This article is brought to you in association with the European Commission. Today, the Commission presented the interim evaluation of InvestEU, the EU flagship investment programme designed to facilitate better access to finance for companies across Europe in support of common priorities. It notably finds that, halfway through its lifetime, InvestEU has already unlocked €218 billion […]Halfway through its lifetime, InvestEU is already playing a key role by unlocking €218 billion in investment towards a more sustainable and competitive EU
October 2, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission presented the interim evaluation of InvestEU, the EU flagship investment programme designed to facilitate better access to finance for companies across Europe in support of common priorities. It notably finds that, halfway through its lifetime, InvestEU has already unlocked €218 billion […]Effective Knowledge Management: Navigating the Complexity of PFM Knowledge
October 2, 2024 by Leave a Comment
This article is published in association with IMF. Zhuolin Li Public Financial Management (PFM) knowledge management remains a significant challenge for many public institutions. The core issue lies in the fact that most knowledge is not effectively captured, shared, or utilized. As a result, a valuable resource is left untapped, and more importantly, the ability to […]Spain: EIB and CriteriaCaixa sign loan to finance the construction of the CaixaResearch Institute, a research centre of “la Caixa” Foundation
October 1, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and CriteriaCaixa, holding company of “la Caixa” Foundation managing its business assets, have signed a €80 million loan to finance the construction and launch of the CaixaResearch Institute in Barcelona – Spain’s first biomedical research centre dedicated to the interdisciplinary study of […]Commission approves €1 billion Portuguese State aid scheme to support investments in strategic sectors necessary to foster the transition to a net-zero economy
September 30, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved a €1 billion Portuguese scheme to support investments for the production of equipment necessary to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis […]Growth in EBRD regions trimmed as economies adjust to new realities
September 27, 2024 by 1 Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has revised slightly downwards its expectations of growth across the regions where it invests. Its latest Regional Economic Prospects report gives a growth figure for 2024 of 2.8 per cent, 0.2 percentage points down on its previous forecast […]Commission carries out unannounced antitrust inspections in the financial services sector
September 25, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission is carrying out unannounced antitrust inspections at the premises of companies active in the financial services sector in two Member States. The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit restrictive business practices (Article 101 of […]Commission carries out unannounced antitrust inspections in the financial services sector
September 24, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission is carrying out unannounced antitrust inspections at the premises of companies active in the financial services sector in two Member States. The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit restrictive business practices (Article […]How to Awaken Europe’s Private Sector and Boost Economic Growth
September 23, 2024 by Leave a Comment
This article is published in association with IMF. Diego Cerdeiro, Gee Hee Hong, Alfred Kammer In the European Union, income per person, one of the main gauges of living standards, is on average one-third less than in the United States, mostly because of lower productivity—as emphasized by Mario Draghi’s Sept. 9 competitiveness report for the European […]Political Parties of all Stripes are Pushing for Higher Government Spending
September 20, 2024 by Leave a Comment
This article is published in association with IMF. Large fiscal deficits and elevated debt levels call for greater fiscal prudence, but political forces are pulling in the opposite way Era Dabla-Norris, Enrico Di Gregorio, Yongquan Cao September 16, 2024 Conservative politics has traditionally been defined by its emphasis on fiscal prudence and the idea of a […]Draghi to MEPs: “Europe faces a choice between exit, paralysis, or integration”
September 18, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. On Tuesday, Mario Draghi outlined his blueprint for improving Europe’s competitiveness through closer cooperation in core areas and massive investment in shared objectives. Mr Draghi, author of a report on European competitiveness requested by the President of the European Commission, said that the EU […]The Gambia: Renewing the Push for Domestic Revenue Mobilization
September 17, 2024 by Leave a Comment
This article is published in association with IMF. The Gambia has been relying heavily on donor support to finance critical government activities. Approximately 27 percent of the budget was funded by donors on average between 2018 and 2023. The support seems to have reached its peak despite the country’s growing developmental needs. In response, the government […]Commission endorses preliminary assessment of Slovenia’s third payment request for €257.6 million under the Recovery and Resilience Facility
September 17, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has endorsed a positive preliminary assessment of Slovenia’s third payment request for €257.6 million (net of pre-financing) under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU. Following its assessment of the payment request, submitted by Slovenia on 28 June 2024, […]Sustained Economic Growth Hinges on Productivity Gains as Populations Age
September 13, 2024 by Leave a Comment
This article is published in association with IMF. A productivity slump is eroding living standards and imperiling financial and social stability “Productivity isn’t everything,” Paul Krugman wrote in his 1990 book, The Age of Diminished Expectations, “but in the long run it is almost everything.” Productivity is a foundation of prosperity. The only way a country can […]EBRD helps Ukraine’s banks to unlock €690 million of new lending
September 12, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is providing new guarantees to Ukraine’s banking sector and unlocking €690 million of new financing to critical industries in wartime Ukraine. The Bank is extending unfunded portfolio risk-sharing facilities to PrivatBank, Ukrgasbank, KredoBank and Bank Lviv, under which the […]European Commission issues €10 billion in its 8th syndicated transaction of 2024
September 11, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €10 billion of EU-Bonds in its 8th syndicated transaction for 2024, €5 billion of which in the form of NextGenerationEU (NGEU) Green Bonds. The dual-tranche transaction concerned a new €5 billion bond due on 4 December 2031, and […]EBRD deepens cooperation with AccessBank in Azerbaijan
September 10, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has relaunched its Risk-Sharing Facility (RSF) in Azerbaijan by partnering with AccessBank to share risk in loans provided to local small and medium-sized enterprises (SMEs). Under the RSF agreement, the EBRD and AccessBank will each provide up to […]EIB advocates for more investment and green financing at Poland’s leading economic conference
September 9, 2024 by Leave a Comment
This article is published in association with European Investment Bank. European Investment Bank delegation led by Vice-President Teresa Czerwińska participated in the Economic Forum, Poland’s leading economic conference that took place in the south-western town of Karpacz on Sept.3-5. For the second year running, the EIB contributed to a respected economic report authored by Poland’s top […]Fed Rate Cuts May Help Revive Bond Flows to Emerging, Developing Economies
September 9, 2024 by Leave a Comment
This article is published in association with IMF. Paula Arias, Robin Koepke Some higher risk countries still face high costs for selling foreign-currency denominated debt to investors after major central banks raised interest rates Capital flows to emerging market and developing economies went through several boom-bust cycles in recent decades, often partly driven by external developments […]Commission endorses preliminary assessment of Greece’s fourth payment request for €998.6 million in grants under the Recovery and Resilience Facility
September 5, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has endorsed a positive preliminary assessment of Greece’s fourth payment request for €998.6 million (net of pre-financing) in grants, following the disbursement of Greece’s fourth payment request of loans on 23 July 2024, under the Recovery and Resilience Facility, the centrepiece […]AI-Powered Treasury: Georgia’s Innovative Approach to Managing Payment Risks
September 4, 2024 by Leave a Comment
This article is published in association with IMF. Davit Gamkrelidze, Giorgi Mchedlishvili, Graham Prentice, Alok Verma Imbibing the spirit of Georgia’s national epic, “The Knight in the Panther’s Skin” by Shota Rustaveli, which celebrates the virtues of exploration and overcoming challenges, the Georgian State Treasury[1] has embraced innovative modern technology to manage risks in Treasury payments. Georgia has established a […]Women Lead Record Number of Central Banks, but More Progress is Needed
August 30, 2024 by Leave a Comment
This article is published in association with IMF. New governors in Bosnia and Herzegovina and Papua New Guinea lifted the share of central banks with women leaders to 16 percent The Editors Women are leading more central banks than ever before, thanks to appointments in the past year, but recent gains still leave the share of […]EBRD supports first renewable hydrogen project in Central Asia
August 28, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is helping to decarbonise fertiliser production and power generation in Uzbekistan by financing a pilot renewable hydrogen facility. It will consist of a 20 MW electrolyser and a greenfield 52 MW wind power plant. The EBRD is offering […]EBRD makes equity investment in Bank of Palestine
August 28, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) are supporting the Palestinian economy in challenging times with an equity investment in Bank of Palestine. Under the new investment agreement, Bank of Palestine will issue additional shares, with the EBRD acquiring […]Economics Authors Confront Toughest Questions on Data, History, and Theory
August 22, 2024 by Leave a Comment
This article is published in association with IMF. The Editors Beyond benchmark measures like employment, growth, and inflation, economics encompasses the full spectrum of humanity. It affects—and reflects—everyone. Central bankers may be most acutely aware of this, as well as the high cost for people should they falter in charting the policies to keep prices stable […]Joint press statement of the EU and Fiji on the implementation of the EU-Pacific interim Economic Partnership Agreement
August 21, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Valdis Dombrovskis, Executive Vice-President of the European Commission and Commissioner for Trade, and Honourable Manoa Kamikamica, Deputy Prime Minister and Minister for Trade, Cooperatives, Micro, Small and Medium Enterprises and Communications of Fiji are pleased to announce the further strengthening of bilateral trade relations, […]Removing the ‘Fiction’, and Other Flaws, from the UK Fiscal Framework
August 20, 2024 by Leave a Comment
This article is published in association with IMF. Fiscal rules have come under a range of criticism in recent years in the UK and elsewhere. In general, the argument of critics has been that they encourage sub-optimal economic policy-making. For example, they have been blamed for forcing countries into counterproductive austerity to not enforcing fiscal sustainability […]Why the world needs a UN global tax convention
August 19, 2024 by Leave a Comment
This article is published in association with United Nations. The global tax system needed reform, and the UN answered the call on Friday with a blueprint for a new universal tax accord that represents an historic step towards changing the financial landscape. The aim is to help nations around the world boost economic growth and achieve […]EBRD arranges €40.1 million financing to Elektroprivreda BiH towards Bosnia and Herzegovina’s green transition
August 15, 2024 by Leave a Comment
This article is published in association with United Nations. The European Bank for Reconstruction and Development (EBRD) is providing a €25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH), the largest public electricity generation and distribution utility in Bosnia and Herzegovina, to develop and construct a 50 MWp solar power plant on a former coal ash […]EBRD lends €70 million to Ukraine postal operator
August 14, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is lending €70 million to Nova Post, a leading private postal and courier operator in Ukraine, to finance its investment programme for 2024. “The loan will support the company’s long-term growth strategy, which envisages a transformation of its […]EBRD lends US$ 60 million to Kazakhstan’s Bank CenterCredit
August 8, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is promoting greater use of green technologies and creating growth opportunities for small firms in Kazakhstan by providing a financial package of US$ 60 million (€55.3 million) to the country’s major private lender, Bank CenterCredit (BCC). The package […]EBRD promotes renewable energy in Tunisia
August 7, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) and the French development agency, Proparco, are promoting the green transition of Tunisia by financing the construction and operation of two solar photovoltaic power plants in the areas of Tozeur and Sidi Bouzid. The EBRD’s financing package consists […]EBRD, donors and Crédit Agricole Egypt boost green investments in Egypt
August 6, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is boosting small businesses and green investments in Egypt with a loan of US$ 20 million (ca.€18.5 million equivalent) to Crédit Agricole Egypt, one of Egypt’s largest commercial banks and a subsidiary of Crédit Agricole Group. The loan, […]The orange economy: Where creativity fuels prosperity
August 5, 2024 by Leave a Comment
This article is published in association with United Nations. What happens when you blend creativity, cultural heritage and economic growth? Up pops the vibrant world of an orange economy, also known as the creative economy. But, what exactly is it, and how does it foster peace, accelerate sustainable development and empower communities? The former Colombian culture […]
