State finance

China has inked an agreement with the New development bank set up by the BRICS approving a 525 million yuan loan for a solar power project in the country, an official statement said.

The increase in local budgets, as compared to the similar period of 2015, amounted about UAH 44 billion, said Prime Minister of Ukraine Volodymyr Groysman on opening the International Mayors Congress "Global Urban Development Trends" on Monday

ADB has appointed Yasuyuki Sawada, a professor at the University of Tokyo’s Graduate School of Economics, as Chief Economist.

ADB in partnership with the Pacific Financial Technical Assistance Centre (PFTAC) is helping Pacific governments better manage their public financial systems.

ADB has released an independent evaluation report that assesses its $5.5 billion program for Sri Lanka in the 10 years to the end of 2015.

On 17 November the EU institutions reached an agreement on the 2017 EU budget. As proposed by the Commission earlier this year, in 2017 the EU will spend more money on making Europe more competitive and more secure.

Tentative data suggest that the economy grew in October, albeit with substantially mixed economic performance across sectors.

The Japan International Cooperation Agency (JICA) signed loan agreements with the Government of the Republic of Senegal in Dakar to provide Japanese ODA loans of up to a total of 35.903 billion yen for assistance for two projects.

An International Monetary Fund (IMF) staff team, led by Ms. Cemile Sancak, visited Lome from October 20 to November 2 to conduct the 2016 Article IV Consultation.

The findings, from the eighth annual PwC Low Carbon Economy Index illustrate how recent progress to decarbonise is in line with national targets set by governments in the lead up to the Paris Summit.