Asian countries top OECD’s latest PISA survey on state of global education
Asian countries outperform the rest of the world in the OECD’s latest PISA survey, which evaluates the knowledge and skills of the world’s 15-year-olds.
New York City Police Officer and Criminal Associates Charged with Extorting Queens Restauranteur
A three-count indictment was unsealed in federal court in Brooklyn, New York, charging Redinel Dervishaj, Besnik Llakatura, and Denis Nikolla with Hobbs Act extortion conspiracy, attempted Hobbs Act extortion, and brandishing a firearm in relation to...
IMF Releases Results from 2012 Coordinated Direct Investment Survey
The International Monetary Fund (IMF) released preliminary results from its 2012 Coordinated Direct Investment Survey (CDIS), the Fund’s worldwide survey of bilateral direct investment positions. The survey has been conducted annually since 2009, with...
IMF Executive Board Completes Seventh and Final Review Under the Policy Support Instrument with Rwanda Approves New Three-Year PSI
The Executive Board of the International Monetary Fund (IMF) completed the seventh and final review under Rwanda’s Policy Support Instrument (PSI) and approved a new three-year PSI. In completing the review, the Board approved the authorities’ request...
Vietnam’s Macroeconomic Stability Continues to Improve, Critical Risks Remain
A new World Bank report projects GDP growth in Vietnam to rise modestly to 5.5% by 2015, with macroeconomic stability largely restored. The Taking Stock, launched, also says that the medium-term macroeconomic outlook remains favorable on balance.
New Climate Innovation Center in Ethiopia Transforms Challenges into Business Opportunities
Ethiopia is set to reap the rewards of a new initiative to help local businesses develop and deploy climate friendly technologies that will create thousands of new green jobs. The new Climate Innovation Center (CIC) in Ethiopia was announced through...
Making fiscal decentralisation work
Hundreds of thousands of elected sub-national governments worldwide provide services and levy taxes on residents and companies. The trend towards decentralisation over the past 20 years has increased their capacity to affect the economic and fiscal...
IMF Executive Board Completes Sixth and Final Review Under the ECF Arrangement for Kenya and Approves US$110.2 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) today completed the sixth and final review of Kenya’s economic program supported by a three-year arrangement under the Extended Credit Facility (ECF). The completion of the review enables...
World Bank Supports Ethiopia’s Plan to Transform Education for More Than 21 Million Children
The World Bank’s Board of Executive Directors has approved major financing for Ethiopia to transform the quality of its teaching and learning for more than 21 million children in primary and secondary schools across the country. The impact of such a...
Vietnam’s Workforce Needs New Skills for A Continued Economic Modernization, Says Vietnam Development Report 2014
Cognitive, behavioral and technical skills are required for the Vietnamese workers to meet...
