Finance & Economics | WPN World People News

The OECD Working Group on Bribery has serious concerns regarding Russia’s continued failure to implement key legislative reforms to enable it to effectively investigate, prosecute and sanction the offence of foreign bribery.

Sweden has still not implemented reforms to its Penal Code initially recommended by the OECD Working Group on Bribery in June 2012. Sweden’s legal provisions on corporate liability do not meet the requirements of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

The European Commission has found Hungary's €131 million investment aid to MOL Petrolkémia Zrt's Tiszaújváros plant to be in line with EU State aid rules. The support will contribute to the development of the Northern Hungary region, whilst preserving competition in the Single Market.

● Meeting with Crown Prince Mohammed bin Salman focused on Saudi Arabia’s economic outlook and current policy developments.
● Meeting with Saudi women included finding ways to further boost female labor force participation and entrepreneurship.
● Fiscal adjustment should be gradual given the strong fiscal buffers, the availability of financing, and the current cyclical position of the economy.

A new study will evaluate local business regulations affecting domestic firms in five Croatian cities, announced the World Bank Group, the Ministry of Economy, Entrepreneurship and Crafts and the Agency for Investments and Competitiveness on October 24. The cities being measured include: Osijek, Rijeka, Split, Varaždin and Zagreb.

A new study will evaluate local business regulations affecting domestic firms in five Croatian cities, announced the World Bank Group, the Ministry of Economy, Entrepreneurship and Crafts and the Agency for Investments and Competitiveness on October 24. The cities being measured include: Osijek, Rijeka, Split, Varaždin and Zagreb.

On October 23, 2017, the Executive Board of the International Monetary Fund (IMF) completed the second review of Jamaica’s performance under the economic program supported by the Stand-By Arrangement (SBA). The 36-month SBA with a total access of SDR 1,195.3 million (about US$ 1.68 billion), equivalent of 312 percent of Jamaica’s quota in the IMF, was approved by the IMF’s Executive Board on November 11, 2016 (see Press Release No.16/503 ).

Secretary of State for Wales Alun Cairns will call on Welsh SMEs to capitalise on new UK Government backed finance to help gain access to global growth markets when he attends the Fast Growth 50 awards this evening (20 October 2017).

Multi-billion dollar projects are fueling stronger private sector investment in infrastructure projects in developing countries, which increased by 24 percent from 2016 levels, reflecting US$36.7 billion across 132 projects, says a new World Bank Group report.

On September 22, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cambodia.