Finance & Economics

US Jobless Claims Rise

The number of people signing up for unemployment assistance in the United States rose 28,000 last week to a total of 385,000.

UK new skills strategy heralds £214 million investment and stronger intervention to tackle poor performance

The UK government’s new skills strategy, Rigour and Responsiveness in Skills, includes stronger action to support the majority of good and outstanding colleges, and new plans to intervene where colleges are failing learners.

February 2013 compared with January 2013 Industrial producer prices up by 0.2% in euro area Up by 0.4% in EU27

In February 2013, compared with January 2013, the industrial producer price index1 rose by 0.2% in the euro area2 (EA17) and by 0.4% in the EU272, according to estimates from Eurostat, the statistical office of the European Union. In January3 prices...

IMF Reaches Staff-Level Agreement with Cyprus on a €1 Billion Extended Fund Facility Arrangement

The Cypriot authorities have put forward an ambitious, multi-year reform program to address the economic challenges they face. The overarching goals are to stabilize the financial system, achieve fiscal sustainability, and support the recovery of...

World Bank Grant Supports Employment Creation for Yemen’s Neediest Youth and Women

Unemployment rates among young people in Yemen can reach as high as 40 percent and a new World Bank project is designed to help by providing work opportunities for unemployed youth and women and improving access to basic social services in poor...

World Bank Group President Calls for a World Free of Poverty

Calling for ambitious new goals to help the most vulnerable, World Bank Group President Jim Yong Kim Tuesday outlined a bold agenda for the global community toward ending extreme poverty by 2030 and promoting shared prosperity to boost the incomes of...

Government and World Bank Hold Joint Portfolio Review to Increase Disbursements and Achieve Greater Development Impact

The disbursement of the World Bank financing for Annual Development Program has witnessed an upward trend in the last four years.

World Bank Approves GEF and PPCR-supported Project to Help Communities in Tajikistan Adopt Sustainable Natural Resource Management Practices and Adapt to Climate Change Risks

The World Bank Board of Executive Directors on Friday approved a US$14.85 million grant for the Tajikistan Environmental Land Management and Rural Livelihoods Project, which aims to support more sustainable management of natural resources and increase...

African Leaders Discuss Democracy, Investment with Obama

It was in front of a crowd of hundreds that leaders of Malawi, Sierra Leone, Senegal, and Cape Verde spoke about the big gains their countries have made in the last few years. For the president of Malawi, Joyce Banda, the hardest thing was restoring...

US Business, Labor Agree on Immigration Deal

U.S. officials say big business and labor have reached an agreement on a low-skilled guest-worker program, creating a pathway to citizenship for 11 million illegal immigrants.