Finance & Economics | WPN World People News

‌‌‌‌‌Note: Growth rates presented in this chart are based on data with more than one decimal.

Public procurement and anti-corruption specialists from across Europe and Central Asia, and Canada, as well as representatives from international organizations, gathered today in Kyiv to attend the opening of the 13th Procurement, Integrity, Management and Openness (PRIMO) Forum.

An International Monetary Fund (IMF) team led by Mohamad Elhage visited Nairobi, Kenya from May 15-19 to conduct discussions on the second and final review of the SMP and a follow-up SMP. The team met with the Somali authorities to discuss the latest economic developments and review implementation of reforms under the SMP.

Integrating measures to tackle climate change into regular economic policy will have a positive impact on economic growth over the medium and long term, according to a new OECD report prepared in the context of the German Presidency of the G20.

Despite rapid reduction in poverty, Nepal’s development path is not helping it escape a low-growth trap, says the World Bank in a new report, Climbing Higher: Toward A Middle Income Nepal, released on May 23th. Without comprehensive reforms to address its long-standing challenges, the report says Nepal will probably not become a lower-middle-income country before 2030.

Pakistan’s Gross Domestic Product growth in Fiscal Year 2017 is expected to climb to 5.2 percent — the highest in nine years -- and the growth rate will continue to accelerate, reaching 5.5 percent in FY18 and 5.8 percent in FY19.

On April 25, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Brunei Darussalam and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis.

African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released on May 22th, at the African Development Bank Group’s 52nd Annual Meetings.

An International Monetary Fund (IMF) team led by Tobias Rasmussen visited Guinea-Bissau from May 10 to 19, 2017, to conduct discussions on the third review of Guinea Bissau’s IMF-supported program under the Extended Credit Facility (ECF).

The Royal Government of Bhutan and the World Bank signed a $8 million Global Agriculture Food Security Program (GAFSP) grant that will help increase agricultural productivity and enhance access to markets for farmers in selected gewogs in Southwest Bhutan. The World Bank will be the supervising entity while the United Nations Food and Agriculture Organization (FAO) will provide technical assistance for the project.