This article is brought to you in association with EBRD. Ukraine’s economy, which grew 3.0 per cent in 2024 despite the pressures of Russia’s full-scale war, is forecast to grow 3.5 per cent in 2025 and strengthen further to 5.0 per cent in 2026 provided that an agreement to suspend fighting is reached this year, says […]EBRD revises down Ukraine’s 2025 growth forecast
February 27, 2025 by Leave a Comment
This article is brought to you in association with EBRD. Ukraine’s economy, which grew 3.0 per cent in 2024 despite the pressures of Russia’s full-scale war, is forecast to grow 3.5 per cent in 2025 and strengthen further to 5.0 per cent in 2026 provided that an agreement to suspend fighting is reached this year, says […]Growth slows in EBRD regions amid fragmenting trade and investment
February 27, 2025 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has revised its regional economic forecast for 2025 downwards by 0.3 percentage points relative to its September 2024 outlook. Growth across the economies where the Bank invests is now expected to average 3.2 per cent this year, before […]Commission simplifies rules on sustainability and EU investments, delivering over €6 billion in administrative relief
February 27, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has adopted a new package of proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity. This is a major step forward in creating a more favourable business environment to help EU companies grow, innovate, and create quality jobs. […]Commission strengthens further the European Union’s financial risk management framework
February 26, 2025 by Leave a Comment
Commission strengthens further the European Union’s financial risk management frameworkEBRD and UK align efforts to mobilise private capital
February 25, 2025 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) and the UK government are joining forces to support private capital mobilisation and stimulate growth in developing countries and the United Kingdom. EBRD President Odile Renaud-Basso and UK Chancellor of the Exchequer Rachel Reeves today welcomed UK-based businesses, […]MPs and MEPs meet to discuss economic, budgetary, and social concerns
February 19, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. The annual European Parliamentary Week will take place on Monday and Tuesday, bringing MEPs together with MPs from member states and EU candidate countries. European Parliament President Roberta Metsola will open the event on Monday at 14.30, together with the Marshals of Poland’s Sejm […]Cost of living and environment are the main concerns of young people in the EU
February 18, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. An EP survey of EU citizens aged 16-30 shows social media is their main information source, and that the majority are also aware of the risks of online disinformation. Rising prices and the cost of living are a concern for 40% of the 16-30 […]€1.18 billion and €128 million payments to the Netherlands and Denmark move forward under NextGenerationEU with Commission’s positive preliminary assessments
February 18, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission issued positive preliminary assessments of the Netherlands’ payment request for €1.18 billion and Denmark’s payment request for €128 million under NextGenerationEU, the centrepiece of Europe’s recovery efforts to build a greener, more digital and competitive Union. The Commission preliminarily concluded that the Netherlands […]Rising Rates May Trigger Financial Instability, Complicating Fight Against Inflation
February 17, 2025 by Leave a Comment
This article is published in association with IMF. Katharina Bergant, Mai Hakamada, Divya Kirti, Rui C. Mano Before the pandemic, investors worried about how persistently low inflation and interest rates would crimp bank profits. Paradoxically, they also worried about bank profitability when post-COVID reopening sent inflation and central bank interest rates soaring. The failure of Silicon […]Statement on the US reciprocal tariff policy
February 17, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission views President Trump’s proposed “reciprocal” trade policy as a step in the wrong direction. The EU remains committed to an open and predictable global trading system that benefits all partners. The EU maintains some of the lowest tariffs in the world […]MEPs ask the ECB to assess the impact of global conflicts on price stability
February 14, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. Plenary adopted recommendations to the European Central Bank on Tuesday, following a debate on its priorities and activities with President Christine Lagarde on Monday. With 378 votes in favour, 233 against and 26 abstentions, MEPs say they want the ECB to do more to […]Shaping the future of the EU together: the Commission sets out the road to the next EU long-term budget
February 13, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission published a Communication on ‘The Road to the next Multiannual Financial Framework’. It outlines the key policy and budgetary challenges that will shape the design of the next Multiannual Financial Framework (MFF). This lays the groundwork for reflections on how […]European Commission issues €11 billion in its 2nd syndicated transaction of 2025
February 13, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has yesterday raised €11 billion of EU-Bonds in its 2nd syndicated transaction for 2025, of which €5 billion in the form of NextGenerationEU Green Bonds. The dual-tranche transaction concerned a €6 billion tap of the EU-Bond maturing on 4 December 2031, […]€76.9 million payment to Cyprus moves forward under NextGenerationEU with Commission’s positive preliminary assessment
February 12, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission issued a positive preliminary assessment of Cyprus’s third payment request for €76.9 million under NextGenerationEU, the centrepiece of Europe’s recovery efforts to build a greener, more digital, and competitive Union. The Commission’s preliminary assessment finds that Cyprus has fulfilled the milestones and targets […]Strengthening medium-term fiscal frameworks in Southern Africa
February 11, 2025 by Leave a Comment
This article is published in association with IMF. Governments across Sub-Saharan Africa are grappling with the fiscal trilemma: containing debt, meeting development needs through increased spending, and managing resistance to tax hikes. According to the October 2024 World Economic Outlook, while debt-to-GDP ratios are projected to decline, they remain elevated due to persistent risks, including macroeconomic […]Accrual Accounting and Transition Economy Countries
February 5, 2025 by Leave a Comment
This article is published in association with IMF. Accounting reform is a ‘hot topic’ and pressure exists from international organisations like the World Bank and IMF and consultants, for countries to adopt the international accrual standards of public sector accounting (IPSASs). Countries are attracted by the broad promises of accrual accounting, including increased transparency, better decision […]EIB Group achieves record results in 2024, targets €95 billion in investments for 2025
February 3, 2025 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) Group signed €89 billion in new financing last year. The Group made more investments than ever before to strengthen EU energy security, mobilising over €100 billion for projects in new and upgraded infrastructure such as grids and interconnectors, renewables, net-zero industries, efficiency and […]EU-Chile Interim Trade Agreement enters into force
February 3, 2025 by Leave a Comment
This article is published in association with United Nations. The EU-Chile Interim Trade Agreement (ITA) has entered into force, following the completion of Chile’s ratification process. The ITA, which was signed in December 2023, is of key geopolitical importance. It will boost the competitiveness of businesses on both sides, while providing a shared platform for the […]Commission endorses positive preliminary assessment of Estonia’s third payment request for €122.3 million under the Recovery and Resilience Facility
January 30, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today endorsed a positive assessment of Estonia’s payment request for €122.3 million in grants under the Recovery and Resilience Facility (RRF). Following its assessment of the payment request submitted on 9 December 2024, the Commission has preliminarily concluded that Estonia has […]Annual Single Market and Competitiveness Report highlights challenges and opportunities to EU competitiveness
January 30, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission is publishing the 2025 Annual Single Market and Competitiveness Report analysing the strengths and weaknesses of the EU economy. It provides the analytical context for the Competitiveness Compass? an action plan that will reignite economic dynamism in Europe. The report […]What Measures can Developing Countries Take to Curb Rising Debt Levels?
January 29, 2025 by Leave a Comment
This article is published in association with IMF. Talal Rafi Over 3 billion people live in 48 developing countries where their governments pay more on interest payments than on either education or health. That is almost half the world’s population. Education and health are key areas of spending if governments want to increase the productivity of […]EIB and Banco Desio to mobilise up to €400 million in financing to support innovative investments in small businesses and mid-caps
January 22, 2025 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Banco Desio have announced an agreement worth a total of €200 million, in an aim to offer a new financing opportunity for innovative investments in small and medium-sized enterprises (SMEs) and mid-caps in Italy totalling €400 million. The first €60 million tranche was […]As One Cycle Ends, Another Begins Amid Growing Divergence
January 20, 2025 by Leave a Comment
This article is published in association with IMF. Pierre-Olivier Gourinchas We project global growth will remain steady at 3.3 percent this year and next, broadly aligned with potential growth that has substantially weakened since before the pandemic. Inflation is declining, to 4.2 percent this year and 3.5 percent next year, in a return to central bank […]Negotiators conclude on modernised Global Agreement with Mexico
January 18, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. Political negotiations have concluded to modernise the EU’s Global Agreement with Mexico, following political engagement between Commissioner for Trade and Economic Security Maroš Šefčovič and Mexican Secretary of Economy Marcelo Ebrard. The agreement puts in place an ambitious and modern framework to deepen and […]Economic recovery is losing steam, warns UN labour agency
January 17, 2025 by Leave a Comment
This article is published in association with United Nations. Geopolitical tensions, the rising costs of climate change and unresolved debt issues are putting labour markets under pressure, according to a new report from the International Labour Organization (ILO) published on Thursday. The newly released World Employment and Social Outlook: Trends 2025, sheds light on the deceleration […]Commission calls on Member States to review outbound investments and assess risks to economic security
January 16, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has today published a Recommendation calling on EU Member States to review outbound investments of their companies into non-EU countries. The Recommendation applies to three technology areas of strategic importance as well as the highest risk – semiconductors, artificial intelligence and quantum […]Côte d’Ivoire: Fostering Economic Transformation and Adapting to Climate Change
January 15, 2025 by Leave a Comment
This article is published in association with IMF. Côte d’Ivoire has become a pillar of growth and stability for the region, thanks to its impressive economic resilience and commitment to reform, but efforts to address certain challenges need to be maintained. The Ivoirien economy has performed strongly over the past decade, with GDP growth averaging 6.4 […]European Commission issues €11 billion in its 1st syndicated transaction of 2025
January 15, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €11 billion of EU-Bonds in its 1st syndicated transaction for 2025. The dual-tranche transaction concerned a new €6 billion EU-Bond maturing on 4 July 2028, and a €5 billion tap of the EU-Bond maturing on 5 October 2054. […]Kenya’s Budget Manual: A Crucial Tool for Supporting Budget Credibility
January 14, 2025 by Leave a Comment
This article is published in association with IMF. Institutional memory loss, like its individual counterpart, happens slowly – and then it happens very fast. No finance ministry is exempt from this challenge, but those which address it proactively are better able to build for the future. Clearly written technical manuals play an important role in retaining […]Global growth to remain subdued in 2025 amid uncertainty, UN report warns
January 10, 2025 by Leave a Comment
This article is published in association with United Nations. Global economic growth is projected to remain at 2.8 per cent in 2025, unchanged from this past year, according to a UN flagship report released on Thursday. The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global economic growth […]How Artificial Intelligence Will Affect Asia’s Economies
January 8, 2025 by Leave a Comment
This article is published in association with IMF. Tristan Hennig, Shujaat Khan Asia-Pacific’s economies are likely to experience labor market shifts because of artificial intelligence, with advanced economies being affected more. About half of all jobs in the region’s advanced economies are exposed to AI, compared to only about a quarter in emerging market and developing […]Has New Public Financial Management had its Day?
January 7, 2025 by 1 Comment
This article is published in association with IMF. Julie Cooper, Tim Youngberry New Public Financial Management (NPFM) emerged in the 1980s as a transformative approach to public sector governance, aimed at enhancing efficiency, accountability, and responsiveness. Rooted in principles drawn from private sector management, NPFM promotes results-oriented practices such as performance-based budgeting, measurable outcomes, and decentralized […]Azerbaijan to digitise public administration with €43 million loan from EIB Global
December 30, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank’s global arm (EIB Global) has signed a €43 million loan agreement to develop a digital infrastructure for governmental services. The loan is to state-owned enterprise AzInTelecom LLC, which will use the financing to build two new state-of-the-art data centers. The transaction is […]
