Finance & Economics | WPN World People News

Jordan has embarked on a “Green Growth” drive that aims to tap into natural resources, lessen dependence on fuel imports and create decent jobs in a nation saddled with spiraling unemployment and a sluggish 2.3 percent projected economic growth for 2017.

An International Monetary Fund (IMF) staff team led by Chris Walker, IMF Mission Chief for Haiti, visited Port-au-Prince from June 5-9, to carry out discussions with the Haitian authorities on a Staff-Monitored Program (SMP).

Global value chains (GVCs) have become a critical feature of the global economy, influencing unprecedented changes in trading patterns, regional integration and productivity. Public policy can play a critical role as countries seek to derive the potential productivity benefits from participation in GVCs and ensure that these gains are widely distributed across the economy, and to all citizens.

In the context of rapidly growing energy demands, a new project will support Mongolia’s efforts to improve the reliability and sustainability of electricity services.

A staff team from the International Monetary Fund (IMF), led by Norbert Toé, visited Benin from June 7–14, 2017, to review recent economic and financial developments and discuss program implementation ahead of a formal review slated for later this year.

The New Zealand economy continues enjoying a strong, broad-based expansion, driven by booming tourism, high net inward migration, solid construction activity and supportive monetary policy. Policymakers must remain vigilant, however, against high levels of household debt linked to inflated house prices, the potential impact of rising protectionist trade policies abroad and slowing Chinese economic growth, according to a new report from the OECD.

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement on Greece in Luxembourg on June 15th

The Royal Government of Bhutan and the World Bank Group (WBG) agreed to strengthen their partnership in support of sustainable and inclusive development, including creation of more and better jobs. They assessed the progress of their ongoing partnership program and agreed to adjust it by doubling the World Bank financial support to Bhutan to more than $100 million in the next three years.