WASHINGTON, December 19, 2025—The World Bank Board of Executive Directors today approved a $50 million project to support Sri Lanka’s digital transformation. The project will promote innovation and investment in Sri Lanka’s digital sector, modernize government services, and make them easier to access and more responsive to the needs of people and busine...
The IMF Executive Board completed the fourth review of the 48-month arrangement under the Extended Fund Facility (EFF) for Ecuador, allowing for an immediate disbursement of about US$630 million (SDR 438.4 million).Program performance continues to be strong. The authorities met all end-October 2025 quantitative performance criteria. They have also made sub...
Participants: Evan PapageorgiouMission Chief for Sri Lanka Martha Tesfaye Woldemichael,Resident Representative for Sri Lanka Moderator:Randa ElnagarSenior Communications Officer TRANSCRIPTMS ELNAGAR:: Good evening, everyone who is joining us from Sri Lanka and Asia and good afternoon to those joining us here in DC. This is the press bri...
At a meeting of the Dispute Settlement Body (DSB) on 19 December, WTO members agreed to a request from the European Union for authorization to impose countermeasures on imported goods from the United States in line with a WTO arbitrator decision in the US-EU ripe olives dispute.NoteThis summary has been prepared by the WTO Secretariat’s Information and Ex...
Assets (EUR millions)BalanceDifference compared with last week due to transactionsTotals/sub-totals may not add up, due to rounding1Gold and gold receivables1,128,57302Claims on non-euro area residents denominated in foreign currency502,1081,8012.1Receivables from the IMF224,8011422.2Balances with banks and security investments, external loans and other ex...
DOWNLOAD PICTUREAfter a nearly two-year-long review of the AIIB’s Project-Affected People’s Mechanism (PPM) Policy the AIIB Board unanimously approved on Dec. 18 a revised PPM Policy. AIIB will now update the PPM Directive and Rules of Procedure accordingly and expects to publish the policy, directive and rules as a package on Jan. 2, 2026.The Compl...
Prudent fiscal policy, vigilant financial oversight, and deeper labor and investment reforms can keep Saudi Arabia’s transformation on trackNext year will be pivotal for Saudi Arabia. The country is well placed to move beyond the favorable tailwinds of 2022–2024— when high oil prices and reform implementation facilitated the acceleration of Saudi Vision...
Chinese Taipei has contributed USD 650,000 in voluntary funding to support APEC initiatives aimed at enhancing regional human security, promoting women’s economic empowerment and reinforcing evidence-based policymaking across the Asia-Pacific region.The contribution was confirmed in a memorandum of understanding signed by Jonathan Chien-Yuan Sun, Chinese ...
(Geneva) – Germany will provide €2.1 million in core voluntary funding to support the work of the International Trade Centre (ITC) throughout 2026 and 2027.This core support is foundational to ITC’s ability to respond swiftly to emerging global challenges and pilot initiatives for future scaling through project-specific funding and strategically allocat...
Jump to the transcript of the questions and answersGood afternoon, the Vice-President and I welcome you to our press conference.The Governing Council today decided to keep the three key ECB interest rates unchanged. Our updated assessment reconfirms that inflation should stabilise at our two per cent target in the medium term.The new Eurosystem staff proje...
