Finance & Economics | WPN World People News

OECD countries agreed on Wednesday to invite Latvia to become a member of the Organisation – a move that would extend OECD’s membership to 35 countries.

On April 25, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Islamic Republic of Mauritania.
The global economic landscape has deteriorated since the 2014 Article IV Consultation and Mauritania continues to face a negative terms-of-trade shock as a result of the fall of international metal prices.

A new World Bank report says better management of tuna fisheries can help Pacific Island countries gain as much as US$344 million per year in additional sustainable revenues and create 7,500 to 15,000 jobs by 2040.

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from April 27-May 11, 2016, to conduct discussions on the third review of Ghana’s financial and economic program supported by the IMF’s Extended Credit Facility (ECF). The discussions focused on the implementation of the program, the medium-term outlook, and policies and structural reforms needed to restore debt sustainability, and a return to high growth and job creation, while protecting the poor.

World Bank Vice President for the South Asia Region Annette Dixon concluded her first visit to Maldives with a commitment that the Bank would continue to partner with the government to help make the country’s economic growth more inclusive and sustainable.

On May 6, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of San Marino.

San Marino’s economy remains in transition following the implosion of its offshore banking model in the aftermath of the global crisis. These shocks resulted in the loss of a third of output since 2008. Nonperforming loans increased to very high levels.

"China is not a market economy" on EU criteria, argued MEPs of all political colours in Tuesday morning's debate with the Council and Commission. The debate centred on how the EU should counter any unfair competition from China after 11 December 2016, when its World Trade Organization (WTO) access protocol foresees changes in its treatment in trade defence investigations.

An International Monetary Fund (IMF) staff mission led by Cheikh Anta Gueye visited Niamey from April 25 to May 9, 2016 to conduct discussions on the eighth review of the program supported by the Extended Credit Facility (ECF) arrangement.1 The program was approved by the IMF Board on March 16, 2012.

Tuesday, the Deputy Chairman of the State Committee on Investments and State Property Management, Nigina Anvari, and World Bank Country Manager in Tajikistan Patricia Veevers-Carter launched a training program on private sector development that targets mid-level government officials. The training is part of the World Bank Group financed Central Asia Youth Empowerment and Jobs Project, which aims to improve the business climate and foster youth entrepreneurship in Tajikistan through capacity building of state entities and skills training for youth.