Finance & Economics | WPN World People News

According to the first issue of the Central African Republic (CAR) on June 19 Economic Update published by the World Bank, the deterioration in security conditions and the humanitarian situation is dampening hopes for a robust economic recovery in the Central African Republic. After peaking at 4.8% in 2015, the growth rate slowed to 4.5% in 2016 and 4.3% in 2017.

The Government of Uganda and the World Bank, on June 19, launched “Closing the potential performance divide in Ugandan agriculture” report that provides an unprecedented review of the structural context of Ugandan agriculture, its main actors, and the trends, opportunities and challenges the sector is facing.

The Chartered Institute of Taxation has commented on the OTS’ publication of its Accounting depreciation or capital allowances? Simplifying tax relief for tangible fixed assets report.

On June 18, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation and completed the third reviews under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements for the Republic of Côte d’Ivoire. Completion of this review enables the disbursement of SDR 96.786 million (about US$136.6 million).

The European economy is growing robustly, helped by accommodative monetary policy, mildly expansionary fiscal policy and the global acceleration. The current economic expansion should be used to speed up implementation of reforms to the euro area architecture and EU policies that would support greater European integration and ensure stronger, more inclusive long-term growth, according to two new reports from the OECD.

On June 13th, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with The Union of the Comoros.

As income inequality has increased since the 1990s, social mobility has stalled, meaning that fewer people at the bottom have moved up while the richest have largely kept their fortunes. This has severe social, economic and political consequences, according to a new OECD report.

The World Bank, on June 18, announced US$130 million in additional support for decentralization in Tunisia, which is putting local governments in charge of addressing the development needs of their communities. The ongoing Urban Development and Local Governance Program has focused on building up the capacities of local governments to manage their own budgets and engage citizens on investment decisions to promote local economic development.

Sweden’s efforts to embrace the shift to digital have been a key driver of economic growth in recent years, yet more needs to be done to get remote areas of the country online, bring digital technology to small firms, upgrade skills and meet security and privacy challenges, according to a new OECD report.

On June 11, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Switzerland.

The economy has adjusted to the large cumulative exchange rate appreciation that took place since the global financial crisis. After a subdued start to 2017, GDP growth accelerated to 1.1 percent last year, and the positive momentum continued in Q1:2018, although at a slightly reduced pace.