Finance & Economics | WPN World People News

On September 12, the first African Ministerial Conference on Meteorology (AMCOMET) Africa Hydromet Forum opened its doors to over 500 African leaders from governments, public and private sector representatives, civil society, and development partners who agree that improved weather, water, and climate services, known collectively as hydromet, can ease disaster-related losses and boost their economies.

The World Bank on September 12, announced a new US$60 million project to help address the jobs challenge in Tunisia, with support for government efforts to better target employment programs and create more and better opportunities. The Tunisia Youth Economic Inclusion Project called Moubadiroun (or ‘Initiator’) will focus on disadvantaged young men and women while investing in entrepreneurs and businesses to promote growth and job creation.

The World Bank released a report on September 12, that calls for a new vision for the Palestinian economy that can lift growth to an average of 7 percent per year. While recognizing the critical importance of a political settlement, the report argues that measures over the medium term can create new areas of economic activity, attract private investment, generate jobs and significantly improve living standards.

The world’s six largest multilateral developments banks (MDBs) continued to make a strong contribution to the global climate challenge in 2016, increasing their climate financing in developing countries and emerging economies last year to $27.4 billion from $25 billion in 2015.

Higher value added activities and boosting linkages between domestic firms with foreign markets and investors can help Vietnam move up global value chains, says two new World Bank Group reports.

On August 30, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Serbia and completed the seventh review of Serbia’s economic performance under the Stand-By Arrangement (SBA).