Finance & Economics | WPN World People News

Minister of Regional Development and European Union (EU) Funds, Gabrijela Žalac, and World Bank Country Manager for Croatia, Elisabetta Capannelli, on May 11, signed a technical assistance reimbursable advisory services (RAS) agreement to support the preparation of the 2030 National Development Strategy (NDS) and the establishment of a new strategic planning system for Croatia.

President Donald Trump says he is looking for a way to let a Chinese technology firm "get back into business fast" after a U.S. trade ruling severely crippled the company.

A staff team from the International Monetary Fund (IMF), led by Mr. Michel Lazare, visited Dakar from April 26 to May 11, 2018 and engaged in discussions as part of the sixth review of the IMF’s Policy Support Instrument (PSI) approved in June 2015.

Armenia has given its green light to the first large-scale solar power plant in the history of the country. The Government has issued the letter of award to a consortium of Fotowatio Renewable Venture B.V.(FRV) and FSL Solar of the Masrik-1 55 MW solar power plant, the first competitively-tendered Independent Power Project (IPP) in Armenia. The consortium led by FRV won the bid with the lowest tariff at $c4.19/kWh among five pre-qualified bidders.

Public Procurement specialists from across Europe and Central Asia met this week to share experiences and best-practices in reforming public procurement, with a special focus on innovative procurement systems that can support national development priorities.

Economic growth in Cambodia remains robust and is projected to accelerate slightly to 6.9 percent in 2018, compared with 6.8 percent in 2017, buoyed by a rebound in textile and apparel exports as well as tourism and agriculture, says a new World Bank report.

The World Bank Country Manager for Bulgaria, Czech Republic and Slovakia, Tony Thompson, and Dipl. Eng. Doncho Atanasov, Chair of the Management Board of the Road Infrastructure Agency of Bulgaria, sign the contract for reimbursable advisory service.

An International Monetary Fund (IMF) staff team, led by Jaroslaw Wieczorek, visited Banjul from May 3–9, 2018. The team assessed implementation of The Gambia’s Staff-Monitored Program (SMP) with the International Monetary Fund (IMF) from end-September 2017 to end-March 2018.

Generations of poor people in developing countries are trapped in a cycle of poverty determined by their circumstance at birth and unable to ascend the economic ladder due to inequality of opportunity, says the World Bank Group’s ‘Fair Progress? Economic Mobility across Generations Around the World’ report, released on May 9.

An International Monetary Fund (IMF) team led by Mr. Samir Jahjah held program discussions with the Central African Republic authorities on the fourth review of the program supported by an Extended Credit Facility (ECF). Discussions took place during the 2018 Spring Meetings of the IMF and World Bank (WB) in Washington, D.C. and were completed, from May 4–11, in Paris.