Finance & Economics

Global value chains offer opportunities for growth, jobs and development, but more must be done so all countries and firms can participate equally, according to a new OECD-WTO-World Bank Group report

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Joint Vietnam-World Bank Group Study Will Seek Path for Higher Economic Growth

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World Bank Group President Jim Yong Kim at the press conference in Hanoi on July 17, 2014.

World Bank Refocuses its Strategy to Address Economic and Climate-Change Related Vulnerabilities in São Tomé and Príncipe

The World Bank’s Board of Executive Directors launched a new strategy to help the Democratic Republic of São Tomé and Príncipe (STP), implement the country’s Second Poverty Reduction Strategy Paper, agreeing to provide up to $20 million in IDA*...

MEPs urge EU to help 5.3 million young people find decent jobs

The European Parliament called for stronger measures to fight unemployment among young people, including common minimum standards for apprenticeships and decent wages, in a resolution passed on Thursday. EU funding of employment-related programmes...

Employment situation, first quarter 2014, OECD

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Left: Employment rates
Employment as a percentage of
the working-age population
Right:Change in...

IMF Executive Board Concludes 2014 Article IV Consultation with Nepal

On July 3, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Nepal.

IMF Executive Board Approves Three-Year Policy Support Instrument for Tanzania

The Executive Board of the International Monetary Fund (IMF) approved a new three-year Policy Support Instrument (PSI) for Tanzania.1 The IMF recently concluded the final review of the country’s economic performance under a Standby Credit Facility (...

World Bank supports financial sector reforms to increase access to high quality and lower cost financial services for individuals, households, and businesses in Mozambique

The World Bank’s Board of Executive Directors approved a total of US$25 million for the Government of Mozambique (GoM)’s First Programmatic Financial Sector Development Policy Operation (DPO).

European Parliament gives go-ahead for Lithuania to join the euro

Lithuania should join the euro on 1 January 2015, recommends the European Parliament in a resolution voted on Wednesday. This vote is in line with a European Commission recommendation and political backing from EU heads of state or government at the...

World Bank Approves Funds to establish communications links between Eastern DRC and Kinshasa, and increase DRC’s connectivity to the other Great Lakes countries

The World Bank Board of Executive Directors approved a US$92.1 million IDA* grant to support the fifth phase of the Central African Backbone Program (CAB Program) for the Democratic Republic of Congo (DRC). This project will allow the country to...