This article is published in association with European Investment Bank. The European Investment Bank (EIB) has provided €55 million in EU guarantee-backed funds under the Ukraine Recovery Programme to reconstruct hospitals, social housing, educational facilities, heating, water and waste systems, and other critical social infrastructure in 2025 and beyond. The funding can be used for any of […]Ukraine: EIB provides €55 million to reconstruct social infrastructure
December 30, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) has provided €55 million in EU guarantee-backed funds under the Ukraine Recovery Programme to reconstruct hospitals, social housing, educational facilities, heating, water and waste systems, and other critical social infrastructure in 2025 and beyond. The funding can be used for any of […]Why Latin America Needs Lower Deficits and Stronger Fiscal Rules
December 27, 2024 by Leave a Comment
This article is published in association with IMF. Public debt in Latin America’s major economies is on pace to average 55 percent of gross domestic product this year, up significantly from 34 percent in 2013 (when the region’s commodity boom ended) and reversing the improvements achieved in the earlier part of this century. The regional figure […]Parliament paves way for the use of EU funds to finance natural disaster recovery
December 18, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. Two new EU laws will offer quick EU funding for recovery measures following natural disasters that have occurred after 1 January 2024. The Regional Emergency Support to Reconstruction (“RESTORE”) proposal allows EU countries to more easily channel European regional development funds (ERDF) and cohesion […]European Commission to issue €90 billion in long-term EU-Bonds in the first half of 2025
December 12, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission intends to issue up to €90 billion of EU Bonds in the first half of 2025 (H1), from January to June 2025. The Commission’s funding plan for H1 2025 continues the 2024 issuance programme, during which the EU raised €138 billion in […]€3 billion of EIB Group financing announced for farmers and bioeconomy
December 11, 2024 by Leave a Comment
This article is published in association with European Investment Bank. European Investment Bank (EIB) Group President Nadia Calviño has announced a €3 billion financing package for agriculture, forestry and fisheries across Europe along with moves to bolster farm insurance. The EIB Group loans will be matched by other participating financial institutions, unlocking close to €8.4 billion […]Poverty, conflict and climate fuel spike in trafficking victims: UN report
December 11, 2024 by Leave a Comment
This article is published in association with United Nations. The number of victims of human trafficking detected globally is rising again after falling off during the COVID-19 pandemic, the UN Office on Drugs and Crime (UNODC) said in its latest report on the issue, covering 156 countries. The 2024 Global Report on Trafficking in Persons reveals […]Central Eastern South Eastern Europe Banks report positive trends in credit demand and supply
December 10, 2024 by Leave a Comment
This article is published in association with European Investment Bank. After a challenging period marked by tight credit conditions, banks in Central Eastern and South-Eastern Europe (CESEE) are reporting increased willingness to lend together with a stronger credit demand from both households and businesses. However, expectations for the upcoming months indicate a slightly more cautious outlook, […]AIF 2024: EIB strengthens support for Africa with record investment and strategic partnerships
December 6, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) announced significant new commitments to drive sustainable development and economic inclusion across Africa at the 2024 Africa Investment Forum (AIF) held in Rabat, Morocco from 4 to 6 December. With €21 billion invested over the past five years, including €8.9 billion in private sector […]Housing’s Unique Role in Lives and Economies Demands Greater Understanding
December 6, 2024 by Leave a Comment
This article is published in association with IMF. Gita Bhatt Wherever I go these days, the conversation inevitably focuses on the rising cost of housing. The concerns span generations, locations, and income levels. Young people may be the most disillusioned as they see their ability to buy or rent diminished just as they plan to start families. The […]Right to Complaint, Grievance Mechanism on Internationally Funded Projects
December 5, 2024 by Leave a Comment
This article is published in association with European Investment Bank. What can local residents do when urban infrastructure projects impact their businesses and homes? How can an indigenous community protect its ancestral lands, affected by the construction of a dam? What rights protect these individuals, and how can they assert them? The grievance mechanisms of eight […]Persistent Fall in Private Borrowing Brings Global Debt Down
December 3, 2024 by Leave a Comment
This article is published in association with IMF. Global debt decreased about one percentage point to 237 percent GDP. The values for 2023 are now available from the just released IMF’s Global Debt Database. Global private debt fell by 2.8 percentage points to 143 percent of GDP, below the 2019 level and more than compensated for the […]Wages are recovering after negative shift in 2022, says UN labour agency
November 29, 2024 by Leave a Comment
This article is published in association with United Nations. Pay packets around the world rose 1.8 per cent in 2023 and continued their positive trajectory in the first half of the year, rising by 2.7 per cent on the back of a strong post-COVID global recovery, the UN International Labour Organization (ILO) said on Thursday. “If […]First European Semester Autumn Package under new economic governance framework sets out path for sound public finances and sustainable and inclusive growth
November 27, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has presented the first European Semester Autumn Package since the ambitious and comprehensive reform of the EU’s new economic governance framework entered into force in April 2024. It is an essential step in delivering on the objectives of the reform to make […]EBRD warns its economies to take care with industrial policies
November 26, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The global resurgence of industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – can yield positive results but need to be designed and implemented with tactical precision, the European Bank for Reconstruction and Development (EBRD) said today. The Bank’s latest […]New Open Finance Guidelines Aim to Spur Financial Inclusion
November 21, 2024 by Leave a Comment
This article is published in association with IMF. Washington, DC – November 20, 2024: A coalition of international organizations today launched high-level guidelines for public authorities seeking to harness open finance to accelerate digital financial services and innovation and increase usage of a broader range of financial products. Alongside investment in digital public infrastructure, and ongoing […]COP29: Circular economy investments deliver social, economic and environmental benefits
November 21, 2024 by Leave a Comment
This article is brought to you in association with EBRD. At the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, Multilateral Development Banks (MDBs) presented their first joint report on the circular economy: “The circular economy in motion”. The report presents 20 detailed case studies from around the world and a variety of areas ranging […]European Commission issues €7 billion in its 10th syndicated transaction of 2024
November 20, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €7 billion of EU Bonds in its 10th syndicated transaction for 2024, €3 billion of which in the form of NextGenerationEU (NGEU) Green Bonds. The dual-tranche transaction concerned a €4 billion tap of the EU Bond maturing on […]EBRD, European Union and United States help Kyiv prepare for winter
November 19, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is extending an unfunded portfolio risk-sharing facility for up to €25 million to Commercial International Bank (CIB) to promote on-lending to small and medium-sized enterprises (SMEs) in Egypt. The EBRD facility will help cover up to 50 per cent of […]EU annual budget 2025: pursuing our political priorities and addressing crises
November 18, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. The Commission welcomes today’s agreement between the European Parliament and the European Council on the annual EU budget 2025. This budget will allow the EU to deliver on its political commitments, starting with the changes agreed in the mid-term revision of the Multiannual Financial […]Coffee, tea and cocoa costs see global food import bill soaring past $2 trillion
November 15, 2024 by Leave a Comment
This article is published in association with United Nations. The global food import bill is projected to exceed $2 trillion in 2024 – fuelled by the rising cost of everyone’s favourite hot drinks – according to the latest Food Outlook released by the Food and Agriculture Organization (FAO) on Thursday. The biannual report, which focuses on […]The Clock is Ticking on Sub-Saharan Africa’s Urgent Job Creation Challenge
November 13, 2024 by Leave a Comment
This article is published in association with IMF. Athene Laws, Faten Saliba, Can Sever, Luc Tucker As the rest of the world grapples with aging populations, Africa’s population is booming. By 2030, half of all new entrants into the global labor force will come from sub-Saharan Africa, requiring the creation of up to 15 million new […]How Property Taxes Can Help Low-Income Countries to Develop
November 12, 2024 by 1 Comment
This article is published in association with IMF. The world’s governments must raise an additional $3 trillion to achieve sustainable and inclusive economic growth goals this decade. The cost in emerging markets equals 4 percent of gross domestic product—and 16 percent for low-income countries. How can countries finance such staggering price tags? Large cities such as […]Italy: New EIB-CDP agreement to provide €1 billion in support for public sector
November 6, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have announced an agreement to strengthen their cooperation to promote public sector investment in key sectors of the Italian economy. Up to €1 billion in new funds will support sustainable regional growth and public sector investment […]Civil Service Reform as an Enabler of Public Financial Management Reform
November 5, 2024 by Leave a Comment
This article is published in association with IMF. Civil service reform and public financial management (PFM) reform are closely intertwined, both vital to improving governance. Strong PFM helps ensure public sector efficiency and transparency, which in turn supports economic growth, improves service delivery, and reduces corruption. Similarly, civil service reform seeks to improve the delivery of […]Upgrading Fiscal Frameworks in Asia-Pacific
October 30, 2024 by Leave a Comment
This article is published in association with IMF. Paulo Medas, Masafumi Yabara Recent years have demonstrated the critical role of fiscal policy in shielding households and the economy from large shocks, but the costs can be large. Many Asia-Pacific countries currently face substantial challenges, including lower growth and the impact of aging and climate change, while […]As Inflation Recedes, Global Economy Needs Policy Triple Pivot
October 28, 2024 by Leave a Comment
This article is published in association with IMF. Growth is projected to hold steady, but amid weakening prospects and rising threats, the world needs a shift in policy gears Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some countries. After […]EU budget for 2025 to focus on research, health, education, and climate action
October 25, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. Parliament demands an EU budget for 2025 that focuses on improving people’s lives, boosting competitiveness, and addressing current challenges. MEPs set the overall level of commitment appropriations for the 2025 draft budget at almost €201 billion, €1.24 billion more than the Commission’s proposal from […]The Socio – Economic impact of family planning in low income Nations
October 25, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Mr. Sotiris Christoforou is a medical student at the University of Cyprus, passionate about global health, development, and medical research. He is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer […]Unlocking Prosperity: How Access to Contraception Fuels Economic Growth and Gender Equality in Low-Income Nations
October 24, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Samaa Tarek Hassan, an MBBS student at Mansoura University, Egypt. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s view on the […]Global Financial Fragilities Mount Despite Rate Cuts and Buoyant Markets
October 23, 2024 by Leave a Comment
This article is published in association with IMF. When it comes to financial stability, the world is facing a split screen of short-term and medium-term factors. The good news is that near-term financial stability risks remain contained. Why? Because the likelihood of a soft landing for the global economy has significantly increased. As inflation continues to […]EBRD, EU partner with ACBA LEASING to support Armenian firms
October 21, 2024 by Leave a Comment
This article is brought to you in association with EBRD. Micro, small and medium-sized enterprises (MSMEs) in Armenia are to benefit from new funding from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU), made available through ACBA LEASING. The EBRD loan of US$ 5 million (€4.6 million) is complemented by the EU with grant […]Support for Economic Reforms Hinges on Communication, Engagement, and Trust
October 21, 2024 by Leave a Comment
This article is published in association with IMF. Effective communication, civic engagement, and earning the public’s trust are the keys to advance pro-growth reforms Silvia Albrizio, Bertrand Gruss, Yu Shi The global economy is stuck in a low-growth gear, largely because of aging populations, weak business investment, and structural frictions that prevent capital and labor from […]UN chief proposes $3.6 billion budget for 2025, highlighting peace, development and reforms
October 17, 2024 by Leave a Comment
This article is published in association with United Nations. The UN Secretary-General on Wednesday presented a $3.6 billion budget proposal for programmes in 2025, highlighting the Organization’s commitment to peace, sustainable development, and human rights initiatives, while advancing key reforms. Outlining his proposal at the General Assembly’s Fifth Committee, the forum for administrative and budgetary matters, […]
