Finance & Economics | WPN World People News

On November 16, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultationwith Mexico.

On October 26, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Honduras.

There will be a modest increase in GDP growth in 2016 for countries in the Europe and Central Asia (ECA) region. Low oil and other commodity prices in the eastern half of the region, a decline in investment rates in the European Union, and ongoing structural challenges in all countries are hampering growth in the region and contributing to an increase in populism and polarization, says the latest World Bank ECA Economic Update.

All but the smallest EU importers of tin, tungsten, tantalum, gold and their ores will have to do "due diligence" checks on their suppliers, and big manufacturers will also have to disclose how they plan to monitor their sources to comply with the rules, under a draft EU regulation on “conflict minerals” agreed by MEPs, ministers and the EU Commission on Tuesday in Strasbourg. It aims to stop the financing of armed groups and human rights abuses through trade in minerals from conflict areas.

Significant progress has been made by an international programme designed to enhance developing countries' ability to bolster domestic revenue collection through strengthening of tax audit capacities.

The World Bank’s Board of Executive Directors approved a $30 million International Development Association (IDA)* credit to help smallholders and farmers’ organizations increase and improve the productivity of their agricultural products in the main agricultural cities of Sikasso, Bamako and Koulikoro in southern Mali, on November 22.

An International Monetary Fund (IMF) mission, led by Nadeem Ilahi, visited Bosnia and Herzegovina (BiH) during November 9-22, 2016 to conduct discussions on the first review of BiH’s Extended Fund Facility (EFF).

People using the Internet in Nairobi, Kenya.

Mayors and local leaders from around the world launched a plan of action to help tackle inequality, boost job creation and harness economic development, on November 21.