Technology May Ease Skills Gap, Unemployment
Around 350,000 newly unemployed people signed up for financial assistance last week in the United States, which is one reason that the jobless rate remains stuck at a relatively high 8.2 percent.
Rights Groups Demand Audit of Angola’s Finances
Rights groups want officials of the International Monetary Fund to demand an independent audit of Angola’s finances. They say an estimated $41 billion in oil revenues has been unaccounted for in the country during the years 2007 and 2011.
Eurozone at risk of losing additional 4.5 million jobs over next four years – UN warns
An unemployed youth.
EU Throws a Lifeline to Troubled Spanish Banks
Markets were up slightly Tuesday, after European Union finance ministers threw a lifeline to troubled Spanish banks by agreeing to the terms of a bailout. The ministers are back in Brussels later this month to finalize the deal.
IMF Executive Board Completes Fourth Review under the Policy Support Instrument for Tanzania and Approves a US$224.9 Million Precautionary Arrangement under the Standby Credit Facility
The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of Tanzania’s performance under the Policy Support Instrument (PSI) and approved a precautionary 18-month arrangement under the Standby Credit Facility (SCF...
IMF Managing Director Christine Lagarde Calls for Cooperative Response to Crisis, Praises Japan’s Role
Christine Lagarde, Managing Director of the International Monetary Fund (IMF) today said that the continuing global economic crisis needs a stronger cooperative policy response. In this regard, she paid tribute to Japan’s deep support for...
Philippine Economy Makes Gains
When the Philippines committed to loan $1 billion to the International Monetary Fund last month for money aimed at bailing out debt-ridden nations in Europe, the country had another thing to brag about to help boost its image as an emerging player on...
UN food price index registers drop in prices for third consecutive month
Food on sale at a market in Harare, Zimbabwe.
UN proposes mechanisms to raise $400 billion to close gap on development financing needs
Robert Vos of the UN Department of Economic and Social Affairs, launches report at press conference.
WBG Continued to Support Latin America and the Caribbean’s Resilience to Global Turmoil in 2012
The World Bank Group (WBG) committed $11.8 billion in fiscal year 2012 (July 2011 to June 2012) to support Latin America and the Caribbean’s (LAC) resilience in the midst of global turmoil. This includes resources from the International Bank for...
