Finance & Economics | WPN World People News

Ending child marriage today could generate $3 billion per year for Uganda by 2030, says a new report published by the World Bank, on December 5. In contrast, the perpetuation of child marriage would lead to lower educational attainment for girls and their children, higher population growth, substantial health risks, higher intimate partner violence, and lower earnings for women, as well as higher poverty.

A rebounding agricultural sector and improving efficiency in liquefied natural gas (LNG) production are recent highlights of the PNG economy, according to new report released by the World Bank on December 5. Nonetheless, growth slowed in 2017 owing to necessary public spending adjustments, coupled with foreign currency shortages.

Landings of wild-caught fish in OECD countries are 40% below their late 1980s peak and continue to decline, while aquaculture production has been increasing at an annual rate of 2.1% since 2011, according to a new OECD report.

On December 1st, the Executive Board of the International Monetary Fund (IMF) completed the first review of the arrangement under the Extended Credit Facility (ECF) for Benin. Completion of the review enables the disbursement of SDR15.917 million (about US22.58 million), bringing total disbursements under the arrangement to SDR31.834 million (about US$45.16 million).

The countries of developing East Asia and Pacific – among the most successful in the world in reducing poverty and improving living standards – need to adopt a new thinking if they are to achieve inclusive growth going forward, says a new World Bank report.

The conference, which took place on 27-28 November 2017 in Budapest, was organised by the European Economic and Social Committee (EESC), with the support of the Hungarian Economic Association and the Hungarian Ministry for Human Resources.

Expanding Indonesia’s middle class can help boost economic growth and broaden prosperity. This is a key message emerging from two new World Bank reports on the middle class in East Asia and Indonesia that were discussed in Jakarta, on December 4th.

Countries across Latin America and the Caribbean (LAC) have made major progress in reducing poverty and inequality, but frequent natural and man-made shocks threaten to drive many people back into poverty unless efforts to mitigate and manage risks are stepped up, according to a new World Bank report.

The Russian economy has returned to modest growth – amidst positive global growth, a recovery in trade, rising oil prices, and growing macroeconomic stability – according to the World Bank’s latest Russia Economic Report (no. 38 in the series), launched in Moscow, on November 29.