Finance & Economics | WPN World People News

The EU needs a European register of beneficial owners of companies, consistent definition - and handling - of suspicious transactions and enforced transnational cooperation like the US Financial Investigation Unit, experts on anti-money laundering enforcement in Belgium and Germany told Parliament’s Panama Papers Inquiry Committee on Monday.

Post offices in Africa now deliver more money than mail. They are becoming essential to provide poor rural populations with access to affordable financial services, including remittances, which amounted to over US$ 65 billion in 2015.

Innovators using a specialised computer.

On 12 November at the Global Finance Action Summit in Marrakech, the European Investment Bank’s Vice-President, Jonathan Taylor with responsibility for energy, environment and climate lending called for a renewed effort from the world’s financial institutions to make the Paris Agreement a reality.

Malaysia’s economy has proven resilient to global headwinds, but more can be done to boost innovation, raise productivity and shift to a more sustainable growth path that will boost living standards for all, according to two new reports from the OECD. The first-ever OECD Economic Assessment of Malaysia recognises that growth is moderating, but it remains cushioned by domestic demand and should be above 4% in both 2016 and 2017. The Assessment underlines the need to continue fiscal consolidation, to provide a buffer should conditions deteriorate, and lays out a series of reform recommendations for maintaining economic resilience, raising productivity and fostering inclusiveness.

Pakistan’s economic growth in fiscal year (FY) 2016 reached 4.7 percent—the highest rate in eight years and a significant increase from the previous year’s 4.0 percent, says a new World Bank Report.

More than 2,500 homes without electricity access in Solomon Islands will soon be able to afford reliable energy connections under a new project agreed between the World Bank and the Government of Solomon Islands.

On November 4, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bulgaria.

Media are invited to attend a national workshop where conclusions from an independent evaluation of the IFAD-supported country strategy and programme in the Philippines will be presented. IFAD’s Independent Office of Evaluation conducted this evaluation, which includes seven rural development projects implemented between 2003 and 2015 for a total lending amount of US$154 million.

An International Monetary Fund (IMF) mission, led by Mr. Meredith Arnold McIntyre, visited Antigua and Barbuda during October 26-November 7 to conduct the 2016 Article IV Consultation.