Finance & Economics | WPN World People News

An International Monetary Fund (IMF) team led by Ms. Yu Ching Wong visited Timor-Leste during October 24–28 to assess recent economic developments and discuss government policies.

On October 19, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation with Cambodia.
Cambodia is a fast-growing, highly open economy, and attained lower-middle income status this year. The Cambodian economy grew at around 7 percent in 2015, supported by strong garments exports, real estate and construction activity as well as the reduction in oil prices. Inflation unexpectedly picked up at end-2015 to 2.8 percent due to higher food prices resulting from extreme weather, but it remains well contained.

The World Bank Group and CTIC Dakar launched the Jambar Tech Lab, on November 3, a business acceleration program to help West and Central African tech start-ups commercialize and scale innovative digital products. First of its kind in the region, the program will connect 40 local high-growth startups with the knowledge, capital, and access to markets they need to grow.

An International Monetary Fund (IMF) staff team, led by Ms. Cemile Sancak, visited Lomé from October 20 to November 2 to conduct the 2016 Article IV Consultation.

An International Monetary Fund (IMF) staff team, led by Ms. Cemile Sancak, visited Lomé from October 20 to November 2 to conduct the 2016 Article IV Consultation.

The role of international organisations (IOs) is critical in the development of rules and standards that can help advance the well-being of citizens in an increasingly globalised world. IOs could improve their effectiveness by building on their respective experience in setting global rules and standards and doing more to coordinate their actions and technical expertise, according to a new OECD study of the rule-making practices of 50 international bodies.

Moldova has an opportunity as well as the potential to continue lifting people out of poverty and building shared prosperity among its people. The key will be continuing sound policies to ensure stability in the financial sector and openness in the economy, said Cyril Muller, World Bank Regional Vice President for Europe and Central Asia.

An International Monetary Fund (IMF) mission led by Mr. Carlo Sdralevich, visited Monrovia from October 12-26, 2016 to conduct discussions on the combined fifth and sixth reviews of the authorities’ economic program supported by the IMF under an Extended Credit Facility (ECF) arrangement.

Yazidi survivors and public advocates Nadia Murad and Lamiya Aji Bashar were announced as this year's Sakharov Prize laureates during this week's plenary session in Strasbourg. In addition MEPs called on the European Commission to regulate harmful trans fats in processed food. They also adopted Parliament's position on the EU's budget for next year, insisting on more funds to boost growth, tackle the migration crisis and help to find young people work. Read on for an overview.