Finance & Economics

IMF Sees Positive Outlook for Sub-Saharan Africa

The near-term outlook for Sub-Saharan Africa (SSA) remains broadly positive, with growth projected to accelerate modestly to around 5½ percent in 2013–14, following a year of strong growth in 2012, the International Monetary Fund (IMF) said today. In...

Despite Wealth of Resources, Africa Lags Economically

“Delivering on Africa’s Promise” is this theme of this year’s World Economic Forum on Africa in Cape Town, where some 1,000 delegates from business, government and non-government organizations gathered to discuss how to improve upon the continent’s...

Croatia: proof of credibility of enlargement

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Money Motivates Weight Loss -- One Step at a Time

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World Bank will deepen partnership with Vietnam to achieve further poverty reduction, says World Bank Vice President

On his first visit to Vietnam as World Bank East Asia and Pacific Regional Vice President, Axel van Trotsenburg congratulated Vietnam’s Prime Minister Nguyen Tan Dung on the country’s impressive success in reducing poverty.

Financial Reporting Critical to Growth in Kosovo

Reforms in accounting and auditing in the Republic of Kosovo need to be continued in order for the alignment with the EU acquis communautaire to succeed, says the new Report on the Observance of Standards and Codes (ROSC) on Accounting and Auditing in...

Australia: Can deliver a growing aid budget effectively and efficiently

Australia delivered USD 5.44 billion in official development assistance (ODA) last year, or 0.36% of its growth national income. It is the eighth most generous country in the OECD’s Development Assistance Committee (DAC), which groups the world’s...

New jobs and business loans empower families in occupied Palestinian territory – UN agency

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A child porter working the busy streets of East Jerusalem.

Trade facilitation agreement would add billions to global economy, says OECD

Multilateral agreement to cut red tape in international trade would dramatically reduce trading costs and add a substantial boost to the global economy, according to new OECD research.

Korea should boost support for laid-off workers

Korea should strengthen its social safety net and improve support for laid-off workers to help them find a new job more quickly, according to a new OECD report.