Finance & Economics | WPN World People News

French President Emmanuel Macron and OECD Secretary-General Angel Gurría opened the OECD’s annual Ministerial Council Meeting with a call for countries to work harder to ensure that multilateral co-operation effectively addresses today’s global challenges.

The EU could protect itself better against unfairly cheap imports and combat environmental or social dumping more effectively, under a law backed by MEPs on Wednesday.

Globally, countries are losing $160 trillion in wealth because of differences in lifetime earnings between women and men. This amounts to an average of $23,620 for each person in the 141 countries studied by the World Bank Group in a new report released on May 30.

An International Monetary Fund (IMF) mission led by Mr. Bikas Joshi visited Manama from April 30–May 15, 2018 to conduct discussions for the 2018 Article IV consultation. The mission will submit a report to IMF management and Executive Board, which is tentatively scheduled to discuss the Article IV Consultation in July 2018.

The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the OECD’s latest Economic Outlook.

The government of Bangladesh, on May 30, signed a $55 million financing agreement with the World Bank to expand renewable energy uses in rural areas.

With solid economic fundamentals, the Philippines is well-placed to speed up poverty reduction. The challenge is to provide more economic opportunities, which would help many more people earn higher and stable incomes.

An International Monetary Fund (IMF) mission, led by Ms. Padamja Khandelwal, visited Dushanbe during May 14−23 to conduct discussions on recent macroeconomic developments and the economic outlook.

The agreement for the Project was signed by Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, Ministry of Finance (center), on behalf of the Government of India; Manju Rajpal, Secretary Finance (Budget), on behalf of the Government of Rajasthan (right); and Hisham Abdo, Acting Country Director, World Bank India, on behalf of the World Bank (left).