News Feed

IFC Press Releases

IFC, Azerbaijan to Help Increase Agribusiness Productivity and Competitiveness

2 days 11 hours ago
Baku, Azerbaijan, December 18, 2014—IFC, a member of the World Bank Group, and Azerbaijan’s Ministry of Agriculture signed today an agreement which focuses on increasing the productivity and competitiveness of the country’s agriculture sector. The IFC Azerbaijan Investment Climate Project,

IFC Mongolia Report Shows Vast Unmet Demand for SME Financing

2 days 11 hours ago
Ulaanbaatar, December 17, 2014—Mongolia’s small and medium enterprises (SMEs) say limited access to finance is their biggest stumbling block to growth, with women-owned SMEs facing particular difficulties, according to a report released today by IFC, a member of the World Bank Group. More

IFC Leads $380 Million Investment in Pacific Midstream to Strengthen Colombia’s Energy Sector

2 days 11 hours ago
Bogotá, Colombia, December 17, 2014—IFC, a member of the World Bank Group, and a consortium of investors led by IFC, including the IFC Global Infrastructure Fund, will invest $320 million in Pacific Midstream Ltd., a growing company that will play an important role in Colombia’s efforts to imp

World Bank Group Supports Turkey’s Plan To Expand High Quality Public Health Services

2 days 11 hours ago
Istanbul, Turkey, December 19, 2014 - The International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), members of the World Bank Group, announced today their support for the development of a €433 million integrated health campus in Adana, southern Turkey. The Ad

The Rockefeller Foundation, IFC to Create New Project Development Facility for Resilient Infrastructure

2 days 11 hours ago
Washington, D.C., December 19, 2014—The Rockefeller Foundation and IFC, a member of the World Bank Group, are launching a project development facility aimed at unlocking private sector investment for infrastructure that helps build resilience across emerging markets. Global institutional i

IFC lidera una inversión de U$380 millones en Pacific Midstream para fortalecer el sector energético de Colombia

2 days 23 hours ago
Bogotá, Colombia/Washington DC, 17 de diciembre de 2014. IFC, miembro del Grupo Banco Mundial, y un consorcio de inversores liderados por IFC que incluye el Fondo Global de Infraestructura de IFC, invertirá US$320 millones en Pacific Midstream LLtd., una empresa en crecimiento que cumplirá un

IFC Awards First EDGE Resource Efficiency Certifications in Vietnam

2 days 23 hours ago
Ho Chi Minh City, December 16, 2014—IFC, a member of the World Bank Group, has awarded its first EDGE resource efficiency certifications in Vietnam to building designs being developed by Nam Long Investment Corp. and FPT City Da Nang JSC. The EDGE (“Excellence in Design for Greater Effici

IFC cierra acuerdo de US$300 millones de financiamiento para apoyar el parque eólico más grande de Centroamérica

4 days 16 hours ago
Panamá, – 16 de diciembre, 2014 — IFC, miembro del Grupo de Banco Mundial, ha completado un paquete de financiamiento de US$300 millones de dólares para la construcción de la II y III Fase del Parque Eólico Penonomé, el proyecto eólico más grande de Centroamérica. Una vez en funcionamiento, se

IFC Closes $300 Million Financing to Support the Largest Wind Farm in Central America

4 days 20 hours ago
Panama City, Panama – December 16, 2014 — IFC, a member of the World Bank Group, has completed a $300 million financing package for the construction of Phase II and Phase III of the Penonome wind power plant, the largest wind farm in Central America. Once operational, the 86 wind turbines with

Banks, Regulators, International Partners Launch Finance Principles for Sustainable Development in Mongolia

4 days 20 hours ago
FMO In The Hague Paul Hartogsveld +31 70 314 99 28 p.hartogsveld@fmo.nl IFC In Beijing Jing Yu +86 10 5860 3098 Jyu1@ifc.org MBA In Ulaanbaatar Nomindari Enkhtur +976 99177149 nomindari@mba.mn Ministry of Environment, Green Development and Tourism In Ula

初の機関投資家向け『インクルーシブ・ビジネス・ボンド』を発行

5 days 15 hours ago
ワシントンDC / 東京、2014年12月15日 - 世界銀行グループの一機関であるIFC(国際金融公社)は、第一生命保険株式会社に対して約1億米ドルのインク ルーシブ・ビジネス・ボンドを発行・販売しました。機関投資家が単独でインクルーシブ・ビジネス・ボンドに投資するのは今回が初めてのケースとなります。   世界には45億人の人々がBOP層(Base of the Economic Pyramid)として存在し、一日あたり8米ドル未満で生活しています。その中には、種 子や肥料を購入する小規模農家や食料品を市街のキオスクで購入する貧困地域に居住する人々が含まれます。彼らはしばしば

IFC Promotes Agri-financing in Uzbekistan

5 days 15 hours ago
Tashkent, Uzbekistan, December 15, 2014 – IFC, a member of the World Bank Group, is helping financial institutions and leasing companies in Uzbekistan expand their agri-leasing portfolios to make it easier for farmers to buy new equipment, boosting productivity and supporting economic developm

IFC investe US$ 255 milhões na Rede D’Or para aumentar o acesso à assistência médica no Brasil

6 days 20 min ago
São Paulo, 15 de dezembro de 2014 — A IFC, membro do Grupo Banco Mundial, anunciou que  investirá US$ 255 milhões para fomentar a expansão da Rede D’Or, a maior rede de hospitais privados no Brasil. O investimento ajudará a aumentar o acesso à assistência médica de qualidade no Brasil. A I

IFC Helps Improve Access to Finance for Small Businesses in Azerbaijan

6 days 20 min ago
Baku, Azerbaijan, December 15, 2014—IFC, a member of the World Bank Group, is partnering with the Azerbaijan Bank Training Centre and Azerbaijan Risk Professionals Association to improve access to credit for small businesses and help them grow. IFC Azerbaijan-Central Asia Financial Markets

IFC invests $255 million in Rede D’Or to expand access to healthcare services in Brazil

6 days 16 hours ago
São Paulo, December 15th, 2014 — IFC, a member of the World Bank Group, announced today that it will invest $255 million to support the expansion of Rede D’Or, the largest network of private hospitals in Brazil. IFC’s investment will help expand access to quality healthcare services in Brazil.

IFC Ramps up Investments, Advice in Myanmar to Help Businesses Grow and Create Jobs

6 days 19 hours ago
Yangon, Myanmar, December 12, 2014—IFC, a member of the World Bank Group, is significantly scaling up its engagement in Myanmar in support of easier access to finance and better infrastructure that will enable the growth of small and medium enterprises, create jobs, and benefit the Myanmar peo

IFC投资中国家禽育种企业,促进食品安全和农村发展

6 days 19 hours ago
2014年12月12日,北京—世界银行集团成员IFC向山东和康源生物育种有限公司提供1000万美元股权投资,促进中国的食品安全和农村发展。 IFC的投资将帮助和康源将其鸭苗和鸡苗的年产量分别提升到1亿6500万只和9000万只。这些育种场主要分布于山东、江苏和河北的农村地区。项目完工后,公司有望晋身 中国育种业行业前三名。 和康源利用其高效的生产体系,培育出更健康和高质量鸭苗和鸡苗,同时抗生素的使用也较少。这也帮助养殖户节约了饲料和疫苗成本,从而提高收入。 山东和康源集团董事长孟庆利表示:“IFC的资金和全球经验将帮助我们实现成为这一竞争激烈行业的领导者的目标。和康源

IFC Helps Expedite Commercial Justice in Lebanon, Supporting Small Businesses

6 days 20 hours ago
Beirut, Lebanon, December 12, 2014—IFC, a member of the World Bank Group, is co-hosting a conference that will help Lebanese businesses settle their business disputes quickly and effectively, supporting the country’s private sector and boosting economic growth. The conference, held in par

IFC Invests in Chinese Poultry Breeder to Support Food Safety and Rural Development

6 days 20 hours ago
Beijing, Dec 12, 2014—IFC, a member of the World Bank Group, is making a $10 million equity investment in Shandong Hekangyuan Poultry Breeding Company to support food safety and rural development in China. IFC’s investment will help increase Hekangyuan’s day-old duck and broiler productio

IFC Helps Tajik Food Producers Boost Competitiveness, Expand Markets

6 days 23 hours ago
Khujand, Tajikistan, December 9, 2014 — IFC, a member of the World Bank Group, is expanding its advisory program on food safety in Tajikistan, helping local food producers increase productivity, sales, and access to local and international markets. IFC will work with Tajik producers to im

IFC Funds ACWA Power Plant, Boosting Turkey’s Sustainable Energy Development

1 week 2 hours ago
Istanbul, Turkey, December 9, 2014 - IFC, a member of the World Bank Group, is providing a syndicated loan of $170 million to ACWA Power, an independent Saudi Arabian developer of power projects, for the construction of the new natural gas-fired power plant in Turkey. With a capacity of 9

IFC Financing for IHS Nigeria to Improve Service and Encourage Inclusive Growth

1 week 2 days ago
Lagos, Nigeria, December 8, 2014 – IFC, a member of the World Bank Group, announced a commitment of $200 million to help IHS Nigeria expand its tower portfolio and create mobile phone infrastructure that will improve mobile call service quality for operators and consumers in Nigeria. IFC’s fin

VF, IFC Provide Financing to Bangladeshi Garment Factories for Improving Workplace Safety

1 week 2 days ago
Washington D.C. and Greensboro, N.C., December 8, 2014—IFC, a member of the World Bank Group, and leading apparel supplier chain company VF Corporation provided loans to three Bangladeshi garment factories today under a new program for funding fire and building safety improvements. The financi

IFC Helps Promote Improved Corporate Governance in Europe and Central Asia

1 week 4 days ago
Tbilisi, Georgia, December 4, 2014—IFC, a member of the World Bank Group, is boosting the capacity of its partners in Europe and Central Asia to provide advice on good corporate governance and help spur private sector growth. Working with the law firm Eristavi & Partners, the Georgian Instit

IFC presta US$10 millones a Acuagranjas Dos Lagos para respaldar la expansión de la acuicultura en México

1 week 5 days ago
Ciudad de Washington, 4 de diciembre de 2014. La Corporación Financiera Internacional (IFC), organismo que integra el Grupo Banco Mundial, prestará US$10 millones a Acuagranjas Dos Lagos para financiar la expansión de sus operaciones de acuicultura y procesamiento en el estado mexicano de Chia

IFC Lends Acuagranjas Dos Lagos $10 Million to Support Expansion of Fish Farming in Mexico

1 week 6 days ago
Washington DC, December 4th, 2014—IFC, a member of the World Bank Group, will lend USD$10 million to Acuagranjas Dos Lagos to fund the expansion of its fish farming and processing operations in the Mexican state of Chiapas. Acuagranjas Dos Lagos, a subsidiary of Regal Springs, plans to inve

IFC Promotes Nigerian Independent Power Projects With Azura-Edo Investment

1 week 6 days ago
London, December 1, 2014 – IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the Azura-Edo IPP). The project will strengthen Nigeria’s gas-to-power value

IMF News

Press Release: IMF Executive Board Discusses Reform of the Policy on Public Debt Limits in Fund-Supported Programs

2 days 13 hours ago

Corporate Vulnerabilities in India and Banks' Loan Performance

2 days 14 hours ago
Working Paper No. 14/232

Georgia: Financial System Stability Assessment

2 days 14 hours ago
Country Report No. 14/355

Safe Debt and Uncertainty in Emerging Markets: An Application to South Africa

2 days 15 hours ago
Working Paper No. 14/231

Nigeria: IMF Staff Concludes 2014 Article IV Mission

2 days 15 hours ago

IMF Policy Paper: Reform of the Policy on Public Debt Limits in Fund-Supported Program--Proposed Decision and Proposed New Guidelines

2 days 15 hours ago

IMF Policy Paper: Reform of the Policy on Public Debt Limits in Fund-Supported Programs

2 days 15 hours ago

Iceland: 2014 Article IV Consultation and Fifth Post-Program Monitoring Discussion; concluding Statement of the IMF Mission

2 days 15 hours ago

Ukraine: Statement by an IMF mission

2 days 17 hours ago

Iceland: Repays Early Some Outstanding Obligations to the IMF

2 days 17 hours ago

Denmark: Financial Sector Assessment Program, Macroprudential Policies — Technical Note

3 days 11 hours ago
Country Report

Press Release: IMF Releases the Revamped Inter-Agency Task Force on Finance Statistics Website

3 days 11 hours ago

Zambia: Statement at the end of an IMF Article IV Mission

3 days 11 hours ago

Taxing Fossil Fuels under Speculative Storage

3 days 12 hours ago
Working Paper No. 14/228

Justin Wolfers: Policies To Bridge The Income Gap

3 days 14 hours ago
Podcast

Press Release: IMF Releases Results from 2013 Coordinated Direct Investment Survey

3 days 15 hours ago

Malawi: IMF Staff Completes Review Mission

3 days 15 hours ago

IMF Policy Paper: Staff Guidance Note on Macroprudential Policy

3 days 15 hours ago

Pakistan: IMF Executive Board Completes Fourth and Fifth Reviews Under Extended Fund Facility Arrangement, and Approves US$1.05 Billion Disbursement

3 days 17 hours ago

Indonesia: Statement at the End of 2014 Article IV Mission

3 days 23 hours ago

Das Public Kapital: How Much Would Higher German Public Investment Help Germany and the Euro Area?

4 days 9 hours ago
Working Paper No. 14/227

Resolving Residential Mortgage Distress: Time to Modify?

4 days 11 hours ago
Working Paper No. 14/226

Burundi: IMF Staff Completes Review Mission

4 days 11 hours ago

Republic of Moldova: IMF Executive Board Concludes Second Post-Program Monitoring Discussions

4 days 13 hours ago

Republic of Moldova: Second Post-Program Monitoring Discussions—Staff Report

4 days 13 hours ago
Country Report

IMF Survey: Strong Reforms Offer Countries Path to High-income Status

4 days 15 hours ago

Republic of South Sudan: 2014 Article IV Consultation- Staff Report; Staff Statement; and Press Release

4 days 17 hours ago

Republic of South Sudan: IMF Executive Board Concludes 2014 Article IV Consultation

4 days 17 hours ago

Uganda: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 19, 2014

4 days 17 hours ago

The Rich and the Great Recession

5 days 11 hours ago
Working Paper No. 14/225

Antigua and Barbuda: IMF Executive Board Concludes 2014 Article IV Consultation

5 days 13 hours ago

IMF Policy Paper: 2014 Triennial Surveillance Review - Managing Director's Action Plan for Strengthening Surveillance

5 days 13 hours ago

Senegal: IMF Executive Board Completes Eight PSI Review and Concludes 2014 Article IV Consultation

6 days 8 hours ago

Demand Composition and Income Distribution

6 days 9 hours ago
Working Paper No. 14/224

Malta: Concluding Statement of the 2014 Article IV Mission

6 days 9 hours ago

Argentina: Statement by the IMF Executive Board

6 days 10 hours ago

Private Saving Accelerations

6 days 11 hours ago
Working Paper No. 14/223

Does Inflation Slow Long-Run Growth in India?

6 days 11 hours ago
Working Paper No. 14/222

Cashing in for Growth: Corporate Cash Holdings as an Opportunity for Investment in Japan

6 days 13 hours ago
Working Paper No. 14/221

Belgium: Concluding Statement of the 2015 Article IV Mission

6 days 15 hours ago

IMF Research Bulletin: December 2014

6 days 15 hours ago

IMF Financial Activities -- Update December 11, 2014

6 days 15 hours ago

Ukraine: Statement by IMF First Deputy Managing Director David Lipton on his Visit to Ukraine

1 week 1 day ago

Transcript of a Press Briefing by William Murray, Deputy Spokesman, Communications Department, International Monetary Fund

1 week 2 days ago

IMF Survey: Latin American Conference Discusses Ideas to Promote Growth

1 week 2 days ago

IMF Survey: Rwanda's Inclusive Policies Are Benefiting Nation's Poorest

1 week 2 days ago

Bosnia and Herzegovina: Statement at the Conclusion of an IMF Mission

1 week 2 days ago

Lebanon: Statement by IMF Director Masood Ahmed at the Conclusion of a Visit

1 week 2 days ago

Slovenia: Concluding Statement of the 2014 Article IV Mission

1 week 2 days ago

Press Release: Statement by IMF Managing Director Christine Lagarde on IMF Quota and Governance Reforms

1 week 2 days ago

Mali: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 14, 2014

1 week 2 days ago

Rwanda: 2014 Article IV Consultation and Second Review Under the Policy Support Instrument-Staff Report; Press Release

1 week 2 days ago
Country Report No. 14/343

Rwanda: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, November 11, 2014

1 week 2 days ago

Mali: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria, and Request for Modification of Performance Criteria—Staff Report

1 week 3 days ago
Country Report

IMF Policy Paper: Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - November 24, 2014

1 week 3 days ago

IMF Survey: IMF Work Agenda Seeks to Jump-Start Growth

1 week 3 days ago
The IMF, seeking to prevent the global economy from settling into a “new mediocre,” has published a new work program that lays out its strategic priorities for the period ahead.

IMF Survey : South Africa Strives to Revive Growth, Cut Exposure to Risks

1 week 3 days ago

Podcast: South Africa's Economic Challenges, Laura Papi

1 week 3 days ago
Podcast

South Africa: Financial System Stability Assessment

1 week 3 days ago
Country Report No. 14/340

South Africa: Selected Issues Paper

1 week 3 days ago
Country Report No. 14/339

South Africa: 2014 Article IV Consultation-Staff Report; Informational Annex; Debt Sustainability Analysis; Staff Statement; Press Release; and Statement by the Executive Director for South Africa

1 week 3 days ago
Country Report No. 14/338

IMF Video: 2014 Review of the South African Economy

1 week 3 days ago

South Africa: IMF Executive Board Concludes Article IV Consultation

1 week 4 days ago

Managing House Price Booms: The Role of Macroprudential Policies--Remarks by Ratna Sahay, Deputy Director, IMF Monetary and Capital Markets Department

1 week 4 days ago

Rwanda: IMF Executive Board Completes Second PSI Review and Concludes 2014 Article IV Consultation

1 week 4 days ago

Uganda: IMF Executive Board Completes Third PSI Review

1 week 4 days ago

Press Release: CARTAC on Track to Its Busiest Year in Support of Economic and Financial Reforms in the Caribbean

1 week 4 days ago

IMF Survey: Lagarde Calls for "Quality Growth" in Latin America

1 week 4 days ago

IMF Survey : Youth Unemployment in Euro Area Requires Multipronged Solution

1 week 5 days ago

Youth Unemployment in Advanced Economies in Europe: Searching for Solutions

1 week 5 days ago
Staff Discussion Notes No. 14/11

Denmark: IMF Executive Board Concludes Article IV Consultation

1 week 5 days ago

Denmark: 2014 Article IV Consultation—Staff Report

1 week 5 days ago
Country Report

Denmark: Selected Issues Paper

1 week 5 days ago
Country Report

Kuwait: 2014 Article IV Consultation-Staff Report; Press Release

1 week 5 days ago
Country Report No. 14/333

Kuwait: Selected Issues Paper

1 week 5 days ago
Country Report No. 14/334

Kuwait: IMF Executive Board Concludes 2014 Article IV Consultation

1 week 5 days ago

Romania: Statement at the Conclusion of the IMF and EC Staff Visit

1 week 5 days ago

"Building a Future for Italy's Youth--Challenging the Present, Daring the Future," Bocconi University Inaugural Speech, By Christine Lagarde, IMF Managing Director

1 week 5 days ago

Press Release: IMF Executive Board Discusses 2014 Report on Diversity and Inclusion

1 week 6 days ago

IMF Policy Paper: Key Trends in Implementing the Fund''s Transparency Policy

1 week 6 days ago

IMF Financial Activities -- Update December 4, 2014

1 week 6 days ago

OECD News - Corruption

International Migrants Day: latest developments on international migration and its economic impact

3 days 13 hours ago
International Migrants Day: latest developments on international migration and its economic impact

Argentina seriously non-compliant with key articles of Anti-Bribery Convention, says OECD

3 days 21 hours ago
The OECD Working Group on Bribery doubts Argentina’s commitment to fight foreign bribery. Argentina still has no law to punish companies for foreign bribery or prosecute its citizens who commit this crime abroad. Widespread delays continue to plague complex economic crime investigations.

OECD Working Group on Bribery report on Argentina launches Thursday 18 December 2014

5 days 15 hours ago
The OECD Working Group on Bribery will release a review of Argentina’s efforts to fight foreign bribery on Thursday 18 December at 11.00 CET/07.00 Buenos Aires time.

Consultation on Phase 4 monitoring of the OECD Anti-Bribery Convention

1 week 5 days ago
On the occasion of International Anti-Corruption Day, this Working Group on Bribery consultation with the private sector and civil society focused on the development of the Phase 4 evaluation process of the OECD Anti-Bribery Convention.

International Anti-Corruption Day

1 week 5 days ago
As part of the International Anti-Corruption Day, the OECD has joined Member and Partner countries and other International Organisations in raising awareness about the costs and detrimental effects of corruption.

Spain has strong measures to combat money laundering and terrorist financing but improvements needed, says FATF

2 weeks 2 days ago
Spain has created a strong system to combat money laundering and terrorist financing, but improvements are needed in certain key areas, according to a new report by the Financial Action Task Force.

OECD News - Development

Detailed final 2013 aid figures released by OECD/DAC

2 days 18 hours ago
The detailed final aid figures for 2013 are now available on the OECD Aid Statistics web site. The new data add significant detail to preliminary Official Development Assistance (ODA) statistics that were released in April 2014.

UK should keep foreign aid at commendable 0.7% level, says OECD

4 days 21 hours ago
The United Kingdom has done well to increase its development spending to 0.72% of gross national income despite a challenging budget climate and should strive to maintain that level of aid for the years ahead, according to a new OECD Review.

A clearer picture of climate-related development finance

6 days 16 hours ago
The world will need more and better targeted financing to meet the challenges of global development post-2015. This means taking important decisions not only on what qualifies as official development assistance (ODA), but also on how those flows can be most strategically used.

Better education and skills are key to shift the economy up a gear, says latest Latin American Economic Outlook

1 week 5 days ago
Latin America’s GDP growth rate has slowed down in 2014, dropping below 1.5%. This is the first time in a decade that the region grows less than the OECD average, according to the OECD Development Centre, the Commission for Latin American and the Caribbean and the development bank for Latin America. Given the projections in the past weeks, any recovery in 2015 is likely to be challenging.

DACnews December 2014

1 week 6 days ago
DACnews is designed to help development practitioners keep abreast of DAC work so that we can increase its reach and impact. DACnews brings you the latest news, statistics and best practice recommendations from the OECD DAC plus guest speakers and comment from leaders in development.

OECD News - Economy

System of unit labour cost, OECD - Updated: December 2014

3 days 22 hours ago
OECD Unit Labour Costs edge up to 0.2% in the third quarter of 2014

New tax and expenditure elasticity estimates for EU budget surveillance

4 days 17 hours ago
This paper estimates the elasticities of government revenue and expenditure items with respect to the output gap for European Union (EU) countries. These elasticities are used by the European Commission, as part of the EU fiscal surveillance process, to calculate the semi-elasticity of the budget balance as a percentage of GDP with respect to the output gap.

New tax and expenditure elasticity estimates for EU budget surveillance

4 days 17 hours ago
This paper estimates the elasticities of government revenue and expenditure items with respect to the output gap for European Union (EU) countries. These elasticities are used by the European Commission, as part of the EU fiscal surveillance process, to calculate the semi-elasticity of the budget balance as a percentage of GDP with respect to the output gap.

Economic Survey of Australia 2014

5 days 17 hours ago
The economy is adjusting to the post mining-boom era. Long-term prosperity requires macroeconomic policy settings and structural reforms to focus on ensuring a successful rebalancing of economic activity towards non-resource sectors.

Can pro-growth policies lift all boats? An analysis based on household disposable income

1 week 2 days ago
In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the long-run impact of structural reforms on GDP per capita and household income distribution.

New tax and expenditure elasticity estimates for EU budget surveillance

1 week 2 days ago
This paper estimates the elasticities of government revenue and expenditure items with respect to the output gap for European Union (EU) countries. These elasticities are used by the European Commission, as part of the EU fiscal surveillance process, to calculate the semi-elasticity of the budget balance as a percentage of GDP with respect to the output gap.

G20 GDP Growth - Third quarter of 2014, OECD

1 week 3 days ago
G20 GDP growth picks up to 0.9% in the third quarter of 2014

Green growth: Environmental policies and productivity can work together

1 week 3 days ago
As environmental pressures continue to rise, governments throughout the OECD area have not been sitting back. If anything, the stringency of their policy measures has been increasing on the whole, not least to combat pollution and climate change. And as the evidence shows, stringent environmental policies can be introduced without hurting overall productivity.

OECD Economic Survey of Australia launches Wednesday 17 December 2014

1 week 4 days ago
The OECD’s latest Economic Survey of Australia, to be published onWednesday 17 December 2014, assesses the adjustments that will be necessary to ensure broad-based growth as the country exits a prolonged mining boom.

Do environmental policies matter for productivity growth?

1 week 4 days ago
Do environmental policies matter for productivity growth? This study presents new evidence on the role of environmental policies – stringency, as well as design and implementation features - for productivity growth.

Do environmental policies matter for productivity growth?

1 week 4 days ago
Do environmental policies matter for productivity growth? This study presents new evidence on the role of environmental policies – stringency, as well as design and implementation features - for productivity growth.

Do environmental policies matter for productivity growth? Insights from new cross-country measures of environmental policies

1 week 5 days ago
Environmental policies address wellbeing and sustainability objectives, affecting firm and household behaviour. A newly developed, cross-country composite proxy of environmental policy stringency (EPS) shows that stringency has been increasing across OECD countries over the past two decades.

Measuring environmental policy stringency in OECD countries - a composite index approach

1 week 5 days ago
Cross-country analysis of the economic effects of environmental policies is limited by the lack of reliable, comparable measures of the stringency of environmental policies. This paper attempts to fill this gap, by constructing new quantitative indexes of environmental policy stringency (EPS).

Empirical evidence on the effects of environmental policy stringency on productivity growth

1 week 5 days ago
This paper investigates the impact of changes in the stringency of environmental policies on productivity growth in OECD countries. Using a new environmental policy stringency (EPS) index, it estimates a reduced-form model of multi-factor productivity growth, where the effect of countries' environmental policies varies with pollution intensity of the industry and technological advancement.

Do environmental policies matter for productivity growth? Insights from new cross-country measures of environmental policies

1 week 5 days ago
Environmental policies address wellbeing and sustainability objectives, affecting firm and household behaviour. A newly developed, cross-country composite proxy of environmental policy stringency (EPS) shows that stringency has been increasing across OECD countries over the past two decades.

The indicators of the economic burdens of environmental policy design – results from the OECD questionnaire

1 week 5 days ago
Environmental policies seek to address market failures related to the protection of the environment. However, they may also increase barriers to entry and distort competition. If stringent environmental policies can be designed in a way that minimises such economic burdens, they can facilitate the achievement of economic and environmental goals and a cleaner growth model.

Composite Leading Indicators (CLI), OECD, December 2014

1 week 6 days ago
Composite leading indicators point to continued loss of growth momentum in Europe

OECD News - Finance

Annual Survey of Large Pension Funds

4 days 21 hours ago
The survey monitors and compares the investment behaviour, asset levels, and performances of the largest institutional investors in each region or country covered and analyses in greater depth the general trends observed at a national level.

OECD/Thailand Seminar on Financial Inclusion and Financial Literacy in Asia

5 days 16 hours ago
Taking place in Bangkok, this seminar will address cutting-edge policy issues and research ideas to promote financial inclusion and financial literacy in Asia, notably: national strategies for financial education; financial education and consumer protection; measuring financial literacy; and, financial literacy for micro-entrepreneurs and SMEs.

OECD/Thailand Seminar on Financial Inclusion and Financial Literacy in Asia

5 days 16 hours ago
Taking place in Bangkok, this seminar will address cutting-edge policy issues and research ideas to promote financial inclusion and financial literacy in Asia, notably: national strategies for financial education; financial education and consumer protection; measuring financial literacy; and, financial literacy for micro-entrepreneurs and SMEs.

Global insurance market trends

6 days 8 hours ago
This report analyses insurance market statistics collected by the OECD to monitor the insurance industry’s overall performance and health. It covers all OECD countries plus selected Asian, African and Latin American countries.

OECD Pensions Outlook

1 week 6 days ago
Published at two-yearly intervals, this book provides an analysis of the latest developments in pension policies in OECD countries, covering both public and private pension systems, as well as an assessment of trends in retirement income systems.

OECD Pensions Outlook

1 week 6 days ago
Published at two-yearly intervals, this book provides an analysis of the latest developments in pension policies in OECD countries, covering both public and private pension systems, as well as an assessment of trends in retirement income systems.

Launch of OECD Pensions Outlook 2014

1 week 6 days ago
The 2014 edition of the OECD Pensions Outlook explores the crucial and far-reaching challenges that pension systems are currently facing. This report will be released at a launch event in London on 8 December 2014.

Economic stagnation compounds demographic pressure on pension systems, says OECD

1 week 6 days ago
Low growth, low interest rates and low returns on investment linked to the slow global economy are now compounding the problems of population ageing for both public and private pension systems, according to a new OECD report.

The World Bank - Governance

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

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

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

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

The World Bank - Porverty Reduction

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

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

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

2 weeks 3 hours ago
Africa will be undergoing substantial demographic changes in the coming decades with the rising working age share of its population. The opportunity of African countries to convert these changes into demographic dividends for growth and poverty reduction will depend on several factors. The outlook will likely be good if African countries can continue the gains already made under better institutions and policies, particularly those affecting the productivity of labor, such as educational outcomes. If African countries can continue to build on the hard-won development gains, the demographic dividend could account for 11 to 15 percent of gross domestic product volume growth by 2030, while accounting for 40 to 60 million fewer poor in 2030. The gains can become much more substantial with even better educational outcomes that allow African countries to catch up to other developing countries. If the skill share of Africa's labor supply doubles because of improvements in educational attainment, from 25 to about 50 percent between 2011 and 30, then the demographic dividends can expand the regional economy additionally by 22 percent by 2030 relative to the base case and reduce poverty by an additional 51 million people.

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

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

World Trade Organization - News

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

2 days 15 hours ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 19 December 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”.

Liechtenstein pledges CHF 40,000 to help developing countries participate in Doha Round

3 days 15 hours ago
The government of Liechtenstein has pledged to donate CHF 40,000 to the WTO Doha Development Agenda Global Trust Fund for 2014. This brings its contributions since 2002 to CHF 440,000.

Programme for helping poorest countries trade is to be extended

3 days 15 hours ago
A multi-donor programme that helps the poorest countries be more active in global trade — the Enhanced Integrated Framework (EIF) – will have its mandate extended into a new phase, the EIF Steering Committee decided on 18 December 2014. Director-General Roberto Azevêdo, in addressing the Committee, said: “Trade can be an effective tool for economic growth and poverty reduction when the right conditions exist. The EIF was established precisely to help LDCs create those conditions.”

Appellate Body issues report on China-US dispute over countervailing duty measures

3 days 15 hours ago
On 18 December 2014, the WTO Appellate Body issued its report in the case “United States – Countervailing Duty Measures on Certain Products from China” (DS437).

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

4 days 15 hours ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 17 December 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-Brazil dispute over taxes

4 days 15 hours ago
The Dispute Settlement Body, on 17 December 2014, established a panel to examine a complaint by the European Union that several Brazilian programmes in the automobile, information and communication technologies and automation sectors conferred tax advantages to domestic products.

Egypt launches safeguard investigation on automotive batteries

4 days 15 hours ago
On 17 December 2014, Egypt notified the WTO’s Committee on Safeguards that it initiated on 15 December 2014 a safeguard investigation on automotive batteries.

Korea donates USD 350,000 for participation of developing countries in Doha Round

4 days 15 hours ago
The Republic of Korea has donated USD 350,000 (CHF 336,000) to the WTO Doha Development Agenda Global Trust Fund for 2014. This brings its contributions since 2002 to CHF 4,254,000.

Estonia pledges EUR 20,000 to help developing countries participate in Doha Round

5 days 15 hours ago
The government of Estonia has pledged to donate EUR 20,000 (CHF 24,000) to the WTO Doha Development Agenda Global Trust Fund for 2015. This donation will finance a wide range of trade-related technical assistance activities to help developing and least-developed countries (LDCs) to improve their participation in the Doha Round and better integrate into the world economy.

Trade Policy Review: United States of America

5 days 18 hours ago
The twelfth review of the trade policies and practices of the United States of America takes place on 16 and 18 December 2014. The basis for the review is a report by the WTO Secretariat and a report by the Government of the United States of America.

Turkey launches safeguard investigation on wallpaper and similar wallcoverings

1 week 2 days ago
On 12 December 2014, Turkey notified the WTO’s Committee on Safeguards that it initiated on 12 December 2014 a safeguard investigation on wallpaper and similar wallcoverings.

DG Azevêdo urges members to remain actively engaged on ITA

1 week 2 days ago
In reaction to developments in negotiations on the expansion of the Information Technology Agreement (ITA), Director-General Roberto Azevêdo said on 12 December 2014: “The participants have significantly reduced the gaps on expanding the coverage of the ITA in recent days but unfortunately it has not been possible to finalise the negotiations this week. I urge members to remain actively and constructively engaged as we try to bridge the gaps in these negotiations.”

Members prepare for 200-day push on GI register portion of post-Bali programme

1 week 2 days ago
WTO intellectual property negotiators said they were committed to meet the July 2015 deadline for laying down plans on how to complete the Doha Round talks — in their case on how to set up a geographical indications register for wines and spirits. But speakers on both sides of the debate said in a 12 December 2014 informal meeting that hard talking would have to wait until a clearer picture emerges in other key subjects.

Hong Kong, China first to ratify WTO’s Trade Facilitation Agreement

1 week 4 days ago
Hong Kong, China has become the first WTO member to formally ratify the WTO’s new Trade Facilitation Agreement (TFA). Hong Kong officials informed the WTO’s General Council on 10 December 2014 that the territory deposited its instrument of acceptance for the TFA Protocol with the WTO Secretariat on 8 December.

Japan donates USD 76,742 to support food safety, and animal and plant health standards

1 week 4 days ago
The government of Japan has contributed USD 76,742 (CHF 74,034) to the Standards and Trade Development Facility (STDF) for 2014. The objective is to help developing countries and least-developed countries establish and implement sanitary and phytosanitary standards (SPS) for health protection and expand their ability to gain or maintain access to global markets.

Azevêdo: Accessions work is a WTO priority

1 week 4 days ago
Director-General Roberto Azevêdo , in introducing his annual report on WTO accessions to the General Council on 10 December, said that through accessions, the WTO has expanded its world trade coverage from just under 91% in 1995 to about 98% in 2013. “Evidence shows that the results from the WTO accessions have strengthened our system, supported domestic reforms and contributed to global growth, development and prosperity,” he said.

General Council approves Seychelles’ WTO membership, only ratification left

1 week 4 days ago
WTO members adopted Seychelles’ WTO terms of entry at the General Council meeting on 10 December 2014. Seychelles will have until 1 June 2015 to ratify the deal to formally become a WTO member 30 days after it notifies the ratification to the WTO Director-General.

Nairobi, Kenya to host 10th WTO Ministerial Conference

1 week 4 days ago
The General Council, on 10 December, agreed that the 10th Ministerial Conference be held in Nairobi, Kenya from 15 to 18 December 2015. The chair, Ambassador Jonathan Fried, warmly thanked and congratulated Foreign Minister Amina Mohamed and the Government of Kenya for their successful offer. He noted that he had previously informed delegations of Turkey’s decision to withdraw its offer to host the Conference in favour of Kenya, and thanked Turkey for its constructive spirit during the whole process.

General Council: Proposed agenda

1 week 4 days ago

Let’s make sure 2015 will be a year to remember for the WTO – Azevêdo

1 week 4 days ago
Director-General Roberto Azevêdo told the General Council on 10 December that “2015 is going to be a big year for the WTO” with the celebration of its 20th anniversary and the holding of its 10th Ministerial Conference. He also said that “we have real deadlines to meet”, including developing the work programme on the remaining Doha Round issues by the end of July 2015. Negotiating chairs, he said, are convening the first round of meetings towards meeting this goal.

Azevêdo says rise in trade restrictions “cause for concern”

1 week 6 days ago
Director-General Roberto Azevêdo, in introducing his annual report “Developments in the International Trading Environment” to the Trade Policy Review Body on 8 December, said that “the stock of trade restrictions introduced by WTO members since 2008 continues to rise”. He said that “in a climate of economic uncertainty the continued accumulation of trade-restrictive measures poses a clear risk”.

Azevêdo opens 29th Geneva Week for non-resident members and observers

1 week 6 days ago
Director-General Roberto Azevêdo, on 8 December, opened the week-long “Geneva Week” for WTO members and observers who do not have permanent missions in Geneva. He briefed participants on recent WTO developments, including the breakthrough in the General Council on Bali issues. “We will all be here to listen to you and support you in any appropriate way that we can,” he said.

Appellate Body issues report on India-US steel dispute

1 week 6 days ago
On 8 December 2014, the WTO Appellate Body issued its report in the case “United States – Countervailing Measures on Certain Hot-Rolled Carbon Steel Flat Products from India” (DS436).

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