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. […]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 […]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 […]€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 […]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 […]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 […]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 […]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 […]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 […]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 […]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, […]Global Inflationary Episode Offers Lessons for Monetary Policy
October 17, 2024 by Leave a Comment
This article is published in association with IMF. Jorge Alvarez, Alberto Musso, Jean-Marc Natal, Sebastian Wende The inflation surge followed a unique disruption to the global economy, but it still offers important lessons for central banks The inflation surge over the past three years followed a unique disruption to the global economy. Pandemic lockdowns initially tilted […]Contraception: The Key to Empowering Women and Driving Economic Growth in Low-Income Nations
October 16, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Sadia Khalid, a dedicated professional with an extensive academic background, holding an MBBS and an MD degree. 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 […]Team Europe launches new funding envelope to support economic growth in African, Caribbean and Pacific countries
October 15, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB Global) has signed agreements with seven EU Member States pledging just over €74 million to a new envelope under the ACP Trust Fund. This funding will promote inclusive and sustainable economic growth and human development, especially in least developed countries and fragile states in Africa, the […]Morocco: EIB, the EU bank, commits €1 billion to rebuild infrastructure following Al Haouz earthquake
October 14, 2024 by Leave a Comment
This article is published in association with European Investment Bank. On 10 October 2024, the European Investment Bank (EIB) announced the signing of an agreement with the Moroccan Ministry of Economy and Finance, in the presence of representatives of the Ministry of National Education, Pre-School and Sport, the Infrastructure and Water Ministry, and the Health Ministry, […]Empowering Women: The Essential Link Between Access to Contraception and Economic Prosperity in Low-Income Nations
October 10, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Arwa Alsadig Yaseen, a dedicated advocate for women’s rights and reproductive health. 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 […]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 […]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 […]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 […]
