Finance & Economics | WPN World People News

The report reaffirms the role of the Fund as a flagship demonstration of European solidarity within the limits of its set-up and budgetary availabilities, having helped close to 19,500 workers to adjust to changing trade patterns and consequences of the economic and financial crisis in that period.

An International Monetary Fund (IMF) team led by Ivohasina Razafimahefa visited Lomé during October 23-30, 2017 to conduct discussions on the first review of the program supported by an Extended Credit Facility (ECF) which was approved in May this year.

Economies in Central Asia continued improving their business climate, to create jobs and spur growth, according to the 15th anniversary edition of the World Bank Group’s annual Doing Business 2018: Reforming to Create Jobs report, released on October 31st, 2017.

The Agreement, which was signed on 30 April 2013, replaces the 1993 Agreement on trade and economic cooperation between the European Economic Community and Mongolia.

U.S. President is expected to nominate Federal Reserve Governor Jerome Powell as the next chairman of the central bank, senior administration officials said Monday.

City planning in Bangladesh needs to be done in a more sustainable way so that rapidly urbanizing parts of the country have the necessary infrastructure and services to make them good places to live, the World Bank said on October 28.

An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar from October 18-30, 2017 to conduct discussions on the first and second reviews of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017, in an amount equivalent to SDR 314.5054 million, or about US$434.3 million.

The World Bank released a statement clarifying media reports on World Bank’s position on the management of Yala national park, on October 29.

Growth in sub-Saharan Africa is expected to pick up to 2.6 percent in 2017 from 1.4 percent in 2016, the IMF said in its latest Regional Economic Outlook for Sub-Saharan Africa report. While growth is expected to accelerate further, to 3.4 percent, in 2018, momentum remains weak and growth will likely remain below past trends in 2019.

Following the adoption of Partnership Priorities with Egypt in July 2017, the EU adopted the Single Support Framework (SSF) which sets the priorities and the financial allocation in key strategic areas of bilateral cooperation with the country. Across different sectors, particular attention will be given to youth, on which the long-term stability of our societies lies, and to women empowerment, essential for progress in any society.