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IFC Press Releases

IFC and BancoBNI Support Trade, Small and Medium Businesses in Angola

2 days 2 hours ago
Luanda, Angola, August 25, 2014—IFC, a member of the World Bank Group, is entering a partnership with Banco de Negócios International Angola (“BancoBNI”) to provide financing that will support manufacturing, trade and distribution businesses in Angola. These businesses will contribute to Angol

IFC Invests in Cargills Foods to Create Jobs, Boost Farmer Incomes, Support Growth in Sri Lanka

2 days 2 hours ago
Colombo, Sri Lanka, August 25, 2014—IFC, a member of the World Bank Group, is investing $20 million in Sri Lanka’s Cargills Foods Company (Private) Limited, the retail subsidiary of Cargills (Ceylon) PLC. The investment will help the company expand operations, reach more farmers, and improve e

Trujillo será una de las 3 municipalidades piloto donde se mejorarán las Inspecciones Técnicas de Seguridad en Edificaciones en Perú

2 days 2 hours ago
Trujillo, Perú, 21 de agosto de 2014--La Corporación Financiera Internacional (IFC), miembro del Grupo Banco Mundial, la Cooperación Suiza – SECO y la Municipalidad Provincial de Trujillo suscribieron el miércoles 20 de agosto un convenio de cooperación para mejorar las inspecciones técnicas d

IFC Helps Turan Bank Support International Traders

2 days 2 hours ago
Baku, Azerbaijan, August 21, 2014—IFC, a member of the World Bank Group, is helping Azerbaijan’s Turan Bank train its staff to reduce risks related to trade finance, provide better solutions for small international traders, and support expansion to foreign markets. IFC’s Global Trade Fina

IFC Launches $2.5 Billion Rupee-Financing Program to Strengthen India’s Capital Markets

2 days 2 hours ago
New Delhi, August 20, 2014—IFC, a member of the World Bank Group, today launched a $2.5 billion rupee financing program to strengthen capital markets and support infrastructure development in India. Under the program, IFC will use a combination of rupee-denominated bonds and swaps to raise

IFC Invests in India’s SAMHI Hotels, Expands Access to Affordable Tourism Infrastructure

4 days 23 hours ago
New Delhi, India, August 19, 2014—IFC, a member of the World Bank Group, is investing $21 million in SAMHI Hotels through compulsorily convertible debentures. The investment will increase India’s capacity in the affordable and mid-market hotel segment, create jobs, and promote energy-efficient

IFC Sells Stake in Cambodia’s ACLEDA Bank to Sumitomo Mitsui Banking Corp.

4 days 23 hours ago
Phnom Penh, Cambodia, August 18, 2014—IFC, a member of the World Bank Group, has sold its 12.25 percent stake in ACLEDA Bank PLC to Japan’s Sumitomo Mitsui Banking Corp. after having supported ACLEDA’s transition into a leading commercial bank in Cambodia over the past 15 years. IFC has pa

IFC, The MasterCard Foundation and Airtel Money to expand access to mobile money in Zambia

6 days 3 hours ago
Johannesburg, South Africa, August 18, 2014—IFC, a member of the World Bank Group, today announced an advisory services agreement, valued at $1 million, with Airtel Zambia to increase access to mobile financial services in the Zambian market in order to strengthen financial inclusion. In Z

IFC, ITIDA Help Improve ICT Skills in Egypt

1 week 5 hours ago
Cairo, Egypt, August 17, 2014—IFC, a member of the World Bank Group, today signed an agreement to help enhance the skills of prospective information and communication technology (ICT) workers in Egypt, develop sector specific education and training, and improve the employability of ICT graduat

مؤسسة التمويل الدولية وإيتيدا يدعمان تطوير مهارات تكنولوجيا المعلومات والاتصالات في مصر

1 week 1 day ago
القاهرة، مصر، 17 أغسطس 2014- توقع اليوم مؤسسة التمويل الدولية، عضو مجموعة البنك الدولي، إتفاقية مع هيئة تنمية صناعة تكنولوجيا المعلومات – إيتيدا، بهدف تعزيز القدرة التنافسية للعاملين بقطاع تكنولوجيا المعلومات المصري وتطوير أنشطة التعليم والتدريب الخاصة به من أجل تحسين فرص إلتحاق خريجي الجامعات

IFC Issues First Green Bond in Peruvian Markets, Supporting Climate-Friendly Investments

1 week 2 days ago
Washington, D.C., August 12 2014—IFC, a member of the World Bank Group, today issued a green bond denominated in Peruvian soles, raising PEN 42 million soles or approximately $15 million for climate-friendly investments in emerging markets. The bond sets a precedent as the first green bond

IFC emite el primer bono verde en el mercado peruano para respaldar inversiones que favorecen el medioambiente

1 week 2 days ago
Ciudad de Washington, 12 de agosto de 2014. La Corporación Financiera Internacional (IFC), miembro del Grupo del Banco Mundial, emitió hoy un bono verde denominado en soles peruanos, que generará PEN 42 millones de soles o aproximadamente US$15 millones de dolares para inversiones que favorece

IFC Helps Lao PDR’s Largest Hydroelectric Generator Improve Environmental and Social Risk Management

1 week 3 days ago
Vientiane, Lao PDR, August 7, 2014—IFC, a member of the World Bank Group, has signed an agreement with EDL-Generation Public Company (EDL-GEN), the largest hydroelectricity generator in Lao People’s Democratic Republic, to help the company better manage its environmental and social risks.

IFC Mobilizes International Investors to Bank South Pacific

2 weeks 21 hours ago
Port Moresby, Papua New Guinea, August 5, 2014—IFC, a member of the World Bank Group, is investing US$30 million and has mobilized an additional US$50 million through a syndication to allow Papua New Guinea’s only domestic bank, Bank South Pacific, to expand its financing and promote private s

World Bank Group Finances 96 megawatt Tobene Power Plant in Senegal

2 weeks 21 hours ago
Washington, D.C., August 6, 2014 -- The World Bank Group today signed agreements for the Tobene Independent Power Project in Taiba Ndiaye in Senegal. These included a 93.4 million euro financing agreement arranged by IFC and a $40 million equivalent IDA partial risk guarantee project agreement

IMF News

Kingdom of the Netherlands—Curaçao and Sint Maarten: 2014 Article IV Consultation—Staff Report

2 hours 6 min ago
Country Report

Central African Economic and Monetary Community (CEMAC): Staff Report; Press Release; and Statement by the Executive Director for the Central African Economic and Monetary Community

20 hours 39 min ago
Country Report No. 14/252

Revised Operational Guidance to IMF Staff on the 2002 Conditionality Guidelines

20 hours 39 min ago

Burundi: IMF Executive Board Completes Fifth Review Under Extended Credit Facility Arrangement, Approves US$7.6 Million Disbursement, and Concludes 2014 Article IV Consultation

1 day 3 hours ago

IMF Financial Activities -- Update August 21, 2014

1 day 4 hours ago

Conventional and Insidious Macroeconomic Balance-Sheet Crises

2 days 3 hours ago
Working Paper No. 14/160

Introducing a Semi-Structural Macroeconomic Model for Rwanda

4 days 20 hours ago
Working Paper No. 14/159

Jamaica: Statement at the Conclusion of an IMF Staff Mission

4 days 22 hours ago

Capital Flows, Financial Intermediation and Macroprudential Policies

5 days 3 hours ago
Working Paper No. 14/157

Pacific Island Countries: In Search of a Trade Strategy

5 days 3 hours ago
Working Paper No. 14/158

Ecuador: IMF Executive Board Concludes 2014 Article IV Consultation

6 days 3 hours ago

Georgia: Request for a Stand-By Arrangement; Press Release; and Statement for the Executive Director for Georgia

1 week 3 hours ago
Country Report No. 14/250

Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets

1 week 3 hours ago
Working Paper No. 14/156

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

1 week 22 hours ago
Working Paper No. 14/155

Unemployment and Structural Unemployment in the Baltics

1 week 23 hours ago
Working Paper No. 14/153

Press Release: Statement on Pakistan

1 week 1 day ago

IMF Financial Activities -- Update August 14, 2014

1 week 2 days ago

Paraguay: Report on Observance of Standards and Codes

1 week 2 days ago
Country Report

Podcast: Is Africa Forging a Unique Development Path?

1 week 5 days ago
Podcast

Press Release: IMF’s Middle East Regional Technical Assistance Center Concludes Training on Banking Supervision

1 week 5 days ago

After the Boom–Commodity Prices and Economic Growth in Latin America and the Caribbean

1 week 5 days ago
Working Paper No. 14/154

Georgia: Letter of Intent and Technical Memorandum of Understanding, July 15, 2014

1 week 6 days ago

Sudan: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 26, 2014

1 week 6 days ago

The Effects of Unconventional Monetary Policies on Bank Soundness

1 week 6 days ago
Working Paper No. 14/152

OECD News - Corruption

ADB-OECD Conference on fighting corruption and building trust in Asia and the Pacific

0 sec ago
Taking place on 3-4 September 2014 in Phnom Penh, Cambodia, this conference will discuss the key levers for restoring trust in government and building trust by and in the private sector and civil society.

Finance and enterprise affairs: Call for papers

0 sec ago
We are looking for new and interesting thinking on how policy options in the areas of competition, corporate governance, capital markets and financial services, international investment and foreign bribery can have an impact on our well-being as defined by the OECD's Better Life Initiative.

Draft Recommendation of the Council on Public Procurement

1 week 1 day ago
This draft Recommendation aims to support public procurement as a crucial pillar of strategic governance. This draft will provide clear and effective guidance on how to implement a public procurement system that uses state-of-the-art tools and techniques to use public funds sustainably and efficiently.

OECD News - Development

Latin American Competition Forum

0 sec ago
The 2014 OECD-IDB Latin American Competition Forum takes place in Montevideo, Uruguay, on 16-17 September. Discussions will focus on electricity markets in Latin America, a peer review of Costa Rica's competition law and policy and mainstreaming competition policy with key policy makers.

ADB-OECD Conference on fighting corruption and building trust in Asia and the Pacific

0 sec ago
Taking place on 3-4 September 2014 in Phnom Penh, Cambodia, this conference will discuss the key levers for restoring trust in government and building trust by and in the private sector and civil society.

OECD News - Economy

GDP Growth - Second Quarter 2014, Quarterly National Accounts, OECD

1 day 9 hours ago
OECD GDP up 0.4% in the second quarter of 2014 but with mixed patterns across countries

OECD News - Finance

Finance and enterprise affairs: Call for papers

0 sec ago
We are looking for new and interesting thinking on how policy options in the areas of competition, corporate governance, capital markets and financial services, international investment and foreign bribery can have an impact on our well-being as defined by the OECD's Better Life Initiative.

Freedom of choice, bitcoins and legal tender

1 hour 27 min ago
This blog post by Adrian Blundell-Wignall builds on a working paper he published earlier this year titled "The Bitcoin Question: Currency versus Trust-less Transfer Technology".

The World Bank - Porverty Reduction

Short- and long-run impacts of food price changes on poverty

1 week 14 hours ago
This study uses household models based on detailed expenditure and agricultural production data from 31 developing countries to assess the impacts of changes in global food prices on poverty in individual countries and for the world as a whole. The analysis finds that food price increases unrelated to productivity changes in developing countries raise poverty in the short run in all but a few countries with broadly-distributed agricultural resources. This result is primarily because the poor spend large shares of their incomes on food and many poor farmers are net buyers of food. In the longer run, two other important factors come into play: poor workers are likely to benefit from increases in wage rates for unskilled workers from higher food prices, and poor farmers are likely to benefit from higher agricultural profits as they raise their output. As a result, higher food prices appear to lower global poverty in the long run.

Poverty impacts of the volume-based special safeguard mechanism

1 week 1 day ago
The volume-based Special Safeguard Mechanism was proposed as essential for small, poor farmers and became the proximate cause of the collapse of the Doha Agenda negotiations in 2008. But is it helpful for these farmers, given that it is likely to be applied when farm output is depressed and many poor farmers in developing countries need to buy food? Stochastic simulations for 31 countries suggest that use of this safeguard in line with the proposed World Trade Organization rules would raise the world poverty headcount by an average of 24 million. The adverse poverty impact of the duty is larger when the quantity safeguard is triggered than it would be in other years, because lower farm output levels reduce or reverse the benefits to poor farm households from higher prices.

Use of imported inputs and the cost of importing : evidence from developing countries

1 week 2 days ago
For a representative sample of manufacturing firms in 26 countries, this paper shows that changes in the cost of importing over time are significantly and negatively correlated with changes in the percentage of firms' material inputs that are of foreign origin. Furthermore, the paper shows that there may be a nonlinear relationship between import costs and imports. These findings are important, as recent studies point toward a significant positive effect of imported inputs on productivity and growth. It is hoped that the present paper inspires more work on the determinants of the use of imported inputs, especially in developing countries.

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 29 August 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”.

China appeals panel report on countervailing measures applied by United States

5 days 1 hour ago
China filed, on 22 August, a notice of appeal on the dispute DS437 on countervailing duty measures on certain products from China.

Panel reports issued in dispute over Argentina’s import measures

5 days 1 hour ago
Panel reports were issued on 22 August in the dispute involving Argentina, European Union, United States and Japan over Argentina’s import measures (DS438, DS444, DS445)

Malaysia Launches Safeguard Investigation on Hot Rolled Steel Plate

1 week 2 days ago
Malaysia has notified the WTO’s Committee on Safeguards that it has initiated a safeguard investigation on hot rolled steel plate.

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.
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