Finance & Economics | WPN World People News

Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday.

The EU has provided a EUR 11.3m grant to help improve the living and working conditions of landfill site workers, half of whom are women

The project – which will also contribute to combating climate change – is supported by the EIB, which has provided a EUR 42.2m loan

A memorandum of understanding between the World Bank and Ulaanbaatar city was signed to facilitate cooperation on the management and planning of municipal transport assets, on June 5, as part of the city’s efforts to make its transport infrastructure more resilient to the impact of climate change.

A memorandum of understanding between the World Bank and Ulaanbaatar city, on June 5, was signed to facilitate cooperation on the management and planning of municipal transport assets, as part of the city’s efforts to make its transport infrastructure more resilient to the impact of climate change.

In the face of a struggling economy, repeated conflicts and ongoing fragility, the World Bank has launched two new projects in the Palestinian territories aimed at boosting the digital economy and mobilizing domestic resources for development as sources of much needed opportunities, especially for young men and women.

On May 21, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Thailand.

A cyclical recovery is underway in Thailand but has yet to become broad based. GDP growth is estimated at 3.9 percent in 2017, boosted by strong tourism services and manufacturing exports.

Samoa’s economy has shown resilience and continues to perform well. Growth remained robust at 2.5 percent in 2016/17, driven by commerce, services and agriculture. Inflation picked up to 1.3 percent in 2016/17, compared to close to zero in the previous year, but remains well below the authorities’ target of 3 percent. The current account deficit narrowed to 2.3 percent, driven by temporary factors.

On June 1, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fourth review of Sri Lanka’s economic performance under the program supported by a three-year Extended Arrangement under the Extended Fund Facility (EFF) arrangement.

On June 1, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fifth review of Guinea-Bissau’s performance under an economic program supported by an Extended Credit Facility (ECF) arrangement. The completion of the review enables the release of SDR3.028 million (about US$4.3 million), bringing total disbursements under the arrangement to SDR17.04 million (about US$24.2 million).

The OECD took steps to deepen its engagement with Thailand, South Africa and Peru during the Organisation’s annual Ministerial Meeting and announced it will open an office in Istanbul to provide a base for its growing work with partner countries.