World Bank

The government nominated on Wednesday the Governor of the Bulgarian National Bank (BNB) Dimitar Radev as Governor for Bulgaria in the International Monetary Fund (IMF).

China's parliament ratified an agreement with the world's largest emerging nations on July 1 to create a new development bank, state news agency Xinhua reported. 

The New Development Bank, also known as the BRICS Bank, is one of two international development banks that China is promoting as an alternative to western institutions such as the World Bank. 

A speeding up of the insolvency lawsuit procedures, providing of correct law implementation, improvement of the mechanisms of dealing with corruption and an improvement in the monitoring of the judiciary are all among the main recommendations of the World Bank to Bulgaria.

The information has been presented at a news conference as a part of the report on the country's productivity.

The World Bank Group's Board of Executive Directors has endorsed the Country Partnership Framework (CPF) for Serbia.

It proposes allocating a total of USD 2.2 billion to the country over the next five years, the WB said.

The World Bank Group is allocating USD 1.2 B to Albania under the 2015-2019 Country Partnership Framework (CPF), the international institution has announced.

This is a substantial share of its GDP, which amounted to about USD 13.6 B in 2014 according to national statistics.

April is the best time to see Washington D.C., when the cherry blossom herald the blooming spring and the weather is perfect for strolls along the Potomac river. Wait a few weeks, and the scorching heat and swampy humidity will suffocate you. Thankfully, the International Monetary Fund (IMF) and the World Bank hold their spring meetings in April.

A sluggish global economy, the Greek debt crisis and continuing fallout of the Ebola epidemic will take focus beginning April 16 when top finance officials gather for the World Bank and IMF Spring meetings.
      

The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution.

Economist wonders why govt. hasn't published IMF documents

BELGRADE -- Economist Stojan Stamenkovic says it is unclear why the Serbian government has not published the content of the agreement it recently reached with the IMF.

Good governance in Romania includes civil society

NGOs have expertise to assist authorities in the battle against corruption, analysts say.

Romania joined the EU in 2007, and is still facing scrutiny from the Union on corruption. [AFP]