Finance & Economics

World Bank Pledges $2 Billion to Bangladesh for Climate Smart Growth

World Bank Group President Jim Yong Kim, concluding a two-day trip to Bangladesh focused on the country’s successes in reducing extreme poverty, pledged $2 billion over the next three years in new funding to help the country become less vulnerable to...

Sharon Man Sentenced for Tobacco Tax Fraud and Money Laundering

A Sharon man was sentenced today in U.S. District Court in Boston in connection with illegally selling tobacco products and laundering the proceeds.

Ukrainians to Benefit from Increased Security of Gas Supply and Heating this Winter

The World Bank’s Board of Executive Directors approved today a US$500 million guarantee from the International Bank for Reconstruction and Development (IBRD). This guarantee will help Ukraine’s Naftogaz, the national gas company, secure better...

Czech Republic aid reform paves way for more flexible and innovative development

The Czech Republic has become a more active and transparent development provider since overhauling its aid system and joining the OECD Development Assistance Committee (DAC). It should now focus on making sure its funds and expertise are used as...

Global Cooperation through Carbon Markets Could Cut Climate Mitigation Costs Dramatically: New World Bank Report

Greater cooperation through carbon trading could reduce the cost of climate change mitigation by 32 percent by 2030, according to a new World Bank report released at an international carbon event in Vietnam, on October 18.

World Bank to Increase Support to End Stunting in Bangladesh

On October 17, World Bank Group President Jim Yong Kim said he hopes financial support to Bangladesh to end stunting among its children could increase up to $1 billion over the next three years as he marked End Poverty Day in the country to learn...

Latin America Needs to Improve Access to Opportunities to Win Poverty Fight

In order to win the fight against poverty in Latin America and the Caribbean, children need to have better access to basic opportunities, according to new World Bank data released to mark the International Day of the Eradication of Poverty, on October...

OECD Secretary-General Angel Gurría presents new OECD studies with economic and social recommendations to Peruvian President Pedro Pablo Kuczynski

Economic and social reforms undertaken over the past two decades have driven Peruvian efforts to achieve sustainable economic growth and important reductions in poverty. Against a context of weak global growth, Peru will need to diversify its economy...

August 2016 Euro area international trade in goods surplus €18.4 bn €7.4 bn deficit for EU28

The first estimate for euro area (EA19) exports of goods to the rest of the world in August 2016 was €160.3 billion, an increase of 8% compared with August 2015 (€148.1 bn). Imports from the rest of the world stood at €141.9 bn, a rise of 4% compared...

Consumption of fruit and vegetables in the EU 1 in 7 persons aged 15 or over eats at least 5 portions of fruit or vegetables daily … … while 1 in 3 does not eat any fruit or vegetables every day

Regular consumption of fruit and vegetables is considered as an important element of a healthy and balanced diet. In the European Union (EU) however, slightly more than a third (34.4%) of the population aged 15 or over did not eat them on a daily...