Friday - December 15, 2017
Federal Independent Agencies

News releases, reports, statements and associated documents from federal independent agencies.

Featured Stories

Uruguay to Consolidate Its Regulatory and Institutional Framework for Investment, Trade and Innovation With Help From IDB
WASHINGTON, Dec. 14 -- The Inter-American Development Bank issued the following news release:

Uruguay will further modernize its regulatory and institutional framework for investment, trade and innovation with the support of a $250 million loan from the Inter-American Development Bank.

The program will support the country's efforts to consolidate a broad, sectoral reform process to modernize the overall framework for encouraging investment and international trade.

The plan aims to deepen the regulatory framework regarding incentives for investment in innovation, skill-building and technological ... Show Full Article

New York Fed And Co-Sponsors Announce Winners Of Second Annual Workforce Development Video Campaign In The Greater Rochester Area
ROCHESTER, New York, Dec. 14 -- The Federal Reserve Bank of New York issued the following news release:

The Federal Reserve Bank of New York, the Rochester Area Community Foundation and RCTV Rochester's Community Media Center announced the finalists and winners of the second annual Leading the Way: A Greater Rochester Workforce Development Video Campaign (https://www.newyorkfed.org/outreach-and-education/workforce-development-video-contest.html) (Leading the Way) during an awards ceremony last night. Leading the Way intends to increase understanding about in-demand industries and the skillsets ... Show Full Article

IMF Staff Completes 2017 Article IV Mission to Mozambique
WASHINGTON, Dec. 14 -- The International Monetary Fund issued the following news release:

* Fiscal consolidation is essential to restore macroeconomic stability, while preserving critical social and infrastructure spending.

* Given larger than expected recent declines in inflation, there is space for faster monetary easing.

* Decisive action to restructure financially-weak state-owned enterprises (SOEs) are important to contain fiscal and financial sector risks.

A staff team from the International Monetary Fund, led by Michel Lazare, visited Mozambique during November 30-December 13, 2017 to ... Show Full Article

IMF Executive Board Concludes 2017 Article IV Consultation With Morocco
WASHINGTON, Dec. 14 -- The International Monetary Fund issued the following news release:

On December 13, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Morocco. [1]

Following last year's drought, economic growth has picked up in 2017 and is expected to reach 4.4 percent, mostly driven by a significant rebound in agricultural activity while non-agricultural activity remains subdued. The unemployment rate increased to 10.6 percent in Q3 2017 (year-on-year) while youth unemployment remains high at 29.3 percent. Headline inflation (year-on-year) ... Show Full Article

IMF Executive Board Concludes 2017 Article IV Consultation With Cyprus
WASHINGTON, Dec. 14 -- The International Monetary Fund issued the following news release:

On December 13, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Cyprus.

The Cypriot economy has achieved an impressive turnaround since the 2012-13 banking crisis. GDP growth has been accelerating for three consecutive years on strong foreign demand, reaching 3.8 percent (year-on-year) during the first nine months of 2017. Rising labor demand has sharply lowered the unemployment rate to 10.3 percent as of September. Emergency liquidity assistance ... Show Full Article

Colombia to Implement Master Plan for Sewerage Upgrade in Mocoa, Colombia With IDB Support
WASHINGTON, Dec. 14 -- The Inter-American Development Bank issued the following news release:

Colombia will undertake a project to implement the first phase of sewage master plan in the municipality of Mocoa with a $30 million loan from the Inter-American Development Bank (IDB).

The project is part of a comprehensive city recovery plan that the government is carrying out and which includes preventive measures needed to avoid a repetition of the tragedy that Mocoa suffered in 2017.

The program aims to boost health and environmental conditions in the urban part of the municipality, where 2,000 ... Show Full Article

Blowdarts, Stomp Dances and Gospel at the National Museum of the American Indian's Muscogee Creek Nation Festival
WASHINGTON, Dec. 14 -- The Smithsonian Institution's National Museum of the American Indian issued the following news release:

The Muscogee Creek Nation, located in Oklahoma, brings traditions old and new to the Smithsonian's National Museum of the American Indian, Nov. 16-18. The three-day event will celebrate the Muscogee Creek Nation's tribal history, heritage and culture with performances, music and other cultural demonstrations.

"This will be the third time we have a presence there," said Chief James R. Floyd of the Muscogee Creek Nation of Oklahoma. "It will be my first time to attend the ... Show Full Article