Finance & Economics | WPN World People News

An International Monetary Fund (IMF) team led by Mohamad Elhage visited Nairobi, Kenya during December 5-11 to hold discussions with the Somali authorities on the 2017 Article IV Consultation and the first review of the Staff Monitored Program (SMP).

OECD Secretary-General Angel Gurría, on December 12, announcedy at the One Planet Summit in Paris the launch of the “Paris Collaborative on Green Budgeting”, a strategic initiative to assess and drive the alignment of national budgetary processes with the Paris Agreement and other environmental goals.

A team from the International Monetary Fund (IMF), led by Mauricio Villafuerte, visited Tanzania from November 30 to December 12, 2017 and held discussions on the seventh review under the Policy Support Instrument (PSI) program that was approved on July 16, 2014 and on the macroeconomic policies and structural reforms that could underpin a successor arrangement.

EFSI, which has helped economic recovery since 2015, was prolonged until 2020 and had more money allocated to it, in a plenary vote on Tuesday.

For the first time, the OSCE Head of Mission Bruce G. Berton, United States Ambassador Maureen Cormack, and the Head of European Union Delegation and EU Special Representative Ambassador Lars-Gunnar Wigemark jointly addressed the Conference of Education Ministers in Bosnia and Herzegovina (BiH) in Sarajevo, on Decemberj 12.

Corruption facilitates some of the most important global threats of our time, such as terrorism, climate change and the refugee crisis. It’s vital that we ramp up our fight to contain this threat to our economies and societies.

An International Monetary Fund (IMF) staff team led by Mr. Geremia Palomba, IMF Mission Chief for Namibia, visited Windhoek during November 30-December 12, 2017 to conduct the 2017 Article IV Consultation with Namibia.

Stronger domestic demand, robust export-oriented manufacturing, and a gradual recovery of the agriculture sector, are driving Vietnam’s economy, which expanded by 6.4 percent during the first nine months of the year compared to the same period last year, says a new World Bank report. The manufacturing and services sector respectively grew by 12.8 percent and 7.3 percent during the same period.

Continued economic growth, forecasted at 6.7 percent for 2017, can help Lao PDR further reduce poverty, which is projected to decline to 13 percent in 2017, according to the latest edition of the World Bank’s Lao Economic Monitor, released on December 11th.

On 11 December, development ministers discussed and adopted conclusions on the updated strategy on aid for trade, as presented in the Commission communication of November 2017 "Achieving prosperity through trade and investment: updating the 2007 joint EU strategy on aid for trade".