Finance & Economics | WPN World People News

Kenya’s GDP growth is projected to recover to 5.5% in 2018 up from an estimated 4.8% in 2017. Over the medium term, economic activity is expected to gain momentum, steadily rising to 6.1% by 2020, according to the World Bank’s 17th Kenya Economic Update (KEU) launched in Nairobi, on April 11.

An International Monetary Fund (IMF) staff team led by Christoph A. Klingen visited Niamey from March 28 to April 10, 2018 to conduct discussions on the second review of the program supported by the Extended Credit Facility (ECF) arrangement. [1] Niger’s program was approved by the IMF Board on January 23, 2017.

In an environment of accelerating but still modest growth, government policies that stimulate competition and create the fiscal space needed to build a skilled labor force from the poor population of South Africa, would create jobs and help reduce inequality, according to the South Africa Economic Update released by the World Bank on April 10.

An International Monetary Fund (IMF) staff team led by Ivohasina Razafimahefa visited Togo from March 27-April 10, 2018, to conduct discussions on the second review of the program supported by an Extended Credit Facility (ECF) that was approved in May 2017.

Thailand’s economy is expected to grow by 4.1 percent in 2018, the fastest pace since 2012, says the latest edition of the World Bank’s Thailand Economic Monitor. Thailand’s economic recovery is broadening in 2018. While rapid export growth continues fueling the economy, an increase in capacity utilization and acceleration in capital goods imports suggest a nascent domestic demand recovery as well. Regulatory reforms and overall policy stability are contributing to continuing improvements in business sentiment.

Thailand has made impressive economic and social progress over the past several decades, but must now take further steps to transform its economy and ensure that prosperity is shared more equally across the country, according to a new report from the Organisation for Economic Co-operation and Development.

With Mindanao accounting a third of the Philippines’ poor – but only a quarter of its population, unlocking Mindanao’s potential is critical in bringing down poverty in the entire country, says a new report launched by the World Bank on April 6th, the Mindanao Development Authority (MinDA), and the Philippine Business for Social Progress (PBSP).