Finance & Economics | WPN World People News

An International Monetary Fund (IMF) mission led by Edward Gemayel visited N’Djamena during February 6-12 to take stock of the latest economic and financial developments and follow-up on the implementation of the authorities’ structural reform agenda.

The World Bank’s Board of Executive Directors, on Febuary 11, approved US$4.4 million to modernize statistical and data collection in the Pacific, and another US$2 million each for Tonga and Kiribati to act as ‘pilot’ countries to help demonstrate improvements in regional data collection in coming years.

The World Bank’s Board of Executive Directors, on Febuary 11, approved US$5 million in additional financing to the Scaling-Up Participatory Sustainable Forest Management Project, which will help the Lao People’s Democratic Republic (Lao PDR) improve sustainable forest management, community livelihoods and climate change mitigation.

Against the extremely limited access to safe drinking water in Gaza, the World Bank, on Febuary 10, announced a US$15 million grant to the Water Security Development - Gaza Central Desalination Program — Associated Works Phase I Project.

On January 29, 2020, the Executive Board of the International Monetary Fund completed the sixth review under the ECF arrangement for Madagascar and the 2019 Article IV consultation. The completion of this review enables the disbursement of SDR 31.43 million (about US$43.2 million), bringing total disbursements under the arrangement to SDR 250.55 million (about US$344.5 million).

After a year when two severe cyclones contributed to a setback in growth, Mozambique looks ahead having made significant progress in maintaining economic stability and strengthening its external buffers but with a large unfinished agenda in terms of inclusive growth, fiscal sustainability and equitable access to the most basic services.

Expanding the middle class can help Indonesia grow faster and share prosperity more broadly across the population, according to a report released by the World Bank entitled Aspiring Indonesia – Expanding the Middle Class, on January 30.

On January 17, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation the Republic of Congo.

Huge changes to the world of work over the past two decades have made little impact on teenagers’ career expectations, which have become more concentrated in fewer occupations, according to a new OECD report.