Finance & Economics | WPN World People News

An IMF team led by Mr. Edward Gemayel, visited Bishkek from October 26 to November 8, 2017 to conduct the combined fourth and fifth reviews for the Kyrgyz Republic arrangement under the Extended Credit Facility (ECF).

Pakistan needs accelerated economic reforms to speed up growth, create more jobs and bring more stability by addressing growing fiscal and current account deficits, the World Bank said in a report, on November 9.

On November 8, the Government of Zambia launched its National Financial Inclusion Strategy, as well as its Financial Sector Development Policy, and Financial Capability Survey Report with support from the World Bank Group. The three documents will help strengthen the development of the financial sector in Zambia.

Bread for the World expressed concern that the Tax Cuts and Jobs Act of 2017, introduced in the House of Representatives, will harm low-income families, on November 7.

An International Monetary Fund (IMF) mission, led by James Roaf, visited Belgrade during October 26 – November 7, 2017, to hold discussions on the eighth and final review under Serbia’s precautionary Stand-By Arrangement (SBA) with the IMF.

On October 31, local non-governmental organizations competitively selected to carry out independent policy evaluation of national programs on health and education presented their proposed methodology and design to district and local authorities in Ulaanbaatar City, as well as sector representatives.

On November 7, the European Commission awarded the 2017 European Capital of Innovation (iCapital) prize of €1,000,000 to Paris (France).

An International Monetary Fund (IMF) staff team led by Nicolas Blancher visited Morocco from October 25 to November 7, 2017 to conduct discussions with the Moroccan authorities on the 2017 Article IV consultation, as well as on the third review under the Precautionary and Liquidity Line (PLL) arrangement approved in July 2016.

Growing restrictions imposed on foreign banks operating in developing countries since the 2007/9 global financial crisis are hampering better growth prospects by limiting the flow of much-needed financing to firms and households, a World Bank report warned on Tuesday.

Tanzania needs to urgently improve the management of its water resources if it is to avoid them becoming a brake on the country’s development progress, according to a new World Bank report.