Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘central asia’

As Hunger Grips Syrian Families, European Commission Boosts Support For WFP

Posted by fidest press agency su domenica, 18 ottobre 2015

syrian civil warBRUSSELS – As half the population of Syria struggle to meet their food needs, the United Nations World Food Programme (WFP) welcomes a contribution of €30 million from the European Commission’s Humanitarian Aid and Civil Protection department (ECHO) to its emergency food assistance in Syria. “This contribution comes at a very critical time. WFP supports more than 4.25 million people in need inside Syria, including families who are preparing for another harsh winter,” said Muhannad Hadi, WFP’s Regional Director for the Middle East, North Africa, Central Asia and Eastern Europe.WFP was forced to reduce the size of the food rations it provides to families inside Syria by up to 25 percent this year. Some 10 million people in the country face food insecurity.In 2015, the overall EC contributions to the Syria crisis response amount to €36 million (€30 million for Syria and €6 million for Syrian refugees). Since 2012, the overall EC contributions to WFP’s Syria crisis operations amount to over €240 million (US$272 million).“We count on Europe at this time. Syrians are becoming ever more desperate. They have exhausted all their resources and are losing hope for the future,” said Hadi. “They should not have to worry about hunger, too.”WFP depends entirely on voluntary contributions. It has to raise US$25 million every week to meet the basic food needs of people affected by the Syrian conflict.New donor contributions in recent weeks mean that WFP has been able to increase the value of assistance it provides to extremely vulnerable Syrian refugees in neighbouring Jordan and Lebanon to an average of US$21 per person per month. This is 80 percent of what WFP estimates people need.WFP has also been able to restore assistance to 229,000 vulnerable refugees in Jordan following a suspension in September of their electronic vouchers used to purchase food. WFP will upload US$14 per person in October for this group of refugees.“We call all donors to step up their support to millions of Syrians who could fall victim to hunger this winter,” Hadi saidAt current levels of support, WFP can assist Syrian refugees until January 2016. Beyond that, WFP will not be able to continue to provide regular food assistance to the most vulnerable Syrians without additional funding.

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World Bank loan assists FYR Macedonia in better access to skills, knowledge, and technology

Posted by fidest press agency su giovedì, 30 gennaio 2014

World_BankWASHINGTON The World Bank Board of Directors today approved the Skills Development and Innovation Support Project of US$24 million for FYR Macedonia. The Project aims to improve transparency of resource allocation and promote accountability in higher education, enhance the relevance of secondary technical vocational education, and support innovation capacity in FYR Macedonia.“Improving the country’s labor market performance and economic competitiveness will require a more skilled and better educated labor force, as well as increased technology absorption, and diffusion of knowledge and innovation,” explains Tatiana Proskuryakova, World Bank Country Manager for FYR Macedonia. “At the same time, the regulatory, institutional, and financial environment can be strengthened to further promote innovation at the firm level and to improve the commercial application of its academic science and technology assets.”The Project will benefit around 24,000 students and 1,500 teaching and management staff from technical vocational education and training institutions who would receive a new curriculum and practical training facilities, as well as training on management, planning, and process improvement. Students and staff of universities, research institutions, and enterprises will benefit from the implementation of quality assurance mechanisms and financing reform in higher education, and also from grants promoting R&D and innovation.“The project is designed to foster education and skills relevant to the job market, and enhance the country’s innovation capacity,” says Bojana Naceva, Senior Education Specialist in the World Bank’s Europe and Central Asia region and Task Team Leader of the project. “The activities of the firms in Macedonia oriented towards employing a skilled workforce and utilizing innovation are an important source of economic growth and generate related positive externalities, such as social inclusion and shared prosperity.”The Skills Development and Innovation Support Loan is issued by the International Bank for Reconstruction and Development (IBRD), and will cover US$24 million with an 18-year bullet maturity and 5-year grace period.

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Europe and Central Asia Second to OECD in Implementing Good Business Regulatory Practices

Posted by fidest press agency su martedì, 29 ottobre 2013

Washington, D.C., A new World Bank Group report finds that the pace of regulatory reform in Europe and Central Asia remains strong, with 19 economies implementing 65 reforms to improve business regulation in the past year.Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises shows that efforts to strengthen legal institutions and reduce the complexity and cost of regulatory processes have paid off for entrepreneurs in Europe and Central Asia. The region has overtaken East Asia and the Pacific as the second most business-friendly after the high-income economies in the Organization for Economic Co-operation and Development (OECD).The report finds that since 2009, 92 percent of economies in Europe and Central Asia have improved their process for starting a business, a higher share than in any other region. Thanks to these efforts, today it is the easiest region for business entry, ahead of the OECD high-income economies. In response to the financial crisis, 73 percent of the region’s economies reformed insolvency proceedings over the same period, and 85 percent made it easier to pay taxes.“Joining the European Union (EU) in 2004 was a great motivator for some economies in the region,” said Augusto Lopez-Claros, Director, Global Indicators and Analysis, World Bank Group. “Our report finds that these economies have continued on a path of comprehensive and ambitious economic and institutional reform even after EU entry, ensuring that they could compete with their more developed high-income partners. Beyond that, the report finds that there is encouraging news across Europe and Central Asia. Of the 20 economies narrowing the gap with better business regulatory practices the most since 2009, nine are in the region: Armenia, Belarus, Georgia, Kosovo, the former Yugoslav Republic of Macedonia, Moldova, Poland, the Russian Federation, and Ukraine.”The Russian Federation was among the global top 10 improvers in the past year, with reforms in five areas tracked by Doing Business. Builders dealing with the permitting process in Moscow now face fewer delays, more streamlined approvals, and lower fees thanks to the adoption of the national urban planning code and a time limit for registering new buildings.Poland continues to make regulations more business-friendly and in this year’s report is at 45 in the global ranking of 189 economies on the ease of doing business. In the past year the government simplified business registration and construction permitting.
Croatia improved in five areas. In the area of trading across borders, for example, the government invested in improvements at the port of Rijeka and streamlined export customs procedures in preparation for accession to the EU Common Transit Convention.Singapore tops the global ranking on the ease of doing business. Joining it on the list of the top 10 economies with the most business-friendly regulations are Hong Kong SAR, China; New Zealand; the United States; Denmark; Malaysia; the Republic of Korea; Georgia; Norway; and the United Kingdom.In addition to the global rankings, every year Doing Business reports the economies that have improved the most on the indicators since the previous year. The 10 economies topping that list this year are (in order of improvement) Ukraine, Rwanda, the Russian Federation, the Philippines, Kosovo, Djibouti, Côte d’Ivoire, Burundi, the former Yugoslav Republic of Macedonia, and Guatemala. Yet challenges persist: five of this year’s top improvers—Burundi, Côte d’Ivoire, Djibouti, the Philippines, and Ukraine—are still in the bottom half of the global ranking on the ease of doing business.

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Rising Chronic Disease and a Gender Gap in Health Take a Growing Toll in Eastern Europe and Central Asia

Posted by fidest press agency su giovedì, 5 settembre 2013

Washington, Men in Eastern Europe and Central Asia are more likely to die prematurely than women, a trend driven by rising levels of chronic diseases connected to alcohol use, poor diets, and smoking.In the region, the number of years of healthy life lost because of ischemic heart disease, or coronary artery disease, increased 18% between 1990 and 2010, cirrhosis 82%, and diabetes 11%. Alcohol use disorders also increased by 11% and cause more early deaths and disability than two decades ago.While women saw their mortality rates decline over four decades, men in some age groups have experienced increases in mortality and others have seen little or no progress. For men aged 25 to 29, mortality rates were nearly the same in 2010 as they were in 1970, despite improvements for men globally in this age group. For men aged 45 to 59, mortality rose between 1970 and 2010, and researchers attribute this in large part to rising levels of alcohol use.
Although communicable, newborn, nutritional, and maternal causes have decreased in number, health loss from these diseases still persists in certain countries across the region, such as in Azerbaijan, Kazakhstan, and Kyrgyzstan. “The rapid shifts in disease burden place poor people in low- and middle-income countries at high risk of not having access to appropriate services and incurring payments for health care that push them deeper into poverty,” said Timothy Evans, Director of Health, Nutrition and Population at the World Bank Group. “The data in these new reports are critical inputs to the efforts of policymakers in countries towards universal health coverage that aim to improve the health of their people, communities, and economies.”
The World Bank commissioned the first GBD analysis as part of its World Development Report 1993. Earlier this year, IHME presented GBD 2010 findings in meetings hosted by the World Bank. Bank officials saw how the GBD analysis could be applied to the Bank’s work in specific countries and began working with IHME on six regional reports.
The report also identifies the leading causes of disability in the region. Mental disorders such as depression and anxiety as well as low back pain, neck pain, and other musculoskeletal disorders contributed most to increasing levels of disability throughout Eastern Europe and Central Asia. Murray and his co-authors also call on countries to address the leading risk factors that cause the most disability and premature death. Dietary risks, high blood pressure, alcohol use, smoking, high BMI, and physical inactivity were all leading risk factors that contributed to increasing levels of mortality between 1990 and 2010. Household air pollution, iron deficiency, and suboptimal breast feeding caused the most illness in children.“Each country in Eastern Europe and Central Asia faces unique challenges brought on by changing risk factors,” said Heidi Larson, IHME’s Director of European Initiatives. “For policymakers, it will be critical to use these local data to develop solutions that work for each country while improving health in the region as a whole.”

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World Bank Continues Helping Industrial Enterprises in Uzbekistan Become More Energy Efficient

Posted by fidest press agency su martedì, 30 aprile 2013

WASHINGTON. The World Bank’s Board of Directors today approved a US$100 million credit to the Republic of Uzbekistan as an Additional Financing to the Energy Efficiency Facility for Industrial Enterprises Project (UZEEF). The project is helping improve energy efficiency in the industrial sector resulting in reduction of power and fuel usage, and greenhouse gas emission. The proposed additional credit will co-finance energy efficiency sub-projects in industrial enterprises and ensure transfer of state-of-the-art technologies.Uzbekistan is one of the most energy intensive countries in Eastern Europe and Central Asia and a large carbon dioxide emitter. Reducing energy consumption and conserving energy are top economic priorities of the government. There is a wide consensus that the potential for energy savings is huge through implementation of energy efficiency measures in the industrial sector that uses outdated machinery and equipment. The project’s objective is to improve energy efficiency in industrial enterprises by designing and establishing a financing mechanism for energy saving investments. Improving energy efficiency and reducing energy consumption in industrial enterprises will improve the overall competitiveness of the Uzbek economy, free up scarce energy resources, and reduce greenhouse gas emissions.The original UZEEF project has been successful and it is expected that the credit will be fully disbursed by the end of 2014, about 12 months ahead of original plans. The original project finances sub-projects with estimated energy savings of more than 50,000 MWh. The additional financing would further enhance and scale up the development impact of the project by financing more energy efficiency sub-projects with approximately 200,000 MWh energy saving potential and 400,000 tons of CO2 emissions reduction cumulatively.Two state-owned banks (Asaka Bank and Uzpromstroybank) and a private bank (Hamkorbank) are the financial intermediaries for the project. Although the industrial sector is quite varied, typical energy efficiency investments involve simple replacements or upgrades of boilers, replacement of outdated equipment and machinery, installation of variable speed drives, and the use of wasted heat for power generation. Energy intensive industries, such as metallurgy, chemical, building materials, and the food processing, with a relative high share of energy consumption in total production costs, are particularly good candidates for energy efficient investments.

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World Bank Sees Climate Change Cutting Crop Production in Eastern Europe and Central Asia by over 25 Percent unless Action Is Taken Now

Posted by fidest press agency su venerdì, 5 aprile 2013

WASHINGTON In parts of Eastern Europe and Central Asia, climate change is poised to hamper food production and curb rural incomes over the next decades unless farmers get the help they need through improved water management and irrigation infrastructure, wider access to technology and information, and better land management and farming practices. Although governments throughout the region face rapidly narrowing windows of opportunity to protect farmers from climate change, there are actions that can be taken now to promote a new “climate-smart” approach to agriculture that improves agricultural productivity in today’s climate, while building resilience to climate change and reducing carbon emissions.Defining the policy and investment options available to governments – based on a rigorous evaluation of impacts of climate change on agricultural systems – is the aim of a new book published today by the World Bank, Looking Beyond the Horizon: How Climate Change Impacts and Adaptation Responses Will Reshape Agriculture in Eastern Europe and Central Asia.This new publication distills the experiences of four countries – Albania, Former Yugoslav Republic (FYR) Macedonia, Moldova, and Uzbekistan – that considered the future of their agricultural sectors under a number of climate change scenarios and examined each system’s capacity to cope with weather variability. Through economy-wide modeling of water supply and demand, the analysis found that, in many cases, water availability for irrigation will be severely curtailed by climate change. This will greatly exacerbate the effects of climate change on crops – especially irrigated crops – with potential yield reductions of 20–50 percent by 2050.The book also highlights the customized menu of climate change adaptation options devised by national experts and a World Bank team for each of the four countries. The adaptation options include practical measures such as improvement of crop varieties, investment in irrigation infrastructure, dissemination of timely and reliable weather forecasts to farmers, nutrient management and soil conservation, and livestock health and nutrition.The menus of adaptation options were prioritized for the various agricultural zones of all the countries according to rates of return on investment, acceptability to local farmers, applicability under different climate conditions, and the potential to reduce climate-change inducing greenhouse gas emissions. In several instances, the countries have already begun to put into action some of the recommendations. Within any economy, agriculture is one of the most sensitive sectors to climate change. In Albania, FYR Macedonia, Moldova, and Uzbekistan the risks are even more immediate and important given that the majority of the rural populations depend on agriculture for their livelihoods. The rural poor stand to be disproportionately affected by climate change because of this dependence, and because of their very limited access to the resources needed to adapt to shifting weather patterns. In the case of the four countries that participated in this program, all are projected to experience higher temperatures of 1.5 – 2.0 degrees C by 2050, and, on top of that, rainfall in Albania, FYR Macedonia, and Moldova is expected to decrease. More significantly for farmers in each of the four countries is that temperature increases and rainfall declines are expected to be greater in June to August, critical months for crop production.While the approach to analyzing climate change impacts, assessing adaptive capacity, and determining the costs and benefits of policy options and farm-level responses was tested in four countries in the Europe and Central Asia region, the three authors, Sutton, Srivastava, and James E. Neumann, emphasize that this model is sufficiently flexible – and yet necessarily rigorous – to be undertaken in any country.“We believe it is urgent and central to understand the scope of climate change, its impacts on agriculture, and the possible responses in this region. This study aims to address these concerns by building awareness about climate change in our client countries and to work with them to offer practical climate smart solutions,” said Dina Umali-Deininger, Agriculture and Rural Development Sector Manager in the World Bank’s Europe and Central Asia Region.In fact, in his recent speech at Georgetown University, World Bank Group President Jim Yong Kim called for increased investments in climate-smart agriculture. Complementing this call for climate-smart agriculture, the publication examines the scope for climate change impacts across a wide range of the most important crops in each agricultural area of the four countries and considers future production changes under three increasingly severe climate modeling scenarios. It also maps out clear, concrete adaptation responses to arrest production declines in each crop, from giving farmers access to better meteorological information through to improvements in drainage and irrigation.All four countries that partnered on this initiative have already begun undertaking some of the measures specified in the book, and the model is also now being applied to the agricultural sectors of Armenia, Azerbaijan, and Georgia.

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World Bank Media: Europe and Central Asia

Posted by fidest press agency su sabato, 25 febbraio 2012

The World Bank Group building in Washington, D.C.

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Dushanbe.The Board of Executive Directors of the World Bank has approved additional financing in the amount of 10 million USD for the Tajikistan Land Registration and Cadastre System for Sustainable Agriculture Project. The additional financing of the project will support three major aspects of Tajikistan’s reform agenda for land and immovable property. It will contribute to expanding farmland restructuring and the issuance of land use-rights certificates to farmers, support the development of a cadastral system with spatial data about properties, and develop a set of pilot activities and plans for the development of a future immovable property registration system in Tajikistan. The additional financing will help to create the enabling conditions for private sector-led development in agriculture and other sectors of the economy.Throughout the three years of the project’s extension under the additional financing, actions will be taken to build understanding on how to improve the immovable property registry system by testing and demonstrating the integration of registry and cadastral information and good customer service in selected areas, and supporting analysis and planning for their expansion to the national level. The project will further expand farmland restructuring and issuance of certificates for family farms, and expand the issuance of use rights certificates for other types of immovable property. It will also include support for the activities that complement farmland restructuring and certificate issuance, including information for farmers and other immovable property users. Grants for on-farm irrigation rehabilitation, and environmental land management, also comprise an important aspect of the additional financing. Since its inception in October of 2005, the project has achieved a number of important results. So far, the project has been responsible for the issuance of over 37,500 land use certificates for family and individual farms, out of about 50,000 issued throughout the country. Seven Regional Land and Cadastral Centers have been put into operation, and a geodetic reference network has been developed for use for the legal cadastre system. The project has fostered a number of policy reforms, including initiatives related to farm debt resolution, spatial data availability, and the decentralization of certificate issuance, and has also built awareness of other key land policy issues. The project has also financed 60 grants to Water User Associations to support on-farm irrigation rehabilitation investments on 10,700 ha in 23 districts, involving nearly 23,000 land use certificate shareholders. In addition, over 132,000 people have been educated about the meaning of land use rights and the process of restructuring large government-managed farms into family and individual holdings. The project has also supported a large-scale publicity campaign and technical training.
The Tajikistan Land Registration and Cadastre System Project is currently financed by a 20.39 million USD grant from the International Development Agency (IDA) arm of the World Bank Group, which includes a contribution of 90,000 USD from the Government of Tajikistan, and 330,000 USD worth of contributions from the beneficiaries of the project.
The active portfolio of the World Bank in Tajikistan consists of 15 projects with a net commitment of US$ 212.5 million. The largest share of ongoing portfolio is in agriculture and rural development (31 percent), followed by energy (23 percent), water (17 percent), education (15 percent), health (8 percent), and economic policy and public sector (6 percent).

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Emerging Europe and Central Asian

Posted by fidest press agency su martedì, 25 ottobre 2011

World map depicting Asia

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Eschborn, Countries in Emerging Europe and Central Asia needto reformtheir education and training systems in order to provide the right skills demanded by labor markets, says a newWorld Bank report, Skills, Not Just Diplomas: Managing Education for Results in Eastern Europe and Central Asia. The report will be released on October 25th in Eschborn, Germany, at the 6th World Bank Europe and Central Asia Education Conference. Having skilled workers boosts innovation, competitiveness, labor productivity, and earnings, which are key to ignite and sustain inclusive economic growth in the region.
Three factors jeopardize the quality and relevance of education systems. First, there is too little focus on measuring skills—the ultimate outcomes of the education and training process. Second, schools and local authorities often lack flexibility and freedom to respond to rapidly evolving needs and the local context due to still pervasive centralized management in many countries. Third, countries have struggled to reorganize their school networks in the face of shrinking student cohorts, resulting in misallocation of scarce resources—for example in maintenance of nearly empty schools rather than in restoring the attractiveness of the teaching profession.
The Skills, Not Just Diplomas report analyzes the challenges and opportunities to prepare education and training systems to address this situation, building on cutting-edge policies and successful international experience. The report recommends focusing reform efforts in three main areas:
‘Turn the lights on’—focus more on measuring the skills students and adults have. To improve the quality and relevance of education, some large knowledge gaps need to be filled. For instance, what skills—both, problem-solving, technical and behavioral skills—are students lacking? New surveys are needed to measure the skills of youth and the adult population, and assess what skills firms are looking for. With knowledge on what the gaps are, policies can be designed, for instance, to improve curriculum, teacher training, and career choice.
Enable adaptation—give more flexibility to schools and local authorities. In order to keep up with rapidly evolving labor markets, decision making on how best to organize the instruction process to produce the right skills needs to move from centralized ministries of education to local authorities and schools. They are more attuned to students’ needs and to local context, and thus need more freedom and flexibility to manage budgets, influence courses offered, and select and manage their staff.
pend smarter—address sector inefficiencies. Policymakers can tap budgetary savings by addressing significant inefficiencies in the sector—such as oversized school networks—to restore the attractiveness of the teaching profession, expand early childhood and adult education and training, and measure learning outcomes to systematically inform policy design.
The findings and recommendations of the report are intended to contribute to national debates on the reforms to education and training systems to make them serve the needs of inclusive growth strategies of countries across the region.

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Eurozone Crisis Clouds Recovery In Emerging Europe And Central Asia

Posted by fidest press agency su sabato, 24 settembre 2011

Washington, Economic recovery is underway in the Emerging Europe and Central Asia (ECA) region, but at a slow pace and is at risk from the troubled Eurozone, according to the World Bank at a press briefing during the World Bank/IMF Annual Meetings 2011. According to the briefing, most countries in the region have recovered the output losses suffered during the 2008-9 global economic crisis. In fact, GDP remains below its 2007 level in only eight out of 30 ECA countries. Helped by high commodity prices, the countries farther to the east in the region have done much better since the crisis than those to the west. But ECA’s recovery signals a lower growth gradient than the pre-crisis rates. There has been a noticeable reduction in growth prospects: countries in the region may need to prepare for growth rates that are 2 percentage points of GDP less than what they were before the global crisis.
Unemployment increased significantly during the crisis ― in 2008 it was about 10 percent, while as of about early 2011, the overall unemployment rate for the region is at 13 percent. Meanwhile, youth unemployment remains a particular concern at 27 percent. To address this, governments have been trying to limit the effects of the crisis on labor markets through a wide range of employment programs. Some jobs are returning and unemployment has dropped since the early 2010 peak, with only a few exceptions (Bulgaria, Croatia, Slovenia, Moldova, and Hungary). But the job turnaround will remain gradual even if the economic recovery is sustained. Increases in output per worker are driven by increases in hours worked, but these are still below their pre-crisis levels. Therefore, the room for further increases in productivity and hours worked could delay the recovery in employment.
The global crisis has had a severe negative impact on public finances. During pre-crisis times, structural fiscal imbalances were masked by revenue over-performance, as buoyant economies yielded more taxes than governments often expected. During the crisis, there was sharp fiscal deterioration in most countries in the region. Public debt has gone up in many countries, leaving governments less room to counter any economic slowdown than they had in 2007.
The decline in credit to firms and households from pre-crisis levels was sharp, but necessary in some countries. While credit has been slow to recover, there are encouraging signs in most countries in the region. Only five countries in the region are still experiencing contractions in credit.
Given the importance of Greek banks in the Balkans and Italian banks in Central Europe, any problems they have would have direct effects in those countries. Some of the banks most active in emerging Europe ― especially those based in Austria and Sweden ― have limited exposure in Greece, Italy, Ireland, Portugal, and Spain, but interconnectedness on funding markets could result in adverse consequences.
Western European countries are the most important trade partners for most countries in the region, and weaker economic prospects in Europe will dampen their recovery. There are already signs of declines in export demand. Export levels in 2011 were expected to be above those reached in 2008, but recovery of exports has so far been sluggish. Now a slowdown in global activity has increased the downside risks, most sharply for countries with close economic linkages with the Eurozone.
World Bank support reached $6.1 billion this fiscal year, including $5.5 billion from the International Bank for Reconstruction and Development (IBRD) and $650 million from the International Development Association (IDA). Turkey ($1.4 billion), Romania ($1.1 billion), and Poland ($1.1 billion) were the largest borrowers. The sectors receiving the most funding were energy and mining ($1.9 billion), public administration ($1.7 billion), and health and social services ($1.2 billion). Along with funding, the Bank provides over 180 economic and technical reports every year in the Emerging Europe and Central Asia region to inform government reform efforts and prioritize its own financial support. It offers analytical support and encouragement to governments to improve labor market and social security systems and expand selected social safety net programs. The Bank is advising governments on how to fix less efficient public programs and improve social services so that their benefits reach those who need them most.

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Europe and Central Asia Economic Update

Posted by fidest press agency su venerdì, 23 settembre 2011

International Monetary Fund building on Pennsy...

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Washington, Friday, September 23, 2011 DC 1900 Pennsylvania Avenue Briefing Room 3-748 World Bank / IMF Annual Meetings: ‘Europe and Central Asia Economic Update’ press briefing*Growth has returned to the countries of the Emerging Europe and Central Asia (ECA) region. It is slower than before the global crisis, and the current economic instability across the globe is making it less sure. The region’s close economic linkages with the Eurozone present both unique challenges and opportunities, and will affect the region’s short- and long-term growth prospects.

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Europe and Central Asia Economic Update

Posted by fidest press agency su mercoledì, 21 settembre 2011

Washington, DC Friday, September 23, 2011 12:00 pm World Bank / IMF Annual Meetings Briefing Room 3-7481900 Pennsylvania Avenue. Growth has returned to the countries of the Emerging Europe and Central Asia (ECA) region. It is slower than before the global crisis, and the current economic instability across the globe is making it less sure. The region’s close economic linkages with the Eurozone present both unique challenges and opportunities, and will affect the region’s short- and long-term growth prospects.
Press are invited to a briefing on the economic outlook for the Emerging Europe and Central Asia region with Philippe Le Houérou,World Bank Vice-President for Europe and Central Asia, and Indermit Gill, World Bank Chief Economist for Europe and Central Asia. Country Directors from across the region will also be available, post-briefing, for spot one-on-ones.

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