Africa: making growth more inclusive hinges on unlocking potential of local economies
Projected workforce growth in sub-Saharan Africa, North Africa, China, India, Europe and the United States, 2010-50...
EU boosts assistance for the Sahel to increase resilience
The European Commission is providing assistance worth €34 million for immediate food aid for the most vulnerable people in Mauritania, Senegal, Gambia, Mali, Niger, Chad and Burkina Faso. Coming at the start of the lean season in the Sahel region,...
Number of young people not in work or education in England falls to 10 year low
UK official figures released on 21 May 2015 show that the proportion of 16 to 24 year olds recorded as NEET in January to March 2015 fell annually and is now at the lowest comparable rate since records began in 2001.
Insolvency: throwing a lifeline to struggling companies
Struggling companies will be given a second chance to improve their financial situation under new rules on insolvency approved by MEPs on 20 May. Every year 1.7 million jobs are lost in the EU due to companies going bankrupt. Under the new legislation...
Gaza Economy on the Verge of Collapse, Youth Unemployment Highest in the Region at 60 Percent
Blockades, war and poor governance have strangled Gaza's economy and the unemployment rate is now the highest in the world according to the latest World Bank economic update. The report will be presented to the Ad Hoc Liaison Committee (AHLC), a forum...
European Union and International Monetary Fund sign a new Framework Administrative Agreement for Capacity Development Cooperation
The European Commission, (EC) on behalf of the European Union (EU), and the International Monetary Fund (IMF) have signed a new Framework Administrative Agreement that allows the two organizations to continue their close and fruitful cooperation in...
Improving job quality and reducing gender gaps are essential to tackling growing inequality
Income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies. The richest 10 per cent of the population in the OECD now earn 9.6 times the income of the poorest 10 per cent, up from 7:1...
New US$2.73 Million Grant to Support Income Opportunities for Youth and Women in Djibouti
The World Bank on Wednesday announced the signing of a US$2.73 million grant for a new employment promotion program for youth and women in Djibouti. The program is expected to reach over 3000 beneficiaries in the poorest areas of Djibouti, providing...
Statement by the European Commission, the ECB and the IMF on Cyprus
Following the recent visit to Nicosia by teams from the International Monetary Fund (IMF) and the European Commission (EC), in liaison with the European Central Bank (ECB), to review Cyprus's economic reform program, staff-level agreement has been...
IMF Executive Board Approves Three-Year US$69.7 Million Under ECF for Haiti
The Executive Board of the International Monetary Fund (IMF) approved a three-year SDR 49.14 million (about US$69.7 million, 60 percent of quota) arrangement under the Extended Credit Facility (ECF) for Haiti on Monday, May 18, 2015. The approval...
