Finance & Economics | WPN World People News

Fiji has become the first emerging market to issue a sovereign green bond, raising 100 million Fijian dollars, or US$50 million, to support climate change mitigation and adaption.

U.S. President Donald Trump said he had “very productive” discussions at the White House Tuesday with Greek Prime Minister Alexis Tsipras that focused on military cooperation, energy security and economic investment.

ollowing discussions between the Guinean authorities and IMF staff in Conakry from July 31-August 15, 2017 and during the 2017 Annual Meetings in Washington in October 2017, a staff-level agreement was reached on a program of economic policies and reforms that could be supported by an Extended Credit Facility (ECF) arrangement.

The European Commission has opened an in-depth investigation to assess the proposed creation of an acetate flake and acetate tow joint venture by Celanese and Blackstone under the EU Merger Regulation. The Commission has concerns that the transaction may reduce competition in the acetate tow market.

This disbursement marks the launch of the second Macro-Financial Assistance programme for Jordan with a total worth of €200 million, which follows a first package of €180 million approved in 2013 and fully disbursed in 2015. The disbursement of the second €100 million instalment is expected to take place during the course of 2018, depending on Jordan fulfilling agreed commitments.

The National Statistical Office (NSO) of Mongolia on October 17, presented the outcomes of the poverty estimation outcomes in a seminar entitled “Poverty Situation - 2016” organized jointly with the World Bank. The two institutions have been collaborating in developing methodology for estimating poverty rate through household income and expenditure surveys as well as living standard measurement survey since 2002. This time, the poverty rate has been jointly estimated based on the 2016 Household Socio-Economic Survey.

The social status of one’s parents is as influential today as it was 50 years ago in determining a person’s future, according to early findings from an upcoming World Bank report, Fair Progress? Educational Mobility Around the World.

Governments have dismantled, or are in the process of amending, nearly 100 preferential tax regimes as part of the OECD/G20 BEPS standards to improve the international tax framework, according to a progress report released on October 16.

The World Bank said on October 16, it would continue to support Pakistan to implement broad economic reforms and address current risks towards achieving its development aspirations.