Finance & Economics | WPN World People News

On August 2, 2017 ,the Minister of Finance of the Republic of Kosovo, Avdullah Hoti, and the World Bank Country Manager for Kosovo, Marco Mantovanelli, signed financing agreements for the implementation of two new projects, worth approximately €34.3 million, that aim to accelerate private sector growth and job creation in Kosovo.

An International Monetary Fund (IMF) team, led by Jongsoon Shin, visited Tuvalu from July 25–August 1, 2017 to conduct the 2017 Staff Visit. The team exchanged views with senior officials of the Tuvalu government, representatives from public enterprises and the private sector, and development partners.

On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) completed the second review under the Precautionary and Liquidity Line (PLL) Arrangement and reaffirmed Morocco’s continued qualification for the PLL.

On July 26, 2017, the Executive Board of the International Monetary Fund (IMF) discussed the Fund’s ongoing work on enhancing collaboration between regional financing arrangements (RFAs) and the Fund. The work is part of a broader discussion with Executive Directors over proposals to strengthen the Global Financial Safety Net (GFSN), which has included the creation of a new Policy Coordination Instrument on July 14, 2017.

Mozambique is increasingly a two-speed economy as extractives and mega projects drive growth, whilst other sectors lag behind, according to the third edition of the World Bank Mozambique Economic Update, released on July 31th.

Close to 1,800 participants from all over the world will seek to redefine the foundations, role and responsibilities of the humanities in contemporary society at the World Humanities Conference, which will take place in the city of Liège, Belgium, from 6 to 12 August.

The World Bank’s Board of Executive Directors on July 27th, approved a grant of $32.73 million from the Global Environment Facility (GEF) to support China’s pilot project for transit-oriented development (TOD), an urban planning concept that integrates land use and transportation.

Argentina is making progress in its path to advance its growth agenda. The first OECD Multi-dimensional Economic Survey of Argentina underlines the achievements to date of the government’s recent and comprehensive programme of macroeconomic and structural reforms. The OECD notes that the next challenges to be met will be strengthening the pillars of a more productive and inclusive economy, reducing poverty and inequality and improving the well-being of all Argentinians.

On July 24, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the United States.