Finance & Economics | WPN World People News

A World Bank team, led by the new Country Manager, Elisabetta Capannelli is undertaking a visit to Slavonia to discuss the region’s growth potential. The team members will meet some of the key stakeholders contributing to the region’s development to learn more about what can be done to promote growth and improve competitiveness in Slavonia.

The Executive Board of the International Monetary Fund (IMF) on September 6, completed the fourth review of the arrangement under the Extended Credit Facility (ECF). Completion of the fourth ECF review enables the disbursement of SDR 66.42 million (about US$94.2 million), bringing total disbursements under the arrangement to SDR 398.52 million (about US$565.2 million), with the remainder being tied to the remaining reviews.

Since 1980, nine countries in the Caribbean experienced a disaster event with an economic impact of over 50 percent of their annual GDP: Antigua and Barbuda, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint Lucia and Saint Kitts and Nevis.

On September 7, the World Bank laid out a series of options to accelerate economic growth in the Pacific region to create more than 500,000 new jobs and increase incomes by more than 40 percent for people in most Pacific Island countries by 2040.

Rwanda’s economic growth has been slowing down since mid-2016 resulting in a 6percent growth in 2016 and in 4.2 percent annualized growth in the first quarter of 2017.

Greening the economy and building partnerships and trust are the key to greater security and stability in the OSCE region, highlighted participants in the 25th OSCE Economic and Environmental Forum which opened in Prague, on September 6.

China’s rapid industrial expansion has come at a high environmental cost. Given the economic importance of sectors that are energy-intensive, highly polluting and plagued by excess capacity, China’s challenge is to restructure its industry in a way that reduces pollution and eases pressure on resources while sustaining productivity and growth.

In July 2017 compared with June 2017, the seasonally adjusted volume of retail trade fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

The aim of these projects is to test experiment placements of at least 6 months, in an effort to promote apprenticeships abroad of a longer duration.