Finance & Economics | WPN World People News

Thailand has successfully reduced poverty over the past three decades from over 65 percent in 1988 to under 10 percent in 2018. However, the growth of household incomes and consumption growth both have stalled nationwide in recent years. This resulted in a reversal in the progress of poverty reduction in Thailand with the number of people living in poverty rising, according to a new World Bank report which analyzes recent poverty and inequality trends based on official statistics.

Pakistan is accelerating investments in health care and education to prepare children to reach their productive potential and generate wealth. The World Bank committed $200 million for the Punjab Human Capital Investment Project that will strengthen health services and social protection for poor and vulnerable households in select districts in Punjab, on March 3.

Urgent action is needed in countries impacted by fragility, conflict and violence (FCV) to end extreme poverty globally, according to the World Bank Group. As crisis situations become increasingly protracted — with dire impacts on people and economies — the World Bank Group, on Febuary 27, released an FCV strategy, which for the first time systematically brings a full suite of financing and expertise to address these challenges in both low-and-middle income countries.

The World Bank Group Board of Executive Directors, on Febuary 27 moved toward normalizing its relations with the Federal Government of Somalia (FGS) after thirty years. This will open up opportunities for Somalia to access concessional financing from the World Bank’s International Development Association (IDA) and to work closely with all arms of the World Bank Group to attract investment that will support the country’s stability and development.

Urgent action is needed in countries impacted by fragility, conflict and violence (FCV) to end extreme poverty globally, according to the World Bank Group. As crisis situations become increasingly protracted — with dire impacts on people and economies — the World Bank Group released an FCV strategy, which for the first time systematically brings a full suite of financing and expertise to address these challenges in both low-and-middle income countries, on Febuary 27.

Skyline of the City of London, United Kingdom.

An International Monetary Fund (IMF) staff team led by Angana Banerji visited Nuku-alofa from February 10−20, 2020 to conduct the 2020 Article IV consultations for Tonga.

Uganda’s economy needs to gradually create more jobs for its fast-growing and youth population. To accelerate economic growth and drive transformation, these jobs will need to bring higher labor productivity, says a new World Bank report launched, on Febuary 25.

On February 7, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation discussions with St. Lucia and considered and endorsed the staff appraisal without a meeting.