hour ago
This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour hysteresis and discouraged investment.

Factors behind the decline in real long-term government bond yields

6 days 1 hour ago
This paper describes developments in real long-term interest rates in the main OECD economies and surveys their various determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they have not reached the historical lows of the 1970s.

Investment gaps after the crisis

6 days 1 hour ago
The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also relative to projected future steady-state levels, with a gap of 2 percentage points of GDP or more in several countries.

Inducing Private Finance for Renewable Energy Projects: Evidence from Micro-Data

1 week 34 min ago
This paper analyses the effects of government policies on flows of private finance for investment in renewable energy. It also examines whether direct provision of public finance for a project increases the volume of private finance raised. The analysis covers 87 countries, six renewable energy sectors (wind, solar, biomass, small hydropower, marine and geothermal).

Financing infrastructure – International trends 2014

1 week 2 days ago
The infrastructure financing market has gone through a process of radical transformation starting from the mid-2000s. This article provides an overview of international trends in infrastructure finance. It proposes a map of the different investment channels that private investors can use to access the infrastructure investment on the equity and debt side, highlighting the historical evolution of these segments in the past few years.

Non-bank debt financing for SMEs: The role of securitisation, private placements and bonds

1 week 2 days ago
This article summarises discussions from an OECD Financial Roundtable on reducing bank dependence in financing small-and medium-sized enterprises (SMEs) and non-bank debt financing alternatives.

The World Bank - Law and Development

Green subsidies and the WTO

1 week 2 days ago
This paper provides a detailed explanation how the law of the World Trade Organization regulates environmental subsidies with a focus on renewable energy subsidies. The paper begins by discussing the economic justifications for such subsidies and the criticisms of them and then gives examples of categories of subsidies. The paper provides an overview of the relevant World Trade Organization rules and case law, including the recent Canada-Renewable Energy case. The paper also makes specific recommendations for how World Trade Organization law can be improved and discusses the literature on reform proposals. The study finds that because of a lack of clarity in World Trade Organizaion rules, for some clean energy subsidies, a government will not know in advance whether the subsidy is World Trade Organization-legal.

The World Bank - Porverty Reduction

The second wave of independence : shopping for solutions

6 days 6 hours ago
In the 21st century, many developing countries will become emerging markets and will no longer be in need of the carrot-and-stick approach to development assistance most prevalent today: development financing made available conditional on certain policies and interventions. This paper suggests that interactions between development agencies and recipient governments are mostly about inputs deemed (but not known) to contribute to improvements in living standards in recipient countries, rather than outcomes. The paper argues that the development marketplace is beset by market imperfections because of externalities, principal-agent problems, and decision making under uncertainty, which not only make it difficult to achieve the right outcomes, but also take away incentives to learn about outcomes. A fundamental rethink of responsibilities and accountabilities in the development business would make sure that development outcomes are traded in the development marketplace. It would put recipient countries in charge of contracting development agencies to provide these outcomes. Development agencies would commit to and be held financially accountable for outcomes, that is, real improvements in welfare indicators. The paper describes the role of the evaluation function in aligning incentives with the ultimate goal of improving lives and provides examples of emerging solutions.

Non-farm enterprises in rural Africa : new empirical evidence

1 week 6 hours ago
Although non-farm enterprises are ubiquitous in rural Sub-Saharan Africa, little is yet known about them. The motivation for households to operate enterprises, how productive they are, and why they exit the market are neglected questions. Drawing on the Living Standards Measurement Study -- Integrated Surveys on Agriculture and using discrete choice, selection model and panel data estimators, this paper provide answers using data from Ethiopia, Niger, Nigeria, Malawi, Tanzania, and Uganda. The necessity to cope following shocks, seasonality in agriculture, and household size can push rural households into operating a non-farm enterprise. Households are also pulled into entrepreneurship to exploit opportunities. Access to credit and markets, household wealth, and the education and age of the household head are positively associated with the likelihood of operating an enterprise. The characteristics are also associated with the type of business activity a household operates. Rural and female-headed enterprises and enterprises with young enterprise owners are less productive than urban and male-owned enterprises and enterprises with older owners. Shocks have a negative association with enterprise operation and productivity and a large share of rural enterprises does not operate continuously over a year. Enterprises cease operations because of low profits, a lack of finance, or the effects of idiosyncratic shocks. Overall the findings are indicative that rural enterprises are "small businesses in a big continent" where large distances, rural isolation, low population density, and farming risks limit productivity and growth.

World Trade Organization - News

Trade Policy Review: Djibouti and Mauritius

17 hours 29 min ago
A review of the trade policies and practices of Djibouti and Mauritius takes place on 22 and 24 October 2014. The basis for the review is a report by the WTO Secretariat and a report by the relevant government for each country.

Trade Policy Review: Mauritius

20 hours 29 min ago
The fourth review of the trade policies and practices of Mauritius takes place on 22 and 24 October 2014. The basis for the review is a report by the WTO Secretariat and a report by the Government of Mauritius.

Trade Policy Review: Djibouti

20 hours 29 min ago
The second review of the trade policies and practices of Djibouti takes place on 22 and 24 October 2014. The basis for the review is a report by the WTO Secretariat and a report by the Government of Djibouti.

General Council: Proposed agenda

1 day 17 hours ago

Azevêdo announces consultations on future of Bali decisions and post-Bali work programme

1 day 17 hours ago
Director-General Roberto Azevêdo announced at the General Council meeting on 21 October 2014 that his consultations on the future of the Bali decisions and the post-Bali work programme would start the following day. He said that he had heard from WTO members “a willingness to engage in this conversation, and to do all we can to find a way forward”. The Director-General also announced that the 5th Global Review of Aid for Trade will be held from 30 June to 2 July 2015.

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

2 days 17 hours ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 20 October 2014, 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”.

Panel established on EU-Russia dispute over vehicles

2 days 17 hours ago
The Dispute Settlement Body, on 20 October 2014, established a panel to examine a complaint by the European Union regarding Russia’s anti-dumping duties on light commercial vehicles from Germany and Italy. Members were informed that the disputes between the United States and Brazil over cotton, and between the US and Indonesia over clove cigarettes, have been settled.

India launches safeguard investigation on cold rolled flat products of stainless steel

2 days 17 hours ago
On 20 October 2014, India notified the WTO’s Committee on Safeguards that it initiated on 19 September 2014 a safeguard investigation on Cold Rolled Flat Products of Stainless Steel of Chromium type, 400 series.

Azevêdo highlights “dramatic increase” in knowledge component of trade

2 days 17 hours ago
Director-General Roberto Azevêdo, in a speech to a conference of the Federal Circuit Bar Association held in cooperation with the WTO, the World Intellectual Property Organization and The European Patent Office on 20 October in Geneva, said that “the past two decades have shown that the TRIPS Agreement can provide a sound and balanced multilateral foundation for the growth of trade in knowledge-rich products and services”. He noted that global exports of intellectual property royalties and licence fees rose to $310 billion last year, just short of the combined total of trade in communications, construction and insurance services.

New member of the Appellate Body is sworn in

2 days 17 hours ago
The new member of the Appellate Body, Mr. Shree Baboo Chekitan Servansing, was sworn in at a ceremony on 20 October 2014.

WTO issues compliance panel reports on US “country of origin” disputes

2 days 17 hours ago
The WTO, on 20 October, issued panel reports regarding compliance in the disputes “US – Certain Country of Origin Labelling (COOL) Requirements — Recourse to DSU Article 21.5 by Canada and Mexico” (DS384 and DS386).

WTO helps developing countries adjust to major shifts in trading environment

2 days 23 hours ago
The WTO has played a key role in helping countries adjust to four recent trends that have considerably altered the relationship between trade and development, according to the latest edition of the WTO’s flagship publication released on 20 October 2014 in Geneva. Director-General Roberto Azevêdo, in marking the launch of the report, said that “the emerging trends highlighted in this report suggest that trade will be a major force for development in the 21st century”.

Seychelles’ membership terms agreed — next stop: General Council

5 days 17 hours ago
WTO members negotiating Seychelles’ accession agreed on the terms of the country’s WTO membership on 17 October 2014, concluding 18 years of negotiation. This decision still requires the formal approval of all 160 WTO members in the General Council in December.

Azevêdo says Bali impasse paralyzing WTO work, chairs report no progress in consultations

6 days 17 hours ago
Director-General Roberto Azevêdo, as chair, reported to the Trade Negotiations Committee on 16 October that despite intensive consultations “we have not found a solution to the impasse” more than two months after the deadline on the Trade Facilitation Agreement had passed. “This could be the most serious situation that this organization has ever faced,” he said, and while members should keep working for a solution to the current impasse, “we should also think about our next steps”.

Brazil files dispute against Indonesia over import restrictions on chicken

6 days 17 hours ago
Brazil notified the WTO Secretariat on 16 October of a request for consultations with Indonesia regarding certain measures imposed by Indonesia on imports of chicken meat and chicken products.

Canada files dispute against China over anti-dumping measures on cellulose pulp

1 week 17 hours ago
Canada notified the WTO Secretariat on 15 October of a request for consultations with China with respect to Chinese anti-dumping duties levied on imports of cellulose pulp from Canada.

Tunisia launches safeguard investigations on fibreboard of wood (MDF) and on glass bottles

1 week 17 hours ago
On 15 October 2014, Tunisia notified the WTO’s Committee on Safeguards that it initiated on 30 September 2014 two safeguard investigations: one on fibreboard of wood (MDF) and the other on glass bottles.

Linking up to trade and investment networks can help fast-track growth—Azevêdo

1 week 17 hours ago
Director-General Roberto Azevêdo, in opening the WTO-UNCTAD Trade and Investment Roundtable on 15 October, said that “by linking up to sophisticated trade and investment networks, developing countries have the potential to fast-track their growth”.

Russia contributes to sanitary-phytosanitary committee, but also attracts concerns

1 week 17 hours ago
WTO members meeting as the committee dealing with food safety and animal and plant health on 15–17 October 2014 received information from Russia on a number of issues but also heard complaints about some of the country’s sanitary and phytosanitary (SPS) measures.

Ireland donates EUR 335,000 to technical assistance for developing countries

1 week 1 day ago
The government of Ireland has donated EUR 185,000 (CHF 223,000) to the Standards and Trade Development Facility (STDF) for 2014 to help developing countries establish and implement sanitary and phytosanitary standards (SPS) towards health protection and increase their ability to gain or maintain access to markets. Another contribution of EUR 150,000 (CHF 181,000) will be directed to the Interns for Selected Members’ Mission in Geneva.

WTO issues panel report on India’s agricultural import measures

1 week 1 day ago
On 14 October 2014, the WTO issued the panel report in the case brought by the United States about “India – Measures concerning the importation of certain agricultural products” (DS430).

Austria pledges EUR 200,000 to strengthen participation of developing countries in Doha Round

1 week 2 days ago
The government of Austria is pledging to contribute EUR 200,000 (CHF 242,600) to the Doha Development Agenda Global Trust Fund (DDAGTF) for 2014 to finance a wide range of trade-related technical assistance activities to help developing and least-developed countries to participate effectively in the Doha round of negotiations. The WTO’s trade-related technical assistance activities and programmes aim to build sustainable trade capacity in beneficiary countries.

Aid for Trade meeting highlights need to give greater support to small businesses

1 week 5 days ago
At a meeting of the Committee on Trade and Development on 10 October 2014, WTO members were updated on a recent ITC-WTO workshop that called for greater support for small and medium-sized enterprises (SMEs) to help them integrate into global trade. Members also discussed the monitoring and evaluation exercise that will feed into the Fifth Global Review of Aid for Trade to take place in June 2015.

WTO and World Bank join forces to provide Trade Facilitation support

1 week 5 days ago
The World Trade Organization and the World Bank Group have agreed to enhance their co-operation in assisting developing and least-developed countries to better utilize trade facilitation programs which can in turn help these countries to meet poverty alleviation and national development objectives.

Azevedo: Concerted effort by members needed to address WTO’s impasse

1 week 6 days ago
In a speech to Canadian business executives in Toronto, Director-General Roberto Azevedo stressed that the WTO faces a grave challenge and a concerted effort by members is required to resolve it and move forward.

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