Finance & Economics | WPN World People News

The EU needs to update its long-term financing plan to cope with new priorities and challenges such as mass migration, internal security and youth unemployment, said MEPs in a resolution voted on Wednesday. The text sets out political recommendations for the EU Commission’s forthcoming proposal to revise the EU’s multiannual financial framework (MFF) for 2014-2020. The update should also tackle the recurring backlog of overdue EU payments, and look beyond 2020, add MEPs.

Allowing refugees and asylum seekers to work in their host countries not only helps to restore their human dignity, but also reduces strain on public budgets by turning them into taxpayers, says a non-binding resolution voted on Tuesday. Inclusion schemes should nonetheless emphasise language learning and pay attention to local unemployment rates, especially among young people, it adds.

On June 29, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
The declines in oil prices and offshore investment have taken a toll on the Norwegian mainland economy: growth fell to 1 percent in 2015—the lowest level since the global financial crisis. The drag from private investment was offset by continued growth in household consumption, expansionary fiscal policy and a boost to traditional goods exports, aided by the weak krone.

Reform of Vietnam’s land administration services got a boost with the approval by the World Bank’s Board of Executive Directors of a $150 million credit for the Vietnam Improved Land Governance and Database Project, on 5 July.

The IMF’s Fiscal Affairs Department (FAD), in coordination with the Institute for Capacity Development (ICD) and the AFRITAC West 2 Regional Technical Assistance Center, sponsored an international conference June 28-30, 2016, in Accra, Ghana.

On June 27, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Poland.

The economy is enjoying a strong economic expansion, but external factors continue to weigh on inflation.

A new study looks at the status of women in China’s forest sector reform and highlights the need to integrate the gender perspective in the reform policies in order to improve women’s access to forestland rights and participation in decision making.

The recent period of high agricultural commodity prices is most likely over, say the OECD and FAO in their latest 10-year Outlook. But the two organisations warn of the need to be vigilant as the probability of a major price swing remains high.

Japan is home to a number of cities offering world-class and unique “best-practice” experiences and solutions on a variety of development challenge facing cities around the globe.