Finance & Economics | WPN World People News

Sustained economic growth in Georgia over the past two decades has helped reduce poverty and boost shared prosperity, with job creation playing a significant role. At the same time, however, job creation is not keeping pace with economic growth, says a new World Bank report, Georgia at Work: Assessing the Jobs Landscape.

The Executive Board of the International Monetary Fund (IMF), on May 25, approved a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent to SDR 7.848 billion (about US$11.4 billion) and canceled the previous arrangement in the amount of SDR 8.18 billion. The Colombian authorities stated their intention to treat the arrangement as precautionary.

An International Monetary Fund (IMF) team, led by Mr. Joong Shik Kang, visited Majuro from May 15 to 25 to conduct the 2018 Article IV Consultation.

Plastic recycling is failing to reach its full potential as low recovery rates of plastic waste, poor quality of recycled plastic and a lack of price incentives are holding back secondary plastic markets, according to a new OECD report. Given rising public concern over plastic pollution, governments should act urgently to encourage more and better recycling, it says.

Commissioner in charge of competition policy, Margrethe Vestager, said: "All companies doing business in Europe have to respect European rules on competition, no matter where they are from. On May 24, the decision removes obstacles created by Gazprom, which stand in the way of the free flow of gas in Central and Eastern Europe.

On May 22, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Estonia, and considered and endorsed the staff appraisal without a meeting.

On May 24, the Commission has adopted a decision imposing on Gazprom a set of obligations. These obligations will significantly change the way Gazprom operates in Central and Eastern European gas markets. To the benefit of millions of European consumers who rely on gas to heat their homes and cook their food. And to the benefit of European businesses that rely on gas for production.

The Executive Board of the International Monetary Fund (IMF), on May 24, endorsed a proposal on the use of the Core Principles for Islamic Finance Regulation (CPIFR), which were developed by the Islamic Financial Services Board (IFSB) with the participation of the Secretariat of the Basel Committee on Banking Supervision.

The Executive Board of the International Monetary Fund (IMF), on May 24, endorsed a proposal on the use of the Core Principles for Islamic Finance Regulation (CPIFR), which were developed by the Islamic Financial Services Board (IFSB) with the participation of the Secretariat of the Basel Committee on Banking Supervision.

The Executive Board of the International Monetary Fund (IMF), on May 24, endorsed a proposal on the use of the Core Principles for Islamic Finance Regulation (CPIFR), which were developed by the Islamic Financial Services Board (IFSB) with the participation of the Secretariat of the Basel Committee on Banking Supervision.