News Feed

IFC Press Releases

IFC, MF Banka to Expand Micro-Enterprise Finance in Bosnia and Herzegovina

23 hours 56 min ago
Sarajevo, Bosnia and Herzegovina, October 31, 2014—IFC, a member of the World Bank Group, is providing a €4 million loan to MF Banka to support the bank’s lending to micro and small enterprises in Bosnia and Herzegovina. Smaller companies are critical to Bosnia and Herzegovina’s economic devel

Palau, Solomon Islands, Timor-Leste, and Vanuatu Recognized for Reforms to Drive Business Growth

23 hours 56 min ago
Sydney, Australia, October 29, 2014— Palau, Solomon Islands, Timor-Leste, and Vanuatu are the Pacific economies that have implemented reforms to encourage business growth over the past year, according to a World Bank Group report measuring the ease of doing business in 189 economies across the

Australia Ranked as the 10th Most Business-Friendly Economy in the World

23 hours 56 min ago
Sydney, Australia, October 29, 2014—A new World Bank Group report ranks Australia as the world’s 10th most business-friendly regulatory environment. Singapore tops the list, followed by New Zealand and Hong Kong. Released today, Doing Business 2015: Going Beyond Efficiency finds that entre

World Bank Group’s Enterprise Survey Shows Scope for Reforms to Promote Private Sector Development in Myanmar

23 hours 56 min ago
YANGON, October 31, 2014—A new World Bank Group survey in Myanmar finds that reforms of the country’s investment climate are urgent across a number of areas, especially access to finance, land, electricity and skilled workers, which were identified as the top constraints. Addressing these key

World Bank Group Helps Modernize Sales Tax System in Pakistan

23 hours 56 min ago
Lahore, Pakistan, October 29, 2014—The World Bank Group has launched a project to help simplify the administration of sales tax in Pakistan’s Punjab province, part of a wider effort to stoke economic growth across the country. The project will help the Punjab Revenue Authority (PRA) develop

Timor-Leste Recognized for Reforms That Encourage Private Sector Growth

1 day 1 hour ago
Sydney, Australia, October 29, 2014—Timor-Leste is the economy that improved the ease of starting a business the most over the last year, reducing the time required to do that from 94 days to 10, according to a World Bank Group report that measures the ease of doing business in 189 economies a

Solomon Islands Recognized for Improving Access to Electricity and Encouraging Entrepreneurship

2 days 1 hour ago
Sydney, Australia, October 29, 2014—Solomon Islands has improved the ease of getting electricity the most out of 189 economies over the past year, according to a World Bank Group report that ranks the economies in terms of their ease of doing business. Released today, Doing Business 2015:

Economies in East Asia and the Pacific are Undertaking Reforms Benefiting Entrepreneurs, Singapore Continues to Lead the World in Ease of Doing Business

3 days 1 hour ago
Washington, D.C., October 29, 2014—A new World Bank Group report finds that Singapore continues to provide the world’s most business-friendly regulatory environment. Also among the top 10 economies in the ease of doing business ranking are New Zealand; Hong Kong SAR, China; the Republic of Kor

IFC and ARM Capital support Boulos Foods and Beverages to Strengthen Nigeria’s Agribusiness Sector

4 days 19 hours ago
Lagos, Nigeria. October 23, 2014 – IFC, a member of the World Bank Group, and ARM Capital Partners, the manager of ARM Private Equity Fund, today announced a joint $9.5 million equity investment in Boulos Foods and Beverages Limited to support the expansion of a food and beverage processing pl

IFC Helps Leasing Firms Improve Tax Compliance to Enable Greater Financing for Lao Small and Medium Enterprises

4 days 19 hours ago
Vientiane, Lao PDR, October 24, 2014—IFC, a member of the World Bank Group, and the Bank of Lao People’s Democratic Republic are helping leasing companies improve tax compliance so that they can maintain a sustainable operation and provide an alternative source of access to finance for small a

IFC Helps Microfinance Reach Entrepreneurs in Kazakhstan

4 days 19 hours ago
Almaty, October 24, 2014—IFC, a member of the World Bank Group, is providing a $5 million loan equivalent in Kazakh Tenge to KazMicroFinance, a leading Kazakh microfinance institution, to increase access to finance for the country’s more than 80,000 entrepreneurs. IFC is also signing an a

IFC Coaches the Top Lao Hydroelectricity Firm on Managing Environmental and Social Risks

4 days 19 hours ago
Vientiane, Lao PDR, October 27, 2014—IFC, a member of the World Bank Group, is helping EDL-Generation Public Company (EDL-GEN), the largest hydroelectricity generator in Lao People’s Democratic Republic, improve its management of environmental and social risks so that the company can operate m

IFC to Boost Lending to SMEs, Renewable Energy, and Energy Efficiency in Romania

4 days 19 hours ago
Bucharest, Romania, October 27, 2014—IFC, a member of the World Bank Group, is providing a €7 million loan to Garanti Leasing Romania to support smaller businesses and, with a specially earmarked €4 million, finance energy efficiency and renewable energy projects. Small and medium-sized c

IFC and ARM Capital support Boulos Foods and Beverages to Strengthen Nigeria’s Agribusiness Sector

5 days 3 hours ago
Lagos, Nigeria. October 23, 2014 – IFC, a member of the World Bank Group, and ARM Capital Partners, the manager of ARM Private Equity Fund, today announced a joint $9.5 million equity investment in Boulos Foods and Beverages Limited to support the expansion of a food and beverage processing pl

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

1 week 17 hours 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 investe R$ 200 milhões na Vix Logística para apoiar sua expansão e melhorar a competitividade do Brasil

1 week 23 hours 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 to Subscribe $15 Million in New Shares in Copeval to Continue Supporting Agribusiness in Chile

1 week 23 hours 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 suscribirá US$15 Millones en nuevas acciones de Copeval para continuar apoyando la industria agrícola en Chile

1 week 1 day 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.

Haiti Develops First Credit Reporting System To Increase Access to Finance

1 week 1 day ago
Port au Prince, Haiti, October 21, 2014 - Haiti’s Central Bank today launched its first credit reporting system, which will allow financial institutions to share credit information and better manage lending risks, thereby expanding access to credit for individual borrowers and small businesses

IFC Partners with United Bulgarian Bank to Boost Trade

1 week 2 days 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 Helps HealthPlus Extend Reliable Pharmaceutical Services for Nigerians

1 week 2 days 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

1 week 2 days 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

1 week 4 days 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

1 week 4 days 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

2 weeks 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

IMF News

IMF Policy Paper: Recent Fall in the SDR Interest Rate - Implications and Proposed Amendments to Rule T-1

9 hours 47 min ago

IMF Policy Paper: Sixth Periodic Monitoring Report on the Status of Implementation Plans in Response to Board-Endorsed IEO Recommendations

13 hours 23 min ago

Transcript: Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund

13 hours 38 min ago

Mauritania: Statement on the 2014 Article IV Mission

18 hours 1 min ago

Suriname: Selected Issues Paper

18 hours 54 min ago
Country Report

Suriname: 2014 Article IV Consultation--Staff Report

18 hours 54 min ago
Country Report

Suriname: IMF Executive Board Concludes 2014 Article IV Consultation

18 hours 54 min ago

Fiscal Devaluation in a Monetary Union

19 hours 19 min ago
Working Paper No. 14/201

Policy and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach

1 day 15 hours ago
Working Paper No. 14/200

Official Financial Flows, Capital Mobility, and Global Imbalances

1 day 15 hours ago
Working Paper No. 14/199

Republic of Poland: Concluding Statement of an IMF Staff Visit

1 day 19 hours ago

"Economic Diplomacy and the Need for a New Multilateralism", Speech by Christine Lagarde, Managing Director, IMF

2 days 8 hours ago

IMF Survey: IMF and Kuwait Officially Open Mideast Training Center

2 days 8 hours ago

Podcast: Uganda-Capacity Building for Growth

2 days 11 hours ago

El Salvador: IMF Staff Concludes 2014 Article IV Mission

2 days 11 hours ago

Tanzania: Conclusion of the IMF Review Mission

2 days 12 hours ago

IMF Survey: IMF and Kuwait Officially Open Mideast Training Center

2 days 14 hours ago

Conference: Third IMF/WB/WTO Joint Trade Workshop, November 6-7, 2014

2 days 16 hours ago

Uganda: IMF Concludes Mission on the Third Review of the PSI

2 days 18 hours ago

Belarus: IMF Staff Concludes Visit

3 days 11 hours ago

IMF Video:Press Briefing: IMF Middle East and North Africa Regional Economic Outlook

3 days 11 hours ago

Non-Defaultable Debt and Sovereign Risk

3 days 12 hours ago
Working Paper No. 14/198

Azerbaijan: Statement at the End of an IMF Staff Visit

3 days 17 hours ago

The Impact of the Global Financial Crisis on Banking Globalization

4 days 12 hours ago
Working Paper No. 14/197

Gross Private Capital Flows to Emerging Markets: Can the Global Financial Cycle Be Tamed?

4 days 13 hours ago
Working Paper No. 14/196

Middle East and Central Asia region -- Regional Economic Outlook; October, 2014

4 days 22 hours ago

IMF Survey : Mideast Sees Fragile Recovery Amid Conflicts and Transitions

4 days 22 hours ago

IMF Video:IMF on Fragile Recovery in Mideast Amid Conflicts and Transitions

4 days 23 hours ago

Statement by the IMF Spokesman on the ECB’s Comprehensive Assessment

5 days 12 hours ago

Press Release: MD Lagarde Welcomes GCC Countries Strong Economic Performance, Identifies Key Reforms to Sustain Growth

6 days 20 hours ago

Press Release: IMF Executive Board Modifies Rule for Setting SDR Interest Rate

1 week 10 hours ago

Global Risks and Collective Action Failures: What Can the International Community Do?

1 week 11 hours ago
Working Paper No. 14/195

Press Release: IMF Forum Discusses Proposals on Energy Provision, Taxation, and Financial Sector to Raise Growth in the Caribbean

1 week 13 hours ago

Building Market Economies in Europe: Lessons and Challenges after 25 Years of Transition, By David Lipton, First Deputy Managing Director, International Monetary Fund

1 week 18 hours ago

Zimbabwe: Statement by IMF African Department Director Antoinette Sayeh at the Conclusion of her Visit

1 week 20 hours ago

Press Release: IMF’s Middle East Regional Technical Assistance Center Concludes Workshop on the Compilation of Financial Account and External Sector Position Statistics

1 week 20 hours ago

Financial Frictions and Sources of Business Cycle

1 week 1 day ago
Working Paper No. 14/194

Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon

1 week 1 day ago
Working Paper No. 14/193

Public Employment and Compensation Reform During Times of Fiscal Consolidation

1 week 1 day ago
Working Paper No. 14/192

Unlocking Economic Growth, By Min Zhu, Deputy Managing Director, IMF

1 week 1 day ago

Press Release: CARTAC Hosts Regional Strategizing Workshop for Further Economic Integration

1 week 1 day ago

Podcast: Arvind Subramanian, India's new Chief Economic Advisor

1 week 1 day ago
Podcast

Democratic Republic of the Congo: Financial System Stability Assessment

1 week 2 days ago
Country Report No. 14/315

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

1 week 2 days ago
Working Paper No. 14/191

Unraveling the Monetary Policy Transmission Mechanism in Sri Lanka

1 week 2 days ago
Working Paper No. 14/190

Unconventional Monetary Policy and Long-Term Interest Rates

1 week 2 days ago
Working Paper No. 14/189

IMF Video: Building Market Economies in Europe

1 week 2 days ago

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

1 week 2 days ago

Cyprus: 2014 Article IV Consultation—Staff Report

1 week 2 days ago
Country Report

Cyprus: IMF Executive Board Concludes 2014 Article IV Consultation

1 week 2 days ago

Cyprus: Selected Issues Paper

1 week 2 days ago
Country Report

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

1 week 3 days ago

Podcast: Unlocking Economic Growth in the Caribbean

1 week 4 days ago
Podcast

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

1 week 4 days ago

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

1 week 4 days ago

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

1 week 4 days ago

OECD News - Corruption

Launch of the OECD Foreign Bribery Report

0 sec ago
The OECD Foreign Bribery Report will be launched by the OECD Secretary-General in Paris on 2 December 2014. This ground breaking report analyses data emerging from all foreign bribery enforcement actions concluded since the entry into force of the OECD Anti-Bribery Convention and for the first time ‘measures’ the crime of corruption.

The Foreign Bribery Report

0 sec ago
This ground breaking report seeks to quantify the who, what, when why and how of transnational bribery. Scheduled for release on 2 December 2014, the Foreign Bribery Report is based on analysis of data emerging from all foreign bribery enforcement actions concluded since the entry into force of the OECD Anti-Bribery Convention and for the first time ‘measures’ the crime of corruption.

Webinar – Best Practices in Green Public Procurement

0 sec ago
Webinar presenting OECD’s and UNEP’s Compendium of Best Practices in Green Public Procurement

Brazil closes legal loophole on foreign bribery: OECD hopes this will now translate into stepped up enforcement

2 days 21 hours ago
Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery.

Kazakhstan must sharpen its strategy and raise impact of its anti-corruption measures

2 days 23 hours ago
Kazakhstan’s new anti-corruption strategy must be better defined, involving key stakeholders, with targeted actions and goals that address the key corruption challenges facing the country, says a new OECD report by the Istanbul Anti-Corruption Action Plan (IAP).

OECD Working Group on Bribery reports on Brazil launch Wednesday 29 October 2014

3 days 21 hours ago
The OECD Working Group on Bribery will release a report tomorrow Wednesday 29 October at 13.00 CET/10.00 Brasilia time on Brazil’s efforts to fight foreign bribery.

FATF guidance tackles terrorist finance and money laundering risk in banks and corporate entities

3 days 23 hours ago
New guidance from the Financial Action Task Force (FATF) will help countries tackle the misuse of corporate entities for money laundering, terrorist financing and other illicit purposes.

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

1 week 1 day 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

1 week 1 day 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

Social Cohesion Policy Review of Viet Nam

3 days 22 hours ago
This report examines the effects of recent economic growth in Viet Nam on social cohesion. It finds that recent rapid economic growth in Viet Nam has not resulted in an increase in overall inequality, but the level of inequality was already high.

Development Centre Newsletter - October 2014

2 weeks 1 day ago
14th International Economic Forum on Africa / How was life? / Strengthening Philanthropy's Engagement with the Post-2015 Development Agenda

OECD News - Economy

OECD Economic Survey of Slovak Republic launches Wednesday 5 November 2014

21 hours 54 min ago
The OECD’s latest Economic Survey of the Slovak Republic, to be published on Wednesday 5 November 2014, assesses the country’s prospects for inclusive economic growth and sustainable public finances. The Survey discusses the short term economic outlook and identifies structural reforms that can improve public sector efficiency and spur growth in economically disadvantaged regions.

Economic projections for G20 countries to be released on Thursday 6 November 2014

1 day 18 hours ago
he OECD will present its latest economic projections for G20 countries on Thursday 6 November at 11:00 a.m. CET (10:00 GMT).

A revival of the private rental sector of the housing market? Lessons from Germany, Finland, the Czech Republic and the Netherlands

4 days 38 min ago
This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic.

Fundamental reforms paving the way for economic recovery in Portugal, OECD says

4 days 23 hours ago
Fundamental reforms have helped put the Portuguese economy back on the right track, but a durable recovery will require additional measures to improve export competitiveness, create jobs and ensure social protection for those most in need, according to the latest OECD Economic Survey of Portugal.

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

2 weeks 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

2 weeks 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.

OECD News - Finance

2nd Global Policy Research Symposium to Advance Financial Literacy

0 sec ago
Discussions at this OECD-GFLEC event 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

2 weeks 1 day 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

2 weeks 1 day 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

2 weeks 1 day 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.

The World Bank - Governance

Trafficking and fragility in West Africa

1 day 6 hours ago
Trafficking is an emerging concern in West Africa. In 2011, 17 percent of all cocaine consumed in Europe -- 21 tons -- passed through the region, for a retail value of US$1.7 billion. This paper discusses the evolution of trafficking in the region and provides estimates of the size and value of trafficking flows to demonstrate the significance of this illegal activity. Although this topic is gaining increasing attention, less attention has been has been paid to how trafficking is perpetuating fragility. This paper contributes to this area of research by identifying five channels through which trafficking is intensifying fragility in the region. The relative importance of each channel is discussed, with specific countries as case-study examples. Possible programmatic responses are then suggested with examples of policy approaches successfully adopted elsewhere in the world.

The World Bank - Law and Development

Trafficking and fragility in West Africa

1 day 6 hours ago
Trafficking is an emerging concern in West Africa. In 2011, 17 percent of all cocaine consumed in Europe -- 21 tons -- passed through the region, for a retail value of US$1.7 billion. This paper discusses the evolution of trafficking in the region and provides estimates of the size and value of trafficking flows to demonstrate the significance of this illegal activity. Although this topic is gaining increasing attention, less attention has been has been paid to how trafficking is perpetuating fragility. This paper contributes to this area of research by identifying five channels through which trafficking is intensifying fragility in the region. The relative importance of each channel is discussed, with specific countries as case-study examples. Possible programmatic responses are then suggested with examples of policy approaches successfully adopted elsewhere in the world.

Does mandating nondiscrimination in hiring practices influence women's employment ? evidence using firm-level data

4 days 6 hours ago
This study explores the relationship between mandating a nondiscrimination clause in hiring practices along gender lines and the employment of women versus men in 58 developing countries. The study finds a strong positive relationship between a nondiscrimination in hiring clause and women's relative to men's employment. The relationship is robust to several controls at the firm and country levels. The results also show sharp heterogeneity in the relationship between the nondiscrimination in hiring clause and women's versus men's employment, with the relationship being much larger in richer countries and in countries with more women in the population as well as among relatively smaller firms.

The World Bank - Porverty Reduction

Can conditional cash transfers improve education and nutrition outcomes for poor children in Bangladesh ? evidence from a pilot project

3 days 6 hours ago
There is an increasing recognition that investment in human development at an earlier age can have a significant impact on the lifetime earnings capacity of an individual. This notion is the basis for the popularity of conditional cash transfer programs to help boost child health and education outcomes. The evidence on the impact of conditional cash transfers on health and education outcomes, however, is mixed. This paper uses panel data from a pilot project and evaluates the impact of conditional cash transfers on consumption, education, and nutrition outcomes among poor rural families in Bangladesh. Given implementation challenges the intervention was not able to improve school attendance. However the analysis shows that the pilot had a significant impact on the incidence of wasting among children who were 10-22 months old when the program started, reducing the share of children with weight-for-height below two standard deviations from the World Health Organization benchmark by 40 percent. The pilot was also able to improve nutrition knowledge: there was a significant increase in the proportion of beneficiary mothers who knew about the importance of exclusively breastfeeding infants until the age of six months. The results also suggest a significant positive impact on food consumption, especially consumption of food with high protein content.

World Trade Organization - News

Azevêdo urges members to continue talking about ways to move forward beyond Bali impasse

17 hours 7 min ago
Director-General Roberto Azevêdo reported to heads of delegations on 31 October 2014 that there had been no change in the situation regarding the implementation of the Bali Package. He urged members to continue discussing three potential scenarios of ways forward which emerged from consultations with members.

EU files dispute against Russia over tariffs on agricultural and manufactured goods

17 hours 7 min ago
The European Union notified the WTO Secretariat on 31 October 2014 of a request for consultations with the Russian Federation regarding the tariff treatment Russia accords to certain goods in both agricultural and manufacturing sectors, measures that according to the EU “adversely affect exports of these goods from the European Union to Russia”.

Montenegro and New Zealand to join the WTO’s Agreement on Government Procurement

2 days 17 hours ago
Montenegro and New Zealand will become the newest members of the WTO’s Government Procurement Agreement (GPA) after their accession bids received the green light on 29 October 2014, a move which will help the two countries gain access to procurement markets currently valued at up to $1.7 trillion annually.

Tobacco packaging returns to intellectual property council, along with innovation

3 days 17 hours ago
WTO members meeting as the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Council on 28–29 October 2014 responded to the latest developments on plain packaging for tobacco products, exchanged views on innovation, and heard about plans to make it easier to make sense of the huge amount of information they have shared with each other in the WTO.

WTO publishes annual package of trade and tariff data

3 days 17 hours ago
The WTO released on 28 October 2014 new editions of its key statistical publications: International Trade Statistics, Trade Profiles, World Tariff Profiles and Services Profiles. The four publications provide a detailed breakdown of the latest trade developments.

WTO Chairs Programme launched at Sultan Qaboos University, Oman

4 days 17 hours ago
Deputy Director-General David Shark, on behalf of Director-General Roberto Azevêdo, on 27 October 2014 launched the WTO Chairs Programme at Sultan Qaboos University,Oman and at the same time launched the first WTO Regional Trade Policy Course for the Arab and Middle East region organized jointly between Sultan Qaboos University and the WTO Secretariat.

Azevêdo: WTO to strengthen partnership with Enhanced Integrated Framework to help poorest

4 days 17 hours ago
Director-General Roberto Azevêdo told the Enhanced Integrated Framework (EIF) Board on 30 October 2014 that “we all want to see the EIF grow into a stronger, more efficient programme so that it can overcome the challenges of the past, and do even more to help LDCs achieve their development goals in the future”. He pointed out that “there is no other programme which is as comprehensive as the EIF in supporting LDCs to address all aspects of their trade capacity”.

Illegal logging and importance of international cooperation discussed in committee

1 week 1 day ago
The importance of improved international cooperation to complement national and regional efforts to combat illegal logging featured in discussions during the latest meeting of the WTO Environment Committee on 23 October 2014.

Trade Policy Review: Djibouti and Mauritius

1 week 2 days 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

1 week 2 days 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

1 week 2 days 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 week 3 days ago

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

1 week 3 days 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

1 week 4 days 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

1 week 4 days 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

1 week 4 days 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

1 week 4 days 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

1 week 4 days ago
The new member of the Appellate Body, Mr. Shree Baboo Chekitan Servansing, was sworn in at a ceremony on 20 October 2014.

Chairman urges members to step up notification efforts on import licensing

1 week 4 days ago
The chairman of the Import Licensing Committee, Tsotetsi Makong of Lesotho, opened the 20 October 2014 meeting citing concerns about WTO members’ compliance with notification obligations under the Agreement on Import Licensing Procedures.

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

1 week 4 days 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

1 week 4 days 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

2 weeks 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.

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