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IFC Press Releases

IFC Helps Improve Electricity Services in Afghanistan

9 hours 24 min ago
Kabul, Afghanistan, August 31, 2014—IFC, a member of the World Bank Group, has helped Afghanistan’s national power utility choose a new private contractor to improve the quality of the electricity supply to more than 300,000 people across Kandahar, Helmand, Uruzgan, and Zabul provinces.  

مؤسسة التمويل الدولية تستثمر في تطوير البنية التحتية لمنطقة الشرق الأوسط وشمال إفريقيا

9 hours 24 min ago
القاهرة، مصر، 1 سبتمبر 2014- كثفت مؤسسة التمويل الدولية، عضو مجموعة البنك الدولي، من استثماراتها في مجال البنية التحتية في منطقة الشرق الأوسط وشمال أفريقيا على مدار الاثنى عشر شهراً الماضية، مركزةً في هذا الصدد على الإستثمار فى قطاع الطاقة. وخلال العام المالي 2014 المنتهي في 30 يونيو/ حز

IFC Invests in Infrastructure and Essential Services Across the Middle East

9 hours 24 min ago
Cairo, Egypt, September 1, 2014—IFC, a member of the World Bank Group, has ramped up its investments in vital infrastructure throughout the Middle East and North Africa over the past 12 months, focusing on the energy sector. During fiscal year 2014, which ended on June 30, IFC committed $63

IFC Invests in Nepal’s Probiotech to Boost Poultry Productivity, Farmer Incomes

9 hours 24 min ago
Kathmandu, Nepal, August 26, 2014—IFC, a member of the World Bank Group, and the Private Sector Window of Global Agriculture and Food Security Program are investing together $3.8 million in feed manufacturer Probiotech Industries to enhance poultry farm productivity, and boost incomes in rural

New Report Shows Cruise Tourism Brings More Than $34million into Vanuatu Economy Annually

9 hours 24 min ago
Apia, Samoa, September 1, 2014—Cruise tourism injected $34 million Australian dollars into the Pacific island nation of Vanuatu and brought an estimated further $18 million dollars in indirect economic benefits last year, according to a new study. The study, jointly funded by cruise compa

IFC premia a Canopus com o primeiro Certificado EDGE de Construção Sustentável no Brasil

13 hours 47 min ago
São Paulo, 28 de agosto de 2014 – A International Finance Corporation (IFC), membro do Grupo Banco Mundial, concedeu o certificado EDGE de construção sustentável a um complexo de apartamentos projetado e desenvolvido pela Canopus, uma das maiores empresas de construção no estado de Minas Gerai

IFC Awards Canopus with the First EDGE Green Building Certification in Brazil

13 hours 47 min ago
São Paulo, August 28, 2014 – IFC, a member of the World Bank Group, has awarded EDGE green building certification to an apartment complex designed and developed by Canopus, one of the largest construction companies in the state of Minas Gerais in Brazil. Canopus is the first company to achieve

IFC-World Bank Study Establishes Significant Climate Benefit of Solar Lighting Products

2 days 7 hours ago
Nairobi, Kenya, August 27, 2014 - A new research study published by the IFC-World Bank Lighting Global program finds that replacing all kerosene lamps in use with solar lights would reduce the equivalent of 5 percent annual greenhouse gas emissions in the United States, or 12 percent of India’

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

4 days 1 hour 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

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

4 days 16 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

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

5 days 12 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

5 days 12 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

1 week 1 day 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

1 week 4 days 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.

1 week 4 days 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

1 week 5 days 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 6 days 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

IMF News

IMF Survey: Stabilizing Ukraine's Economy

2 hours 36 min ago

Ukraine: First Review Under the Stand-By Arrangement, Requests for Waivers of Nonobservance and Applicability of Performance Criteria, and a Request for Rephasing of the Arrangement

3 hours 6 min ago
Country Report

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

3 hours 15 min ago

Czech Republic: IMF Executive Board Concludes 2014 Article IV Consultation

3 hours 33 min ago

Slovak Republic: IMF Executive Board Concludes 2014 Article IV Consultation

3 hours 34 min ago

Czech Republic: 2014 Article IV Consultation — Staff Report

3 hours 33 min ago
Country Report

Slovak Republic: Selected Issues

4 hours 35 min ago
Country Report

Slovak Republic: 2014 Article IV Consultation — Staff Report

4 hours 35 min ago
Country Report

Sweden: 2014 Article IV Consultation

3 days 19 hours ago
Country Report No. 14/261: Staff Report;Press Release; and Statement by the Executive Director for Sweden

Press Release: IMF Executive Board Statement on Managing Director Christine Lagarde

3 days 21 hours ago

Norway: IMF Executive Board Concludes 2014 Article IV Consultation

3 days 21 hours ago

Norway: 2014 Article IV Consultation

3 days 21 hours ago
Country Report No. 14/259: Staff Report; Staff Supplement; Press Release; and Statement by the Executive Director for Norway

Norway: Selected Issues Paper

3 days 21 hours ago
Country Report No. 14/260

Tunisia: IMF Executive Board Completes the Fourth Review Under the Stand-By Arrangement and Approves US$217.5 Million Disbursement

3 days 22 hours ago

The Republic of Kazakhstan: Financial System Stability Assessment

4 days 52 min ago
Country Report No. 14/258

Ukraine: IMF Completes First Review Under Stand-By Arrangement and Approves US$1.39 Billion Disbursement

4 days 56 min ago

Press Release: IMF and the East African Community Launch Collaboration Program to Assist East African Partner States Develop Government Finance Statistics

4 days 1 hour ago

Press Release: IMF’s Middle East Regional Technical Assistance Center Concludes Workshop on Tax-Customs Interaction

4 days 1 hour ago

Being a Small State Isn't Easy, But It Doesn't Have to be Hard

4 days 4 hours ago
Podcast

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

4 days 19 hours ago
Country Report No. 14/253

Tuvalu: IMF Executive Board Concludes 2014 Article IV Consultation

4 days 20 hours ago

Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, IMF

4 days 20 hours ago

Sudan: First Review Under the Staff Monitored Program and Statement by the Executive Director for Sudan

4 days 20 hours ago
Country Report No. 14/249

F&D: The Future of Global Economics

5 days 19 hours ago
Finance & Development Magazine -- September Issue

Grenada: Statement at the Conclusion of an IMF Staff Mission

5 days 21 hours ago

IMF Survey: F&D Magazine’s 50th Birthday Issue Looks at Global Economics

5 days 23 hours ago
IMF Survey

Press Release: Latin American Treasury Forum Emphasizes Transparent Management of Public Finances

5 days 23 hours ago

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

6 days 2 hours 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

6 days 21 hours ago
Country Report No. 14/252

Revised Operational Guidance to IMF Staff on the 2002 Conditionality Guidelines

6 days 21 hours 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 week 4 hours ago

IMF Financial Activities -- Update August 21, 2014

1 week 5 hours ago

Conventional and Insidious Macroeconomic Balance-Sheet Crises

1 week 1 day ago
Working Paper No. 14/160

Introducing a Semi-Structural Macroeconomic Model for Rwanda

1 week 3 days ago
Working Paper No. 14/159

Jamaica: Statement at the Conclusion of an IMF Staff Mission

1 week 3 days ago

Capital Flows, Financial Intermediation and Macroprudential Policies

1 week 4 days ago
Working Paper No. 14/157

Pacific Island Countries: In Search of a Trade Strategy

1 week 4 days ago
Working Paper No. 14/158

Ecuador: IMF Executive Board Concludes 2014 Article IV Consultation

1 week 5 days ago

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

1 week 6 days ago
Country Report No. 14/250

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

1 week 6 days ago
Working Paper No. 14/156

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

1 week 6 days ago
Working Paper No. 14/155

Unemployment and Structural Unemployment in the Baltics

1 week 6 days ago
Working Paper No. 14/153

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

1 day 11 hours 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

2 weeks 1 hour 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

Consumer Prices, OECD - Updated: 2 September 2014

2 hours 18 min ago
OECD annual inflation slows to 1.9% in July 2014

An exploration of the determinants of the subjective well-being of Americans during the Great Recession

5 days 9 hours ago
This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective well-being reflected in the OECD Better Life Framework impact subjective well-being.

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

1 week 10 hours ago
OECD GDP up 0.4% in the second quarter of 2014 but with mixed patterns across countries

OECD News - Finance

2014 OECD/IOPS Global Forum on Private Pensions

0 sec ago
2-3 October 2014, Swakopmund, Namibia: This event will focus on the pension reform process in Africa, tax and the financial incentives that affect savings in complementary private pensions, and the role of pension funds in long-term investment financing and capital market development.

Finance and enterprise affairs: Call for papers

1 day 11 hours 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

6 days 2 hours 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 - Governance

Corporate governance and bank insolvency risk : international evidence

14 hours 48 min ago
This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as proxied by the Z-score and the Merton's distance to default measure, for an international sample of banks over the 2004-08 period. Banks are special in that "good" corporate governance increases bank insolvency risk relatively more for banks that are large and located in countries with sound public finances, as banks aim to exploit the financial safety net. Good corporate governance is specifically associated with higher asset volatility, more nonperforming loans, and a lower tangible capital ratio. Furthermore, good corporate governance is associated with more bank risk-taking at times of rapid economic expansion. Consistent with increased risk-taking, good corporate governance is associated with a higher valuation of the implicit insurance provided by the financial safety net, especially in the case of large banks. These results underline the importance of the financial safety net and too-big-to-fail policies in encouraging excessive risk-taking by banks.

The World Bank - Porverty Reduction

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

1 week 6 days 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.

World Trade Organization - News

Ecuador launches safeguard investigation on floors of wood and bamboo and accessories

1 hour 48 min ago
On 2 September 2014, Ecuador notified the WTO’s Committee on Safeguards that it initiated on 28 August 2014 a safeguard investigation on floors and wood and bamboo and accessories.

DSB adopts Appellate Body reports on China’s rare earths measures

4 days 1 hour ago
The Dispute Settlement Body, on 29 August 2014, adopted the Panel and Appellate Body reports which found that China’s export restrictions on rare earths, tungsten and molybdenum were in breach of China’s WTO obligations and not justified under the GATT exceptions.

Jordan launches safeguard investigation on writing and printing papers size A4

4 days 1 hour ago
On 29 August 2014, Jordan notified the WTO’s Committee on Safeguards that it initiated on 28 August 2014 a safeguard investigation on writing and printing papers size A4.

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

4 days 1 hour 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

1 week 4 days 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

1 week 4 days 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)

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