Finance & Economics

Apparel Manufacturing has Potential to Create 1.2 Million New Jobs, says World Bank Report

At a time when nearly one million people are expected to enter the workforce every month for the next three decades, export-oriented apparel production in India and other South Asian countries has the potential to create more and better jobs, says a...

Interest rates: final vote to ensure robust and transparent benchmark setting

Benchmark interest rates that are critical to financial market stability across Europe, such as the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR), will become more reliable thanks to a new law voted in by...

Unleashing Productivity and Employment Growth in Belarus

Recession in Russia and low commodity prices have had a major impact on Belarus’s economy. The economy is expected to contract by 3 percent in 2016 and by 1 percent in 2017 as the external shocks have an enduring impact on the economy. While current...

Eliminating technical and administrative obstacles to boost European railways

Rules designed to reduce the technical obstacles that differing national standards and procedures create for rail operators and rolling stock manufacturers were approved by the European Parliament on Thursday. The rules agreed by Parliament and...

World Bank Report Urges Caution in Deep Sea Mining in the Pacific

A new World Bank report recommends that Pacific Island countries supporting or considering deep sea mining activities proceed with a high degree of caution to avoid irreversible damage to the ecosystem, and ensure that appropriate social and...

World Bank Report Urges Caution in Deep Sea Mining in the Pacific

A new World Bank report recommends that Pacific Island countries supporting or considering deep sea mining activities proceed with a high degree of caution to avoid irreversible damage to the ecosystem, and ensure that appropriate social and...

OECD study finds Britons will be paying a heavy “Brexit tax” for many years if UK leaves EU

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World Bank Boosts Support for Sustainable Forest Landscapes in Liberia

The World Bank and the Government of Liberia signed on April 27 a US$36.7 million grant from the Government of Norway to support the country’s efforts to improve the integrated management of targeted forest landscapes and increase the sharing of...

World Bank Supports Quality Improvement of Labor Force in Uzbekistan

The World Bank’s Board of Executive Directors on April 27 approved International Development Association credit in the amount of US$42.2 million for the Modernizing Higher Education Project.

Argentina must seize chance to fight corruption

The OECD Working Group on Bribery in International Transactions has repeatedly over 15 years urged Argentina to strengthen its efforts to fight corruption and foreign bribery. During that time, the Working Group has recommended that Argentina change...