Finance & Economics

Armenia and World Bank Group Renew Country Partnership Framework Focusing on Competitive, Export-led Economy

The World Bank Group (WBG) Board of Executive Directors endorsed the 2019-23 Country Partnership Framework (CPF) for Armenia with around US$ 500 million to support sustainable and inclusive growth and improve living standards in the country, on March...

Further reforms needed for a stronger and more inclusive Argentine economy

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OECD Steel Committee concerned about excess capacity in steel sector

Low growth prospects for the global economy, slowing demand for steel and virtually unchanged steelmaking capacity are driving severe and persistent excess capacity in the steel sector, the OECD Steel Committee said at the end of its meeting. The...

Portugal’s pension system needs to prepare for rapid population ageing

Portugal needs to reform its pensions system to address the challenges of a fast-shrinking workforce and high levels of old-age inequality, according to a new OECD report.

UN launches ‘South-South Galaxy’ knowledge-sharing platform in Buenos Aires

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Flag Raising Ceremony for the Second High Level UN Conference on South-South Cooperation in...

OECD survey reveals many people unhappy with public services and benefits

Many people in OECD countries believe public services and social benefits are inadequate and hard to reach. More than half say they do not receive their fair share of benefits given the taxes they pay, and two-thirds believe others get more than they...

Western Balkans Show Improved Labor Market Performance, but Challenges Remain for Women, Youth and Less Educated Workers

Labor market performance in the Western Balkans continued to improve, albeit at a slower pace than the previous year and despite stronger economic growth in the region. According to the ‘Western Balkans Labor Market Trends 2019” report, on March 19,...

First World Bank Geothermal Investment in the Caribbean for a Greener and Resilient Future

The World Bank’s Board of Executive Directors on March 19, approved US$27 million project to support the construction of a 7 MW small geothermal power plant in the Commonwealth of Dominica, which aims to increase the share of renewables, diversify the...

Countries of South East Europe to Work Together to Unlock the Untapped Economic Potential of the Sava and Drina River Corridors With World Bank Support

Brčko District, hosted an event that brought together leaders, policy makers, and experts from Bosnia and Herzegovina, Croatia, Montenegro, Serbia and Slovenia to discuss the importance of regional cooperation in water management, specifically in the...

World Bank Group Pacific Hub Opens in Suva

The World Bank Group has taken an important step in significantly increasing its presence in the Pacific, with the official opening of a new office in Suva, Fiji, which will serve as a regional hub for the development institution’s work across the...