Finance & Economics | WPN World People News

Governments need to rethink their tourism policies to encourage more diversity, reduce concentration in high-density destinations and put in place long-term strategies that are ecologically sustainable and socially inclusive, according to the OECD.

A modest recovery is under way in the global steel market but structural imbalances remain acute amid sluggish demand growth expected in the long-term demand, the OECD Steel Committee said at the end of its meeting this week.

A conducive external environment, sound fundamentals and progress on structural reforms are supporting the Indonesian economy. The country’s real GDP growth is projected to increase from 5.1 percent this year to 5.3 percent in 2018, according to the World Bank’s October 2017 Indonesia Economic Quarterly.

On September 27, 2017, the Executive Board of the International Monetary Fund (IMF) reviewed the joint IMF-World Bank Debt Sustainability Framework for Low-Income Countries (LIC DSF).

The euro area (EA19) seasonally-adjusted unemployment rate was 9.1% in August 2017, stable compared to July 2017 and down from 9.9% in August 2016.

A staff team from the International Monetary Fund (IMF) led by Jaewoo Lee visited Colombo during September 18-29, 2017 to hold discussions on the third review of the Sri Lankan authorities’ economic program that is being supported by a three-year Extended Fund Facility (EFF) .

On September 29, the World Bank approved a package of over $20 million for the Republic of the Seychelles to improve the conservation of its marine resources and expand seafood value chains.

A team from the International Monetary Fund (IMF) led by Daniel Kanda visited Khartoum from September 13–September 26 to hold discussions on the 2016 Article IV Consultation with Sudan. At the conclusion of the visit

President Donald Trump announced a Republican tax reform plan Wednesday, intended to provide a "middle-class miracle" for many Americans and with changes to relieve corporations from what the White House called a "punitive" system.

The Korea Institute of Science and Technology (KIST) has signed new agreements with four premier African universities to propel their research and PhD programs in applied sciences and technology. The agreements were announced at a workshop organized by KIST in collaboration with the Partnership for Skills in Applied Sciences, Engineering and Technology (PASET), which is led by African governments and facilitated by the World Bank.