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IFC Press Releases

IFC to Provide a $60 Million Renewable Energy Credit Line and a Trade Facility to Banco Consorcio in Chile

54 min 50 sec ago
Washington, DC, July 1, 2015—IFC, a member of the World Bank Group, signed an agreement to provide $60 million to Banco Consorcio in Chile to finance non-conventional renewable energy projects in the country. IFC’s long-term financing will help scale-up commercially viable technologies and div

IFC Invests in Bhutan’s Zhiwa Ling Hotel, Supports Growth and Boosts Investments in Tourism

54 min 50 sec ago
Bhutan, July 1, 2015 —IFC, a member of the World Bank Group, will invest $3.5 million in Bhutan’s Zhiwa Ling Hotel to support its plans to refurbish and increase room capacity and boost tourism in the country. This is the first ever external borrowing by a private Bhutanese company.   IFC’

IFC Appoints Vera Songwe Regional Director for West and Central Africa

54 min 50 sec ago
Dakar, July 1, 2015—IFC, a member of the World Bank Group has appointed Vera Songwe IFC Regional Director for West and Central Africa, based in Dakar, Senegal. Until June 30, 2015, Ms. Songwe, a Cameroonian national, was the World Bank Country Director for Senegal, Cape Verde, Gambia, Guinea B

Madame Vera Songwe, nouveau Directeur Régionale d’IFC pour l’Afrique de l’Ouest et Centrale

54 min 50 sec ago
Dakar, 1er juillet 2015—IFC, membre du Groupe de la Banque mondiale vient de nommer Madame Vera Songwe au poste de Directeur régionale pour l’Afrique de l’Ouest et Centrale, avec résidence à Dakar au Sénégal. De nationalité camerounaise, Madame Songwe était jusqu’au 30 juin 2015, Directeur des

IFC $65 Million Syndicated Loan Helps Expand Microfinance Lending in Cambodia

21 hours 55 min ago
Bangkok, Thailand, June 30, 2015—IFC, a member of the World Bank Group, has arranged a syndicated loan of $65 million to help Cambodia’s PRASAC Microfinance Institution Ltd. – the country’s biggest microfinance provider – increase its lending to micro, small, and medium rural and agricultural

IFC Supports Sustainable Food Production with Loan to Smithfield Romania

1 day 2 hours ago
Washington DC, June 29, 2015—IFC, a member of the World Bank Group, will lend US$60 million to Smithfield Romania, a leading pork producer and processor, to support the company’s plans to expand its farms and processing facilities in Romania. The investment will promote employment in the agrib

IFC, Deutsche Bank Trade Financing Deal Boosts Pakistan’s Renewable Energy Sector

1 day 2 hours ago
Islamabad, Pakistan, June 29, 2015—IFC, a member of the World Bank Group, Deutsche Bank and Bank AL Habib Limited Pakistan today announced a new trade financing deal to allow the import of equipment for a new wind power plant, boosting the country’s generation of clean energy and supporting cr

World Bank Group Director Visits Hargeisa to Discuss Development Priorities

1 day 2 hours ago
Hargeisa, June 29, 2015 – Cecile Fruman, World Bank Group Director of the Trade & Competitiveness Global Practice has completed a three-day mission to Hargeisa. During her visit, she was briefed by high-level stakeholders on private sector investment in key development sectors. She also discus

IFC, Turkey, and Partners to Build World’s Largest Health Campus in Ankara

2 days 9 hours ago
Istanbul, Turkey, June 25, 2015 - IFC, a member of the World Bank Group, is arranging €154 million in financing to help build the world’s largest healthcare facility – a €1.1 billion integrated campus in the Turkish capital, Ankara. The new campus is part of a Ministry of Health program to

New World Bank Group Report Says Poland’s Cities Are Business-Friendly, but Room for Improvement Remains

2 days 20 hours ago
WARSAW, June 25, 2015 — A new report by the World Bank Group compares business regulations affecting domestic firms in Poland and finds that good regulatory practices exist across many of the cities measured. The report points out that sharing local good practices among cities can help improve

IFC Invests in Hexagon Solid Waste, Supporting Turkey’s First Waste-to-Fertilizer Plant and Boosting Sustainability

2 days 22 hours ago
  Istanbul, Turkey, June 24, 2015 - IFC, a member of the World Bank Group, arranged a $95 million financing package to Hexagon Solid Waste to help build and operate solid waste management and organomineral fertilizer production facilities in Turkey. Hexagon Solid Waste’s innovative busines

IFC, Ecom, Starbucks y el BID ayudan a caficultores nicaragüenses a combatir la roya

3 days 50 min ago
Ciudad de Washington, 24 de junio de 2015 - La Corporación Financiera Internacional (IFC), miembro del Grupo del Banco Mundial, otorgará préstamos a largo plazo para ayudar a los caficultores nicaragüenses a combatir los efectos devastadores del hongo La Roya, que ha arrasado Centroamérica, re

IFC, Minerals Commission and Chamber of Mines Partner to Boost Local Sourcing in Ghana’s Mining Industry

1 week 1 hour ago
Accra, Ghana. June 24, 2015 – IFC, a member of the World Bank Group, the Ghana Minerals Commission, and the Ghana Chamber of Mines are working together to strengthen smaller, local businesses involved in Ghana’s extractives industry, a major contributor to jobs and economic growth in the count

IFC, Ecom, Starbucks, IDB Partner to Help Nicaraguan Farmers Combat Coffee Rust Disease

1 week 4 hours ago
Washington D.C., June 24, 2015 —IFC, a member of the World Bank Group, will provide long-term loans to help Nicaraguan coffee farmers combat the devastating effects of the coffee rust fungus, which has swept through Central America crippling production and threatening the livelihoods of millio

IFC Supports Tunisia's Olive Oil Industry

1 week 22 hours ago
Tunis, Tunisia, June 23, 2015—IFC, a member of the World Bank Group, is providing a loan package worth up to $26 million to one of Tunisia's leading olive oil producers, part of an effort to spur economic growth across the North African country. The long-term financing package will help Sf

IFC Promotes Financing for Renewable Energy Projects in Egypt

1 week 22 hours ago
Cairo, Egypt, June 23, 2015—IFC, a member of the World Bank Group, and the Egyptian Banking Institute co-hosted a workshop in Cairo to highlight the investment opportunities emerging in Egypt in renewable energy, promote financing for such projects and encourage best practice in the field.

IFC Treasury Launches London Hub to Expand Global Capital Market Coverage

1 week 22 hours ago
London, June 23, 2015—IFC, a member of the World Bank Group, yesterday opened an IFC treasury hub in the city of London that will expand IFC's capital market activities in Africa, Europe, and the Middle East. IFC treasury provides core treasury services to the institution; raises capital f

IFC soutient la filière de l’huile d’olive en Tunisie

1 week 1 day ago
Tunis, Tunisie, le 23 juin 2015 — IFC, un membre du Groupe de la Banque mondiale, a accordé un prêt de 26 millions de dollars à l’un des fleurons tunisiens de la filière huile d’olive. Ce financement entre dans le cadre du plan de soutien d’IFC pour stimuler la croissance économique dans les p

IFC Launches Bond Program to Expand Turkish Lira Financing for the Private Sector

1 week 1 day ago
London, June 22, 2015—IFC, a member of the World Bank Group, introduced an innovative financial instrument to expand the availability of Turkish lira financing, becoming the first multilateral institution to issue lira-denominated discount notes. IFC issued an inaugural tranche of discount

IFC Supports Agrivision Africa’s Plan to Revitalize Grain Production in Zambia

1 week 1 day ago
Lusaka, Zambia, June 19, 2015—IFC, a member of the World Bank Group, today announced the financing of Agrivision Africa to help the company expand its grain production to become a market leader in Zambia, and eventually outside its home market. Agrivision is an investee company of the Johannes

Powering Guinea: The World Bank Group Supports Improved Energy Supply and Electricity Services

1 week 2 days ago
CONAKRY, June 19, 2015—The Government of Guinea is signing a management contract today with the Veolia Africa-Seureca consortium, which combines two experienced utilities management firms, to enhance the management, operation, and commercial viability of the electricity sector. Funded by t

IFC Supports Myanmar’s Business Regulatory Reforms to Improve Investment Climate

1 week 2 days ago
Nay Pyi Taw, Myanmar, June 19, 2015—IFC, a member of the World Bank Group, today signed a memorandum of understanding with Myanmar’s Ministry of Commerce outlining the support IFC will provide to improve the country’s investment climate through policy and regulatory reforms. These reforms will

IFC and NLB Loans Strengthen FYR Macedonia’s Banking Sector to Boost Economy

1 week 3 days ago
Skopje, FYR Macedonia, June 18, 2015 — IFC, a member of the World Bank Group, is providing a €10 million loan to NLB Tutunska banka, FYR Macedonia’s third largest bank, to encourage its growth and strengthen the country’s banking sector. NLB Ljubljana, the parent bank of NLB Tutunska banka, is

IFC Invests $35 million in PFS to Boost Renewable Energy Financing in India

1 week 5 days ago
New Delhi, India, June 17, 2015—IFC, a member of the World Bank Group, has subscribed to $35 million worth of 10-year non-convertible debentures issued by infrastructure finance company, PTC India Financial Services. The company will use the funds to boost long-term financing for renewable ene

IFC Supports CAMESA’s Inaugural Bond to Boost Microfinance, Capital Markets in Mexico

1 week 6 days ago
Mexico City, June 17, 2015- IFC, a member of the World Bank Group, has provided a guarantee to the first bond issued by Consorcio de Asistencia al Microemprendedor S.A. de C.V. (CAMESA) to support the company’s fundraising towards expanding its lending services to microfinance institutions in

IFC respalda bono inaugural de CAMESA destinado a impulsar mercados de capitales microfinancieros en México

1 week 6 days ago
Ciudad de México, 17 de junio de 2015. IFC, miembro del Grupo Banco Mundial, ha proporcionado una garantía respecto del primer bono emitido por Consorcio de Asistencia al Microemprendedor S.A. de C.V. (CAMESA) con el fin de respaldar las iniciativas de la empresa para captar fondos destinados

IMF News

Myanmar: IMF Concludes 2015 Article IV Consultation Mission

13 hours 3 min ago

Nine Key Questions on Greece

18 hours 8 min ago

IMF Survey: Inclusion, Governance, Fiscal Space Can Help Overcome Fragility

21 hours 3 min ago

How Does Post-Crisis Bank Capital Adequacy Affect Firm Investment?

1 day 15 hours ago
Working Paper No. 15/145

Philippines: Fiscal Transparency Evaluation

1 day 15 hours ago
Country Report No. 15/156

Press Release: IMF Executive Board Concludes 2015 Article IV Consultation with Lebanon

1 day 15 hours ago

The Macroeconomic Relevance of Credit Flows : An Exploration of U.S. Data

1 day 16 hours ago
Working Paper No. 15/143

A New Methodology for Estimating the Output Gap in the United States

1 day 16 hours ago
Working Paper No. 15/144

Systemic Risk : A New Trade-off for Monetary Policy?

1 day 18 hours ago
Working Paper No. 15/142

Fiscal Policy and Long-Term Growth

1 day 18 hours ago
IMF Policy Paper

IMF Survey: Strong and Equitable Growth: Fiscal Policy Can Make a Difference

1 day 18 hours ago

Press Release: Statement at the Conclusion of an IMF Review Mission to Ghana

1 day 19 hours ago

Press Release: Foreign banks’ funding to Emerging Europe continued to decline in late 2014, but trend may be reversing, new report shows

1 day 20 hours ago

Press Release: IMF Executive Board Completes Fourth PSI Review for Uganda and Concludes 2015 Article IV Consultation

2 days 11 hours ago

Press Release: IMF Executive Board Completes Second Review Under the ECF Arrangement for Grenada, and Approves US$2.8 Million Disbursement

2 days 15 hours ago

Oman: Report on the Observance of Standards and Codes (ROSC)—Data Module

2 days 16 hours ago
Country Report No. 15/159

IMF Financial Activities -- Update June 25, 2015

2 days 16 hours ago

Policy Challenges and Opportunities for Armenia in the Context of Regional and Global Economic Shocks, By Masood Ahmed, Director, IMF Middle East and Central Asia Department

2 days 17 hours ago

Press Release: IMF Staff Concludes Visit to Sudan

2 days 19 hours ago

Press Release: Statement by IMF Managing Director Christine Lagarde on Greece

3 days 19 hours ago

Does Easing Monetary Policy Increase Financial Instability?

5 days 13 hours ago
Working Paper No. 15/139

Pakistan: IMF Executive Board Completes Seventh Review under the EFF

5 days 15 hours ago

Press Release: IMF Executive Board Concludes the Sixth Post-Program Monitoring Discussion with Iceland

5 days 19 hours ago

Iceland: Sixth Post-Program Monitoring Discussions—Staff Report

5 days 19 hours ago
Country Report

Press Release: IMF Executive Board Completes First Review of Serbia's Stand-By Arrangement

5 days 20 hours ago

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

5 days 20 hours ago

Republic of Serbia: First Review Under the Stand-By Arrangement—Staff Report

5 days 20 hours ago
Country Report

Balance Sheet Analysis in Fund Surveillance

5 days 20 hours ago
IMF Policy Paper

Podcast: Keeping the Glass Full in Burkina Faso

5 days 21 hours ago

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

5 days 21 hours ago

Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund And Siddharth Tiwari, Director, Strategy, Policy, and Review Department

6 days 11 hours ago

What Really Drives Public Debt: A Holistic Approach

6 days 15 hours ago
Working Paper No. 15/137

The Journey to Inflation Targeting: Easier Said than Done The Case for Transitional Arrangements along the Road

6 days 16 hours ago
Working Paper No. 15/136

IMF Survey: IMF Work Agenda Aims to Lift Global Growth, Address New Risks

6 days 20 hours ago

Lower for Longer: Neutral Rates in the United States

6 days 20 hours ago
Working Paper No. 15/135

Avoiding Dark Corners: A Robust Monetary Policy

6 days 20 hours ago
Working Paper No. 15/134

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, June 3, 2015

6 days 20 hours ago
IMF Policy Paper

IMF Survey: IMF Extends Support for Senegal’s Plan to Be Emerging Economy

6 days 21 hours ago

Global Food Prices and Domestic Inflation : Some Cross-Country Evidence

1 week 15 hours ago
Working Paper No. 15/133

Press Release: IMF Mission Reaches Staff-Level Agreement with Jordan on the Seventh and Final Review under the SBA

1 week 15 hours ago

Inflation-Forecast Targeting: Applying the Principle of Transparency

1 week 17 hours ago
Working Paper No. 15/132

Haiti: 2015 Staff Report for the Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility—Staff Report

1 week 18 hours ago
Country Report

Haiti: Selected Issues

1 week 18 hours ago
Country Report

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

1 week 18 hours ago

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

1 week 21 hours ago

IMF Video: Video Remarks by IMF Managing Director Christine Lagarde at "WE 2015: A Global Dialogue on Closing the Gender Gap"

1 week 21 hours ago

Israel: Concluding Statement of the 2015 Article IV Consultation

1 week 21 hours ago

Australia: Concluding Statement of the 2015 Article IV Mission

1 week 1 day ago

The Leap of the Tiger: How Malaysia Can Escape the Middle-Income Trap

1 week 1 day ago
Working Paper No. 15/131

Unveiling the Effects of Foreign Exchange Intervention : A Panel Approach

1 week 1 day ago
Working Paper No. 15/130

IMF Survey: Cyprus Steps Towards Sustainable Growth

1 week 1 day ago

Monetary Policy in India: Transmission to Bank Interest Rates

1 week 1 day ago
Working Paper No. 15/129

Seychelles: IMF Executive Board Concludes 2015 Article IV Consultation

1 week 1 day ago

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

1 week 1 day ago

Cyprus: Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility; Request for Waiver of Nonobservance of a Performance Criterion; and Rephasing of Access—Staff Report

1 week 1 day ago
Country Report

South Africa: Concluding Statement of an IMF Staff Visit

1 week 1 day ago

Press Release: IMF and the Central African Republic Reach Staff-level Agreement on Financial Assistance under the Rapid Credit Facility

1 week 2 days ago

Press Release: IMF’s East AFRITAC and the East African Community Strengthen Officials’ Capacity to Produce Better Public Debt Statistics

1 week 2 days ago

Ireland: IMF Executive Board Concludes Third Post-Program Monitoring Discussions

1 week 2 days ago

Press Release: IMF Staff Completes 2015 Article IV Mission to The Gambia

1 week 2 days ago

Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More Than Fundamentals

1 week 2 days ago
Working Paper No. 15/127

IMF Concludes 2015 Article IV and First Post Program Monitoring Mission to St. Kitts and Nevis

1 week 2 days ago

Press Release: IMF Staff Completes Review Mission to the Union of the Comoros

1 week 2 days ago

IMF Financial Activities -- Update June 18, 2015

1 week 2 days ago

Ireland: Third Post-Program Monitoring Discussions—Press Release; and Staff Report

1 week 2 days ago
Country Report

Pension Reforms in Mauritius : Fair and Fast—Balancing Social Protection and Fiscal Sustainability

1 week 5 days ago
Working Paper No. 15/126

Press Release: IMF Completes Fifth, Sixth, and Seventh Reviews of Cyprus’ EFF and Approves €278.4 Million Disbursement

1 week 5 days ago

Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific

1 week 5 days ago
Working Paper No. 15/125

Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States

1 week 5 days ago
Working Paper No. 15/124

Experiences with Macroprudential Policy—Five Case Studies

1 week 5 days ago
Working Paper No. 15/123

Statement by IMF Managing Director Christine Lagarde on Ukraine

1 week 5 days ago

Closing Efficiency Gaps Means Big Gains for Public Investment

1 week 5 days ago
IMF Survey

Making Public Investment More Efficient

1 week 5 days ago
IMF Policy Paper

Press Release: IMF Staff Completes 2015 Article IV Mission to Ethiopia

1 week 5 days ago

Press Release: Statement by IMF Managing Director Christine Lagarde at the conclusion of her visit to Luxembourg

1 week 5 days ago

Press Release: IMF, Fiji to Co-host a High-Level Dialogue to Discuss Resilience to Natural Disasters in the Pacific Islands

1 week 6 days ago

2015 Article IV Consultation with the Euro Area Concluding Statement of IMF Mission

1 week 6 days ago

IMF Research Bulletin, June 2015

1 week 6 days ago

Press Release: Statement at the End of an IMF Mission to the West Bank and Gaza

1 week 6 days ago

Podcast: Inequality's Toll on Growth

1 week 6 days ago

Press Release: IMF Staff Completes 2015 Article IV Mission to Somalia

1 week 6 days ago

Precautionary and Liquidity Line - Operational Guidance Note

1 week 6 days ago
IMF Policy Paper

Flexible Credit Line--Operational Guidance Note

1 week 6 days ago
IMF Policy Paper

OECD News - Corruption

Government at a Glance

0 sec ago
Government at a Glance provides a dashboard of key indicators to help you analyse international comparisons of public sector performance.

Launch of the OECD Business and Finance Outlook

1 week 1 day ago
The first edition of this new flagship publication will be launched in Paris on 24 June 2015. It looks at the way in which companies, banks, institutional investors and shadow banking intermediaries are operating in the low growth and low interest rate environment and the build-up of risks in the financial system.

OECD encouraged by Israel’s recent investigative activity, but remains seriously concerned with overall efforts to enforce foreign bribery laws

1 week 2 days ago
Israel is not sufficiently proactive in detecting and investigating foreign bribery, with no prosecutions over the past 7 years, despite 14 allegations of foreign bribery involving Israeli individuals or companies. The OECD Working Group on Bribery is, however, encouraged by the recently-opened investigations, and will pay close attention to how these evolve.

OECD Working Group on Bribery report on Israel launches Wednesday 24 June 2015

1 week 2 days ago
The OECD Working Group on Bribery will release a review of Israel’s efforts to fight foreign bribery on Wednesday 24 June 2015 at 11.00 CET.

OECD News - Development

Aid for Trade at a Glance 2015: Reducing trade costs for inclusive, sustainable growth

2 days 12 min ago
The 2015 joint OECD/WTO publication Aid for Trade at a Glance focusses on how reducing trade costs will help in achieving inclusive and sustainable economic growth.

Fostering investment in infrastructure

1 week 1 day ago
Adequate infrastructure is necessary for sustainable economic and social development. However investment in infrastructure in most developing and emerging economies needs to be substantially increased. This paper draws on 22 OECD Investment Policy Reviews undertaken in such economies and identifies policy options to enhance the enabling environment for infrastructure investment.

New Zealand - DAC Peer Review of Development Co-operation

1 week 3 days ago
While New Zealand is a comparatively small donor, it boasts an internationally-recognised aid programme with specific understanding of the unique Pacific context. It is seen as a flexible and predictable humanitarian donor.

OECD News - Economy

Consumer Prices, OECD - Updated: 2 July 2015

0 sec ago
OECD annual inflation up to 0.6% in May 2015

Global dialogue on the future of productivity: Towards an OECD productivity network

6 days 4 hours ago
Luis Videgaray, Mexico’s Minister of Finance and Angel Gurría, OECD Secretary-General will co-host this event in Mexico City on 6-7 July 2015, with a welcoming by the President of Mexico. Participants will share their views on the key factors that will influence future productivity growth and the creation of an OECD Productivity Network.

Low interest rates threaten solvency of pension funds and insurers

1 week 1 day ago
The current low interest rate environment poses a significant risk for the long-term financial viability of pension funds and insurance companies, as they seek to generate sufficient returns to meet promises, according to a new OECD report.

OECD News - Finance

China signs cooperation agreements with OECD and joins OECD Development Centre

1 day 1 hour ago
In a historic visit by Chinese Premier Li Keqiang to the OECD in Paris, the People’s Republic of China today decided to enhance longstanding collaboration with the OECD and to join the OECD Development Centre.

Launch of the OECD Business and Finance Outlook

1 week 1 day ago
The first edition of this new flagship publication will be launched in Paris on 24 June 2015. It looks at the way in which companies, banks, institutional investors and shadow banking intermediaries are operating in the low growth and low interest rate environment and the build-up of risks in the financial system.

Low interest rates threaten solvency of pension funds and insurers

1 week 1 day ago
The current low interest rate environment poses a significant risk for the long-term financial viability of pension funds and insurance companies, as they seek to generate sufficient returns to meet promises, according to a new OECD report.

World Trade Organization - News

Lower trade barriers, stronger global trading system can help end extreme poverty

1 day 19 hours ago
A greater and more sustained effort to deepen the integration of developing countries into the global trading system through lower trade costs and fewer barriers between countries is essential to eliminating extreme poverty, according to a joint World Bank Group and World Trade Organization report released today (30 June 2015). “By supporting growth and development around the world, trade has proved to be an essential tool in tackling poverty. This report is a blueprint to enhance this role so that trade can do even more to improve the lives of the poorest and most vulnerable,” said Director-General Roberto Azevêdo.

Sweden donates SEK 40 million to support food safety, animal/plant health standards

1 day 19 hours ago
The Swedish International Development Cooperation Agency (Sida) is contributing SEK 40 million (CHF 4,544,519) to the Standards and Trade Development Facility (STDF) over the next four years (2015-2018). The facility aims to help developing countries comply with international food safety, animal and plant health standards and gain access to markets.

Launch of joint WTO-World Bank report: ‘The Role of Trade in Ending Poverty’

1 day 19 hours ago

Aid for Trade Fifth Global Review: Opening plenary session

1 day 19 hours ago

Agency heads cite importance of reducing trade costs to support growth and development

1 day 19 hours ago
Reducing trade costs through initiatives such as the WTO’s Trade Facilitation Agreement (TFA) will go a long way towards helping businesses and consumers in poorer countries reap the benefits of the global trading system, the heads of major international agencies agreed on 30 June at the Fifth Global Review of Aid for Trade.

Global Review of Aid for Trade kicks off on 30 June

2 days 19 hours ago
The Fifth Global Review of Aid for Trade gets under way at the WTO’s headquarters on 30 June 2015. The three-day event will bring together over 1,000 participants from around the world to review actions being taken to reduce trade costs so that developing countries, and in particular least-developed countries, can participate more effectively in global trade.

Behind good trade policies is good research—Azevêdo

2 days 19 hours ago
Director-General Roberto Azevêdo, in opening the fourth annual WTO/World Bank/IMF Trade Workshop at the WTO headquarters on 29 June, said “our three organizations are dedicated to creating a strong and more stable global economy so that people around the world can live better lives. We can’t do any of that without the research, the ideas and the evidence you provide”.

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

2 days 19 hours ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 29 June 2015, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.

WTO members consult with Ecuador on its import surcharges imposed on balance-of-payments grounds

2 days 19 hours ago
WTO members consulted with Ecuador on the temporary import surcharges recently adopted by Ecuador for balance-of-payments reasons, in a meeting of the Committee on Balance-of-Payments Restrictions on 29 and 30 June 2015. The Committee will resume its consultations in September.

Trade Policy Review: New Zealand

2 days 22 hours ago
The fifth review of the trade policies and practices of New Zealand takes place on 29 June and 1 July 2015. The basis for the review is a report by the WTO Secretariat and a report by the Government of New Zealand.

Concerns raised over Pakistan’s tax rates on imports

5 days 19 hours ago
At the Council for Trade in Goods meeting on 26 June, the European Union and the United States expressed concern about what they said are discriminatory tax rates by Pakistan on imported goods. Several members reiterated concerns made at previous meetings about trade measures by Ecuador, Nigeria, Indonesia and the Russian Federation.

Azevêdo: ITC is a valued partner of the multilateral trading system

5 days 19 hours ago
In a speech to the International Trade Centre (ITC) Joint Advisory Group on 26 June 2015, Director-General Roberto Azevêdo said that the WTO shares with the ITC — and the UN Conference on Trade and Development — “the responsibility to ensure that trade continues to play its full role in the development agenda, and in continuing to improve the lives of people around the world, in a very concrete and practical manner”.

France donates EUR 50,000 to support food safety, animal/plant health standards

5 days 19 hours ago
The government of France is donating EUR 50,000 (CHF 51,700) to the Standards and Trade Development Facility for 2015. The objective of this facility is to help developing countries and least-developed countries establish and implement sanitary and phytosanitary standards in the areas of food safety, animal health and plant health and expand their ability to gain or maintain access to international markets.

WTO issues panel report on Ukraine’s safeguards on cars

5 days 20 hours ago
On 26 June 2015, the WTO issued the panel report in the case brought by Japan regarding “Ukraine — Definitive safeguard measures on certain passenger cars” (DS468)

FANs push transparency, due process, but members reluctant to engage in rules negotiations

6 days 19 hours ago
The group of WTO members known as the FANs — Friends of Anti-dumping Negotiations – made their case on 25 June for establishing new disciplines on transparency and due process in anti-dumping proceedings, but a number of delegations once again said they were not prepared to engage in discussions on reform of WTO anti-dumping rules barring progress on the “core” Doha Round issues of agriculture, non-agricultural market access (NAMA), and services.

World trade registers modest growth in first quarter of 2015

1 week 19 hours ago
The volume of world merchandise trade increased modestly in the first quarter of 2015, with growth in both exports and imports registering slower growth than over the previous six months. According to preliminary estimates issued on 24 June by the WTO and the United Nations Conference on Trade and Development (UNCTAD), world trade as measured by the average of exports and imports grew 0.7 per cent in the first three months of 2015, based on seasonally adjusted data.

Services negotiators express ideas on how to shape post-Bali work programme

1 week 1 day ago
Most WTO members attending an informal meeting of the Trade in Services Council on 23 June 2015 expressed ideas on how to frame the services part of the post-Bali work programme. Some delegations reiterated that services negotiations would have to wait for progress in agriculture and industrial goods.

Azevêdo welcomes Working Party adoption of Kazakhstan’s WTO accession package

1 week 1 day ago
WTO Director-General Roberto Azevêdo met today (23 June) with Kazakhstan’s Minister for Economic Integration, Mrs Zhanar Aitzhanova, following the adoption by consensus, ad referendum, of Kazakhstan’s WTO accession package. He congratulated the Minister and welcomed this important step which took place at a final Working Party meeting on 22 June. The Working Party will now forward the Accession Package to the General Council for formal adoption by all 161 WTO members.

Trade Policy Review: Chile

1 week 1 day ago
The fifth review of the trade policies and practices of Chile takes place on 23 and 25 June 2015. The basis for the review is a report by the WTO Secretariat and a report by the Government of Chile.

WTO opens online registration for 2015 Public Forum

1 week 2 days ago
Online registration for the 2015 Public Forum, to be held at the WTO’s headquarters in Geneva from 30 September to 2 October, is now open. This year’s Forum, entitled “Trade Works”, will examine the contribution that 20 years of global trade cooperation in the WTO has made to the strength and stability of the world economy.

WTO-CITES co-publication marks 20 years of cooperation on sustainable development

1 week 2 days ago
The relationship between the WTO and the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is a leading example of how global trade and environmental regimes can support each other and cooperate successfully to achieve shared goals, says a new publication launched by the WTO and CITES on 22 June 2015. “CITES and the WTO: Enhancing Cooperation for Sustainable Development” was launched by WTO Director-General Roberto Azevêdo and CITES Secretary-General John E. Scanlon at the WTO’s headquarters in Geneva.

WTO considers EU’s trade agreements with Moldova and Georgia

1 week 2 days ago
The Committee on Regional Trade Agreements, on 22 June, concluded its oral discussions of the European Union’s trade agreements with Moldova and Georgia, based on factual presentations by the WTO Secretariat and written questions from WTO members and replies by the parties. Both agreements cover trade in goods and services.

Energy efficiency and illegal logging at centre of discussions in environment committee

1 week 2 days ago
At a meeting of the Committee on Trade and Environment on 22 June 2015, several delegations shared their national experience with energy efficiency policies and the issue of illegal logging. The meeting included active participation from both developed and developing countries, including China.

CITES and the WTO: Enhancing Cooperation for Sustainable Development

1 week 2 days ago

Panel requests rejected in disputes involving EU, Russia and China over energy and poultry

1 week 5 days ago
At a meeting of the Dispute Settlement Body on 19 June, the European Union rejected the requests for a panel submitted by Russia regarding the energy sector, and by China regarding the tariff treatment of poultry products.

Secretariat issues report on members’ quantitative restrictions

1 week 5 days ago
Twenty-seven members have notified to the WTO a total of 731 quantitative restrictions (QRs) on imports and exports, with most of the restrictions taking the form of import/export bans and non-automatic licensing procedures, according to a report prepared by the WTO secretariat.

Members adopt report on Ukraine’s import surcharge imposed for balance-of-payments reasons

1 week 5 days ago
WTO members adopted the report on Ukraine’s import surcharge imposed for balance-of-payments reasons, in a meeting of the Committee on Balance-of-Payments Restrictions on 19 June 2015. Reflecting the views expressed during the consultations since consensus among WTO members could not be reached, the report will be submitted to the WTO General Council for consideration in July.

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

1 week 5 days ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 19 June 2015, 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”.

Botswana ratifies Trade Facilitation Agreement

1 week 6 days ago
Botswana has become the eighth WTO member to ratify the new Trade Facilitation Agreement (TFA). The WTO Secretariat received the country’s instrument of acceptance on 18 June.

WTO announces agenda for Fifth Global Review of Aid for Trade

1 week 6 days ago
The WTO announced on 18 June 2015 the agenda for the Fifth Global Review of Aid for Trade to be held at the WTO from 30 June to 2 July. This year’s event, entitled “Reducing Trade Costs for Inclusive, Sustainable Growth”, will focus on how trade costs affect developing countries’ competitiveness and their ability to connect to regional and global value chains.

Canada’s request to suspend concessions in “US — COOL” dispute goes to arbitration

2 weeks 19 hours ago
The Dispute Settlement Body (DSB) at its meeting on 17 June considered Canada’s request for authorisation to suspend concessions to the United States in the “US — COOL” dispute. In light of the US objection to Canada’s “excessive” request, the matter is now referred to arbitration.

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

2 weeks 19 hours ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 17 June 2015, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.

DG Azevêdo tells members it is “decision time” on the Doha work programme

2 weeks 19 hours ago
Director-General Roberto Azevêdo convened a meeting of all WTO members in Geneva today (17 June) to report on the current state of play in negotiations on the work programme to advance the remaining issues of the Doha Development Agenda. He reported in detail on the consultations which have been held since the last meeting of all members on 1 June, taking in the G7 meeting in Germany, an informal ministerial meeting in Paris, meetings convened by the Director-General himself on specific issues, and meetings convened by delegations to which he was invited to attend.

Founded in 2000, the Parliamentary Network is an independent, non-governmental organization that provides a platform for Parliamentarians from over 140 countries to advocate for increased accountability and transparency in development cooperation. Jeremy Lefroy is the current Chair of the Parliamentary Network.

 

The Network – via its international secretariat, regional chapters and country chapters – reaches over 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.
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