Finance & Economics | WPN World People News

United Nations Secretary-General Ban Ki-moon, center, and world leaders exchange greetings at the G20 Summit in Hangzhou, China, in September 2016.

The Government of Sri Lanka and the World Bank signed a US$100 million credit from the International Development Association (IDA) to support the Government of Sri Lanka's economic reform program, on 5th September.

Leaders of the G20 countries meeting at their Summit in Hangzhou, China, have called on the OECD to help develop an agenda to build a stronger, more innovative and inclusive world economy.

The Arab Monetary Fund (AMF), the International Monetary Fund (IMF) and the World Bank are pleased to announce the publication of a report on the findings of a survey on the withdrawal of Correspondent Banking Relationships (CBRs) in the Arab region.

An IMF mission, headed by Martin Cihak, visited Sweden during April 18–29 and August 22–September 2, 2016, to conduct an assessment under the Financial Sector Assessment Program (FSAP). The mission held discussions with the Riksbank, Ministry of Finance, Finansinspektionen (Sweden's financial supervisory authority), Swedish National Debt Office, members of Parliament from leading and opposition parties, as well as representatives of banks and other financial services companies, financial market infrastructure providers, policy research organizations, think-tanks and other nongovernment organizations, professional associations, and auditors. The team also met officials from other countries in the Nordic-Baltic region.

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from August 29-September 2, 2016 to continue discussions on the third review of Ghana’s financial and economic program supported by the IMF’s Extended Credit Facility (ECF).

The World Bank’s Board of Directors on Thursday 1st September approved a $10 million grant to help Chad develop and implement a national safety nets system aimed at providing direct assistance to 15,000 poor and vulnerable households in Chad’s rural and urban areas. Households in the northern region of Logone Occidental, the Sahelian region of Bahr-El-Gazel, and the urban and periurban neighborhoods of N’Djamena will be targeted in particular. These safety nets will help reduce poverty through cash transfers and job creation in public works programs.

Artis Pabriks

On August 22, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Guatemala, and considered and endorsed the staff appraisal without a meeting.

The priorities of the Slovak Presidency of the EU Council of Ministers are being outlined to parliamentary committees by Slovak ministers at a series of meetings taking place in July, August and September.