Finance & Economics

US Targets Web of Companies Accused of Evading Iran Sanctions

The U.S. Treasury Department said on Thursday it has imposed sanctions on an Iranian businessman, a Malaysian bank and a network of companies it accused of attempting to evade international sanctions on Iran through money laundering.

Ending Somali Piracy Will Need On-Shore Solutions and International Support to Rebuild Somalia

Although piracy episodes off the Horn of Africa have fallen in the last 12 months, a new World Bank analysis of its human and economic costs says that “Somalia cannot ‘buy’ its way out of piracy; nor can the international community rely solely on its...

New Budget Cuts Cost of Living Adjustments for US Retirement Fund

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President Obama’s FY 2014 Budget Demonstrates Compromise; Includes Positive Food Aid Reforms

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MIGA Approves new Facility for Conflict-Affected and Fragile Economies

The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, announced Wednesday the Agency’s Board of Directors approved the creation of the Conflict-Affected and Fragile Economies Facility.

Malaysia joins OECD agreement on mutual acceptance of chemical safety data

Malaysia has joined the OECD system for the Mutual Acceptance of Data (MAD) in the Assessment of Chemicals, ensuring that its non-clinical safety data related to the protection of human health and the environment will be accepted by all 40 countries...

Seizing the Opportunity: Jobs and Safety Nets in the Middle East and North Africa

More than half the working-age population of the Middle East and North Africa (MENA) region are neither employed nor in school, and both the share of women not working and the unemployment rate for young people are the highest in the world.

Canada’s World-Class Gaming Industry Attracts New Japanese Investment

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South Sudan Oil Flows Again

South Sudan has resumed oil production, bringing cheers from citizens and a boost to the economy after a halt of more than a year.

Launch of Centers of Excellence for the Management of Land Acquisition, Resettlement, and Rehabilition in South Asia

As part of the Management of Land Acquisition, Resettlement and Rehabilitation (MLARR) Program in South Asia, the World Bank launched on April 9, 2013 two national and one regional centers of excellence in MLARR.