Finance & Economics | WPN World People News

Diaspora from the Middle East and North Africa (MENA) can be critical to fostering regional integration, entrepreneurship and economic growth, and can help countries in the region become major players in the global economy, says a new World Bank Group paper released on March 28th.

Plans to make it easier to move money around within the EU’s long-run budget, to help tackle urgent challenges such as the migration crisis, strengthening security, boosting growth and creating jobs, were backed by the Budgets Committee on Monday. Parliament has long fought for greater flexibility within the Multi-annual Financial Framework (MFF), which would apply for the remainder of the 2014-2020 MFF.

An International Monetary Fund (IMF) team led by Ms. Elena Loukoianova visited Nuku’alofa from March 22–28, to assess economic developments and discuss government policies. The team met with National Reserve Bank of Tonga (NRBT) Governor Dr. Sione Ngongo Kioa and Minister for Finance and National Planning Honorable Tevita Lavemaau, as well as development partners and private sector representatives.

On March 24, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Dominican Republic.

Over the next three years, Uruguay will rehabilitate 890 kilometers of roads and will improve an additional 260 kilometers to reduce traffic accidents, in part thanks to a US$ 70 million loan approved by the World Bank Board of Directors last Friday. The new operation uses a Program-for-Results (PforR) financing instrument, which links disbursement of loans directly to the achievement of specific program results.

An IMF team led by Tsidi Tsikata visited Zambia during March 9-24, to conduct the 2017 Article IV consultation and hold discussions on an economic program that could be supported by an IMF financial arrangement.

The Australian Department of Foreign Affairs and Trade (DFAT), the Ministry of Development Strategies and International Trade (MODSIT) and the World Bank launched a joint program of technical assistance and advisory services to the Government of Sri Lanka (GoSL) to enhance the competitiveness of the private sector and unleash the potential of Sri Lankan exports, on March 24th

The Australian Department of Foreign Affairs and Trade (DFAT), the Ministry of Development Strategies and International Trade (MODSIT) and the World Bank launched today a joint program of technical assistance and advisory services to the Government of Sri Lanka (GoSL) to enhance the competitiveness of the private sector and unleash the potential of Sri Lankan exports.

Finland has proactively investigated seven allegations of Finnish individuals or companies paying bribes to foreign public officials since 1999 but needs to address its discouragingly high acquittal rate. Each of the five cases that have progressed to prosecution has resulted in the acquittal of all parties for foreign bribery.

The Mongolia Ministry of Finance and the World Bank on March 24, launched the Export Development Project aimed to help small- and medium-sized enterprises in non-minerals sectors strengthen their export capabilities and boost their access to export markets.