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Category Archives: WB- IMF-WTO

WB loan pact pushes up foreign aid commitments Foreign aid commitment rose over 25% in the first seven months of the current fiscal year largely supported by World Bank’s funding promise in poverty alleviation and other purposes, officials said. According to the Economic Relations Division (ERD) data, the foreign assistance commitment during July-January period of the current financial year stood at $2bn in loan and grants compared ... Read More »

IMF agrees $17.5bn plan for Ukraine

BBC Online The Extended Fund Facility is designed to stabilise Ukraine’s economy, restore growth and improve living standards. On top of the IMF funding, the programme also agrees “other bilateral and multilateral funding” to a total value of about $40bn. IMF managing director Christine Lagarde said the deal could prove a “turning point” for Ukraine. But Ukrainian Prime Minister Arseniy ... Read More »

IMFdowngrades global growth forecast

BBC Online The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next. The IMF now expects growth of 3.5% this year, compared with the previous estimate of 3.8% which it made in October. The growth forecast for 2016 has also been cut, to 3.7%. The downgrade to the forecasts comes despite one ... Read More »

Unrest to hinder 6.2% growth :WB World Bank has forecast Bangladesh economy will grow more than 6% in the current fiscal year if the political stability following January 2014 election continues. Their outlook published yesterday when the country already struggling with political unrest that started from the very beginning of 2015. The World Bank warned the current political unrest, if prolonged, might dent the growth ... Read More »

Lower oil prices to boost global economy: IMF

Washington: The recent decline in oil prices will help boost global economy, IMF chief Christine Lagarde has said, as global oil prices have tumbled to multi-year low. “It is good news for the global economy,” Ms. Lagarde said at The Wall Street Journal CEO Council annual meeting here. For the United States, low energy prices would help accelerate the economic ... Read More »

WB finances 36 projects involving over $6 b The World Bank (WB) is currently financing 36 projects involving US$ 6,601.46 million ($6.60 billion), according to a latest document of the global lender. The funding covers the major projects designed to develop infrastructure, power, agriculture and education sectors, water supply, health services as well as skill and capacity building of public institutions. The 36 projects include Skill and ... Read More »

WB to resume budget support The World Bank (WB) would resume budget support to Bangladesh, said WB country director Jonathan Zutt on Tuesday . Zutt was speaking at the launching programme of the “Bangladesh Development Update” at his Dhaka office. He said the matter was briefly discussed on the sidelines of the annual meetings of the International Monetary Fund (IMF) and World Bank Group, ... Read More »

IMF mission happy with BD

Bangladesh has made significant progress in consolidating macroeconomic stability under the ECF-supported program,” says Rodrigo Cubero, who led a mission of the International Monetary Fund (IMF) mission to Dhaka, reports   The mission was in Dhaka between 17-30 Sept to review the three-year Extended Credit Facility (ECF) arrangement. The ECF was approved on April 11, 2012 for a total ... Read More »

IMF lauds Japan’s bid to empower women, calls to accept immigrants

TOKYO: One of the world’s most influential women, IMF Managing Director Christine Lagarde, applauded Japanese Prime Minister Shinzo Abe’s efforts to power the economy by boosting the female workforce, but added he needs to do more, including accepting more immigrants.”I know that some efforts are underway here, but I believe there is scope to go further,” Lagarde said Friday at ... Read More »

Lagarde charge raises ghosts of scandal at IMF

WASHINGTON: The International Monetary Fund is again touched by scandal with chief Christine Lagarde’s being charged in a French graft case, three years after predecessor Dominique Strauss-Kahn resigned in disgrace. The “negligence” charge against Lagarde Wednesday in a case dating back to her years as French finance minister bear little resemblance to the sexual-assault allegations from a hotel maid that ... Read More »