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IFC Press Releases

El Proyecto de Mejora del Clima de Negocios Turísticos en Cusco, Perú, logra sus primeros resultados

1 day 10 min ago
Lima, Perú, 19 de noviembre de 2014. El Proyecto de Mejora del Clima de Negocios Turísticos en Cusco ha logrado reducir el tiempo y costo de los trámites requeridos para abrir y operar negocios, dándole así un fuerte impulso al sector turismo que es clave para la economía de la región.   E

IFC, Bank al Etihad Support Women Entrepreneurs in Jordan

1 day 10 min ago
Amman, Jordan, November 19, 2014—IFC, a member of the World Bank Group, is helping a leading bank in Jordan extend banking services to more women in the country, as part of efforts to boost access to finance for women-owned firms and stimulate economic growth. IFC is helping Bank al Etiha

Municipalidades en zonas extractivas en Perú reorientan S./3,981 millones a proyectos que atienden necesidades básicas de las poblaciones

1 day 10 min ago
Lima, 20 de noviembre de 2014.- La Corporación Financiera Internacional (IFC), miembro del Grupo Banco Mundial presentó hoy los resultados de cuatro años del Programa Canon, una iniciativa apoyada por el Gobierno de Canadá que ha brindado asistencia  técnica a 30 municipalidades de 8 regiones

Rooftop Solar Technology Will Reduce Energy Poverty in Developing Countries: IFC White Paper

1 day 10 min ago
Mumbai, India, November 19, 2014—IFC, a member of the World Bank Group, in partnership with the Norwegian Trust Fund for Private Sector and Infrastructure, today launched a white paper highlighting how developing countries can help meet growing energy demands with environmentally-friendly, g

FT and IFC launch second Transformational Business Awards

1 day 10 min ago
LONDON: 18 November 2014: The Financial Times and IFC, a member of the World Bank Group, today launched the 2015 edition of the Transformational Business Awards, a major global programme that highlights ground-breaking, long-term private sector solutions to today’s development challenges.

مؤسسة التمويل الدولية وبنك الاتحاد يدعمان سيدات الأعمال في الأردن

1 day 2 hours ago
عمان، الأردن، 19 نوفمبر/ تشرين الثاني 2014- تساهم مؤسسة التمويل الدولية، عضو مجموعة البنك الدولي، في مساعدة أحد البنوك الرائدة في الأردن على تقديم الخدمات المصرفية إلى السيدات، من أجل تحسين فرص حصولهن على التمويل وتعزيز النمو الاقتصادي بالمملكة. وقد ساعد برنامج الخدمات الإستشارية بالمؤسس

IFC Helps FINCA Expand Lending to Smaller Businesses in Armenia, Supporting Growth and Job Creation

1 day 4 hours ago
Yerevan, Armenia, November 18, 2014—IFC, a member of the World Bank Group, is providing a $3 million loan to FINCA UCO, a leading microfinance institution in Armenia, to increase access to finance for micro and small businesses, helping them grow, create jobs, and promote shared prosperity.

IFC emite el bono Irazú para apoyar el desarrollo de los mercados de capital en Costa Rica

2 days 2 hours ago
Ciudad de Washington, 18 de noviembre de 2014. La Corporación Financiera Internacional (IFC), miembro del Grupo Banco Mundial, es la primera institución en emitir un bono con calificación AAA en los mercados nacionales de Costa Rica, con lo cual movilizó 5000 millones de colones costarricenses

IFC Issues Irazú Bond to Support Capital Market Development in Costa Rica

2 days 6 hours ago
Washington, D.C., November 18, 2014--IFC, a member of the World Bank Group, became the first institution to issue a triple-A rated bond in Costa Rica's domestic markets, raising 5,000 million colones, or approximately $10 million, for private sector investment in emerging markets, including in

IFC Supports Central Bank of Myanmar to Develop Credit Reporting System and Expand Access to Finance for Businesses

2 days 7 hours ago
Yangon, Myanmar, November 14, 2014—IFC, a member of the World Bank Group, is providing support to  the Central Bank of Myanmar in the development of  a credit reporting enabling environment, which will improve access to credit for individuals, microentrepreneurs as well as small and medium ent

World Bank Group Launches New Regional Partnership Strategy for the Eastern Caribbean

2 days 19 hours ago
WASHINGTON, November 13, 2014 – The World Bank Group’s (WBG) Board of Executive Directors endorsed today the new Regional Partnership Strategy (RPS) for the Organization of Eastern Caribbean States (OECS) for the period 2015-2019, focused on creating the conditions for sustainable and inclusiv

World Bank Group Supports Egypt’s Investment Climate and Competitiveness

2 days 23 hours ago
Cairo, November 12, 2014 - The World Bank Group’s Senior Director of the Trade and Competitiveness Global Practice, Anabel Gonzalez, begins a two-day visit to Egypt today to discuss with the Egyptian government support to the country’s investment climate and competitiveness. Ms. Gonzalez i

مسؤول التجارة والتنافسية بمجموعة البنك الدولي تزور مصر لتحسين مناخ الإستثمار تعزيز التنافسية

3 days 12 hours ago
القاهرة، 12 نوفمبر/ تشرين الثاني 2014- تبدأ اليوم، أنابيل جونزاليز، مسؤول إدارة الممارسات العالمية للتجارة والتنافسية بمجموعة البنك الدولي، زيارة إلى مصر تستغرق يومين، وذلك لبحث سبل تحسين مناخ الاستثمار وتعزيز التنافسية مع الحكومة المصرية. ومن المقرر أن تعقد جونزاليز عدة اجتماعات مع عدد

IFC Issues First Masala Bonds in London, Attracting International Investment for Infrastructure in India

1 week 9 hours ago
Washington, D.C., November 10, 2014—IFC, a member of the World Bank, issued a 10-year, 10 billion Indian rupee bond (equivalent to $163 million) to increase foreign investment in India, mobilizing international capital markets to support infrastructure development in the country. The “Masa

L’IFC nomme un nouveau représentant résident en Haïti

1 week 23 hours ago
Washington, 10 novembre 2014 — L’IFC, une institution du Groupe de la Banque mondiale, annonce la nomination de Sylvain Kakou au poste de représentant résident en Haïti. À compter du 1er novembre, M. Kakou, qui sera basé à Port-au-Prince, aura la charge de coordonner le programme d’investissem

IFC Names New Resident Representative for Haiti

1 week 2 days ago
Washington, DC, November 10, 2014—IFC, a member of the World Bank Group, announces the appointment of Sylvain Kakou as Resident Representative for Haiti. Effective November 1st, Kakou is responsible for coordinating IFC’s program of investments and advisory services in Haiti. He will be based

South Asia Modernizing its Business Environment, World Bank Group Report Finds

1 week 2 days ago
Washington, D.C., October 29, 2014—A new World Bank Group report finds that four of eight economies in South Asia implemented at least one regulatory reform making it easier for local entrepreneurs to do business in 2013/14. Three countries—Bangladesh, Nepal, and Pakistan—focused their efforts

Amid Geopolitical Instability, the Middle East and North Africa Continues Regulatory Reform, Yet Challenges Persist

1 week 2 days ago
Washington, D.C., October 29, 2014—A new World Bank Group report finds that amid unrest in the Middle East and North Africa, local entrepreneurs faced challenging circumstances in the past year. While several economies improved the business environment for local firms—such as the United Arab E

新興市場におけるインクルーシブ・ビジネスを支援するため 初の『インクルーシブ・ビジネス・ボンド』を発行・販売

1 week 2 days ago
ワシントンDC/東京、2014年10月29日--ワシントンDC世界銀行グループの一機関であるIFC(国際金融公社)は、IFCがインクルーシブ・ビジネス・モデルと 呼んでいる経済ピラミッドの下層部(Base of the Economic Pyramid)で生活するBOP層の人々に、商品・サービス、経済的な機会を提供するビ ジネスを支援するため、初めての『45億人のビジネスを支援する インクルーシブ・ビジネス・ボンド』を発行しました。 今回の発行により2億6,000万ブラジル・レアル(約112億円相当)の資金を調達しました。この資金は、途上国の低所得者層をバリューチェーンに組み込み、

Challenges Persist for Local Entrepreneurs, Despite India's Efforts to make Reform Improvements, Finds World Bank Group Report

1 week 2 days ago
New Delhi, October 29, 2014—A new World Bank Group report finds that India is among the 20 economies worldwide improving the quality of their business regulatory environment the most in the past year. India implemented regulatory reforms in three areas measured by the report, yet challenges pe

IFC Helps Improve Access to Finance for Small and Women-Led Enterprises in the Philippines

1 week 4 days ago
Manila, the Philippines, November 6, 2014—IFC, a member of the World Bank Group, has approved a medium-term loan of up to $30 million (126 million Philippine pesos) to the Rizal Commercial Banking Corp. to increase its financing of small and medium enterprises, including women-led businesses.

Capital Markets Key to Romania’s Sustained Growth: World Bank Experts

1 week 4 days ago
BUCHAREST, November 6, 2014 — Romania needs to develop deeper and more liquid financial markets in order to sustain economic growth, according to World Bank Group experts at a capital markets conference in Bucharest today. The conference was co-hosted by the World Bank Group and Romania’s F

IMF News

El Salvador: Statement at the Conclusion of an IMF Visit

1 hour 21 min ago

Ireland: Concluding Statement of the Second Post-Program Monitoring Discussion

3 hours 25 min ago

Ghana: IMF Staff Concludes Mission

5 hours 5 min ago

Vertical Fiscal Imbalances and the Accumulation of Government Debt

7 hours 18 min ago
Working Paper No. 14/209

Maldives: IMF Staff Concludes 2014 Article IV Mission

1 day 6 hours ago

Serbia: IMF Mission Reaches Staff-Level Agreement on a Precautionary Stand-By Arrangement

1 day 6 hours ago

IMF Policy Paper: Safeguards Assessments - 2014 Update

1 day 8 hours ago

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

1 day 22 hours ago

Republic of Congo: IMF Staff Concludes Visit

1 day 23 hours ago

IMF Survey: Mexico's Economy Shows Steady Growth Fueled by Key Reforms

2 days 18 min ago

IMF Survey: More Efficient Public Investment a Mideast, Central Asia Priority

2 days 19 min ago

The Transmission of Liquidity Shocks: The Role of Internal Capital Markets and Bank Funding Strategies

2 days 22 min ago
Working Paper No. 14/207

Does conditionality in IMF-supported programs promote revenue reform?

2 days 1 hour ago
Working Paper No. 14/206

Tajikistan: IMF Staff Concludes 2014 Article IV Mission

2 days 3 hours ago

Podcast: Data Drives Better Decisions

2 days 5 hours ago
by Christine Lagarde: Managing Director, IMF and Louis Marc Ducharme: Director, Statistics Department, IMF

Haiti: IMF Staff Concludes Visit

2 days 23 hours ago

Transcript: Conference Call on the IMF Board's Completion of the Fifth Review under the SBA with Jordan

3 days 26 min ago

Speech: The Second IMF Statistical Forum—Statistics for Policymaking by Christine Lagarde, Managing Director, IMF

3 days 4 hours ago

IMF Launches the Special Data Dissemination Standard Plus

3 days 7 hours ago

Morocco: IMF Staff Conduct 2014 Article IV Consultations, First Review of the Precautionary and Liquidity Line

4 days 27 min ago

Banks Firmly Behind Ukraine Financial Sector Reform Program at Vienna Initiative Forum

4 days 7 hours ago

Group of Twenty IMF Note -- G20 Leaders' Summit -- IMF Note on Global Prospects and Policy Challenges

4 days 8 hours ago

IMF Managing Director Welcomes G20 Growth Strategies, Says Implementation Critical

5 days 15 hours ago

IMF Managing Director Welcomes China's Subscription to the SDDS

6 days 13 hours ago

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

1 week 19 min ago

Jamaica: IMF Staff Concludes Review Mission

1 week 3 hours ago

Kenya: IMF Staff Concludes Mission

1 week 1 day ago

Transcript: Conference Call on the 2014 Article IV Consultation With Mexico

1 week 1 day ago

Making the Most of Public Investment in Middle Eastern and Central Asian Oil-Exporting Countries

1 week 1 day ago
Staff Discussion Notes No. 14/10

Dominican Republic: IMF Staff Concludes Visit

1 week 1 day ago

Joint Seminar on Basel II, Basel III, and Macro-Prudential Approach to Bank Supervision

1 week 1 day ago

Federated States of Micronesia: Begins Participation in the IMF’s General Data Dissemination System

1 week 1 day ago

Podcast: Income Inequality Is Destabilizing, by Jose Antonio Ocampo, Columbia University professor

1 week 1 day ago
Podcast

Statement by the Heads of the Multilateral Development Banks and the IMF on Infrastructure

1 week 1 day ago

IMF Financial Transactions Plan -- Quarterly Report, April 1, 2014 - June 30, 2014

1 week 2 days ago

Mexico: IMF Executive Board Concludes 2014 Article IV Consultation

1 week 2 days ago

Mexico: 2014 Article IV Consultation—Staff Report

1 week 2 days ago
Country Report

Mexico: Selected Issues Paper

1 week 2 days ago
Country Report

Fiscal Multipliers: Size, Determinants, and Use in Macroeconomic Projections

1 week 2 days ago
Technical Notes and Manuals No. 14/4

Republic of Croatia: Statement at the Conclusion of an IMF Staff Visit

1 week 2 days ago

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

1 week 2 days ago
Country Report No. 14/321

Republic of Fiji: IMF Executive Board Concludes 2014 Article IV Consultation

1 week 2 days ago

Kyrgyz Republic: Statement at the Conclusion of an IMF Mission

1 week 2 days ago

Republic of Croatia: Statement at the Conclusion of an IMF Staff Visit

1 week 2 days ago

Malawi: IMF Staff Concludes Review Mission

1 week 3 days ago

Jordan: IMF Executive Board Completes the Fifth Review Under the Stand-By Arrangement

1 week 3 days ago

Madagascar: IMF Staff Concludes 2014 Article IV Mission

1 week 3 days ago

The Former Yugoslav Republic of Macedonia: Concluding Statement of the Fourth Post-Program Monitoring Mission

1 week 3 days ago

Costa Rica: Concluding Statement of the 2014 Article IV mission

1 week 3 days ago

Pakistan: Statement at the end of an IMF Staff Mission

1 week 6 days ago

IMF Video: Second IMF Statistical Forum, November 18-19, 2014

1 week 6 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.

Public consultation on Phase 4 monitoring of the Anti-Bribery Convention

2 weeks 2 days ago
The WGB invites public comments on the next phase of country monitoring under the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the Anti-Bribery Convention).

Public consultation on Phase 4 monitoring of the OECD Anti-Bribery Convention

2 weeks 2 days ago
The OECD Working Group on Bribery is inviting public comments on the next phase of country monitoring under the OECD Anti-Bribery Convention. The deadline for comment is 1 December 2014.

Public consultation on Phase 4 monitoring of the Anti-Bribery Convention

2 weeks 2 days ago
The WGB invites public comments on the next phase of country monitoring under the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the Anti-Bribery Convention).

Webinar – Best Practices in Green Public Procurement

2 weeks 3 days 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

3 weeks 2 days 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

3 weeks 2 days 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 weeks 3 days 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 weeks 3 days 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

4 weeks 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

4 weeks 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

PCD and the Sustainable Development Goals

1 week 1 day ago
How to define, monitor and assess policy coherence for sustainable development in the Post-2015 Agenda.

Emerging Asia to see healthy medium-term growth but institutional reforms will be critical for future, says the OECD Development Centre

1 week 2 days ago
While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.

Developing countries to play greater role in OECD/G20 efforts to curb corporate tax avoidance

1 week 2 days ago
The OECD released today its new Strategy for Deepening Developing Country Engagement in the Base Erosion and Profit Shifting (BEPS) Project, which will strengthen their involvement in the decision-making processes and bring them to the heart of the technical work.

Southeast Asia should switch to a greener growth model, OECD says

1 week 3 days ago
Southeast Asia’s over-reliance on natural resources like oil, gas, minerals and wood for economic growth is unsustainable over the long term and is causing environmental damage that will hurt future prosperity if left unchecked, according to a new OECD report.

OECD News - Economy

Better harnessing talent and knowledge to boost sustainable medium-term growth in Spain

0 sec ago
Structural transformation towards a more knowledge-based economy will strengthen Spain’s medium-term growth prospects. To deal with long standing impediments to higher growth the government has a substantial structural reform programme touching on education, the labour market and the business environment.

Angel Gurría congratulates new Indonesian President for cutting fuel subsidies

2 days 10 hours ago
Angel Gurría, Secretary-General of the OECD congratulated the newly elected President of Indonesia, Joko Widodo, for taking a bold first step in his economic reform agenda by substantially cutting fuel subsidies.

Reforms poised to put India on a strong, sustainable and inclusive growth path, OECD says

2 days 16 hours ago
The Indian economy is showing signs of a turnaround, but new reforms are needed to put the country on a path to strong, sustainable and inclusive growth, according to the latest OECD Economic Survey of India.

Moving towards a more dynamic business sector in Spain

3 days 13 hours ago
Policy efforts to revitalise entrepreneurship and investment in Spain are key to generating growth and new jobs. The government has a substantial reform program to make it easier to do business in Spain, which should in some cases be deepened. Boosting economic growth requires a new generation of high-growth companies and that resources flow towards the most productive firms.

The internet economy – regulatory challenges and practices

3 days 13 hours ago
Designing policies that protect society while allowing for Internet’s great economic potential to be fulfilled, is a difficult task. This paper investigates this challenge and takes stock of existing regulations in OECD and selected non-OECD countries in specific areas related to the digital economy.

G20: OECD to help monitor growth and gender commitments

5 days 9 hours ago
Leaders of the G20 countries meeting at their Summit in Brisbane, Australia, have called on the OECD and IMF to monitor their commitment to boost economic growth and create jobs.

The global economy: strengthening growth and job creation - Statement at G20 Leader's Summit

6 days 10 hours ago
Statement made by the Secretary-General during session 1 of the Leader's Summit in Brisbane.

OECD Economic Survey of India launches Wednesday 19 November 2014

1 week 6 hours ago
The OECD’s latest Economic Survey of India, to be published on Wednesday 19 November 2014, assesses the country’s recent economic performance as well as the actions needed to ensure it remains on a strong, sustainable and inclusive growth path.

OECD Economic Survey of India launches Wednesday 19 November 2014

1 week 6 hours ago
The OECD’s latest Economic Survey of India, to be published on Wednesday 19 November 2014, assesses the country’s recent economic performance as well as the actions needed to ensure it remains on a strong, sustainable and inclusive growth path.

Europe’s deflation risk

1 week 1 day ago
The OECD does not see deflation taking hold in the euro area, but the risk has risen.

Raising global growth: Why the G20 is “going structural”

1 week 1 day ago
G20 countries are taking action to lift growth in the world economy. Will their commitments be enough?

Why reform is the right option

1 week 1 day ago
“Life is full of alternatives but no choice.” G20 leaders at the summit in Brisbane, Australia, in November should reflect on these words by Australian writer Patrick White, a Nobel Laureate, as they prepare their economic strategies for the years to come.

Strengthening Global Growth: The G20 Brisbane Summit’s Challenges and Contributions

1 week 1 day ago
The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.

Emerging Asia to see healthy medium-term growth but institutional reforms will be critical for future, says the OECD Development Centre

1 week 2 days ago
While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.

Composite Leading Indicators (CLI), OECD, November 2014

1 week 2 days ago
Composite leading indicators point to continued weak growth in Europe and to stable growth in most other major economies

Shifting into higher gear and rebuilding the engines of growth

2 weeks 1 day ago
OECD Chief Economist, Catherine Mann, on the global economy at the release of the OECD G20 projections prior to the Brisbane G20 summit, November 2014.

OECD News - Finance

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

0 sec 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

0 sec 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.

Emerging Trends and Challenges in Official Financing - Paris Club Forum

1 day 10 hours ago
Closing remarks made by the OECD Secretary-General during the Paris Club Forum, organised jointly by the Australian Presidency and the Paris Club.

The World Bank - Governance

Trafficking and fragility in West Africa

3 weeks 18 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

3 weeks 18 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

3 weeks 3 days 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 agricultural households farm their way out of poverty ?

2 weeks 1 day ago
This paper examines the determinants of agricultural productivity and its link to poverty using nationally representative data from the Nigeria General Household Survey Panel, 2010/11. The findings indicate an elasticity of poverty reduction with respect to agricultural productivity of between 0.25 to 0.3 percent, implying that a 10 percent increase in agricultural productivity will decrease the likelihood of being poor by between 2.5 and 3 percent. To increase agricultural productivity, land, labor, fertilizer, agricultural advice, and diversification within agriculture are the most important factors. As commonly found in the literature, the results indicate the inverse-land size productivity relationship. More specifically, a 10 percent increase in harvested land size will decrease productivity by 6.6 percent, all else being equal. In a simulation exercise where land quality is assumed to be constant across small and large holdings, the results show that if farms in the top land quintile had half the median yield per hectare of farms in the lowest quintile, production of the top quintile would be 10 times higher. The higher overall values of harvests from larger land sizes are more likely because of cultivation of larger expanses of land, rather than from efficient production. It should be noted that having larger land sizes in itself is not positively correlated with a lower likelihood of being poor. This is not to say that having larger land sizes is not important for farming, but rather it indicates that increasing efficiency is the more important need that could lead to poverty reduction for agricultural households.

The impact of household food consumption data collection methods on poverty and inequality measures in Niger

2 weeks 2 days ago
This paper assesses the impact of three methodologies of food data collection on the welfare distribution, and poverty and inequality measures in Niger. The first methodology is a 7-day recall period, the second one is a usual month, and the third one is a 7-day diary. The paper finds that there is a difference in the distribution of welfare between, on the one hand, the two first methodologies (7-day recall and a usual month, which give results close to each other) and, on the other hand, the 7-day diary method. When considering annual per capita consumption, the 7-day diary lags the 7-day recall by 28 percent. This gap is not only at the mean of the distribution, it has been found at any level. These differences lead to differences in poverty and inequality measures even when alternate poverty lines are used. This study underscores the problem that many developing countries face when it comes to monitoring poverty indicators over time where different methodologies have been used over the years.

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

3 weeks 2 days 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

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

0 sec ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 28 November 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”.

Trade rules can play a positive role in addressing nutrition objectives, says DDG Shark

2 days 5 hours ago
In a statement to the Second International Conference on Nutrition in Rome on 19 November 2014, Deputy Director-General David Shark emphasized the critical importance of multilateral cooperation on nutrition. “The WTO remains more than ever fully committed to participate in and to contribute to this multilateral cooperation,” he said.

Trade Policy Review: Hong Kong, China

2 days 8 hours ago
The seventh review of the trade policies and practices of Hong Kong, China takes place on 19 and 21 November 2014. The basis for the review is a report by the WTO Secretariat and a report by the Government of Hong Kong, China.

Brazil rejects panel requested by the EU over tax measures

3 days 5 hours ago
At the meeting of the Dispute Settlement Body on 18 November 2014, Brazil rejected the request by the European Union for a panel to study the dispute over taxation and charges applied by Brazil to the automobile, information technology and other sectors.

WTO launches discussion forum on 2014 World Trade Report

3 days 5 hours ago
The WTO launched on 18 November 2014 a discussion forum on trade and development, the topic of the 2014 World Trade Report. The forum is intended to encourage an open discussion of what could be contained within a new generation of trade reforms for facilitating development.

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

3 days 5 hours ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 18 November 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”.

A strong, viable WTO is essential for New Zealand — Azevêdo tells NZ institute

3 days 5 hours ago
Smaller economies such as New Zealand can benefit strongly from the platform that the WTO provides for negotiating agriculture, cutting red tape at the border and other issues, and for small and medium-sized enterprises, which do not have the same capacity to overcome barriers such as complex and differing systems of rules, Director-General Roberto Azevêdo told an event organized by the New Zealand Institute of International Affairs at Victoria University, Wellington, on 18 November 2014.

Japan donates CHF 312,019 to help developing countries participate in Doha Round

4 days 5 hours ago
The government of Japan has donated CHF 312,019 to the WTO Doha Development Agenda Global Trust Fund for 2014. This donation will finance a wide range of trade-related technical assistance activities to help developing and least-developed countries (LDCs) to participate effectively in the Doha round of negotiations and better integrate into the world economy.

Gabon announces final deal reached with WTO members on tariff changes

4 days 5 hours ago
Gabon’s top trade official told a meeting of the Council for Trade in Goods on 17 November 2014 that it has concluded negotiations with WTO members on compensation for changes to the country’s tariff commitments resulting from its membership in the Central African Economic and Monetary Community (CEMAC).

WTO issues panel report on US anti-dumping measures on shrimp from Viet Nam

4 days 5 hours ago
On 17 November 2014, the WTO issued the panel report in the case brought by Viet Nam concerning anti-dumping measures applied by the United States to Vietnamese shrimp (DS429).

DG Azevedo urges rapid action on Bali Issues

5 days 5 hours ago
Director-General Roberto Azevêdo today welcomed the strong commitment from G-20 Leaders to implement all elements of the Bali Package including preparing as quickly as possible a WTO work programme on the remaining issues of the Doha Development Agenda.

“Optimistic” members examine agricultural support policies in India, Canada, US, others

1 week 1 day ago
The WTO Agriculture Committee examined at some length the latest information on members’ domestic support and other farm trade policies on 13 November 2014, as news broke of a deal struck by the US and India allowing work to resume on decisions reached at the 2013 Bali Ministerial Conference.

Azevêdo applauds India-US agreement on key Bali issues

1 week 1 day ago
Director-General Roberto Azevêdo today welcomed the news that the US and India have agreed on the way forward for implementing key elements of the package of agreements reached last December at the WTO Ministerial Conference in Bali.

Azevêdo hails breakthrough on the WTO’s Information Technology Agreement

1 week 3 days ago
Director-General Roberto Azevêdo today praised Chinese and US negotiators for reaching an understanding that paves the way to an expeditious conclusion of the expanded Information Technology Agreement. He said: “I strongly welcome the announcement of this breakthrough, which represents a significant step forward in the negotiations on an expansion of the ITA.”

Azevêdo seeks renewed APEC support for multilateral trading system

1 week 6 days ago
In a speech at the APEC (Asia Pacific Economic Cooperation) Ministerial Meeting in Beijing on 8 November 2014, Director-General Roberto Azevêdo called for the support of APEC leaders to help deal with the impasse which “has shut down multilateral negotiations” at the WTO. DG Azevêdo said he was committed to doing everything possible to find a way forward for the Bali Package and the post-Bali agenda and would continue to discuss the situation with leaders at the G-20 summit in Brisbane later this week.

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