Finance & Economics | WPN World People News

A division of the World Bank has just made its first so-called "green loan" to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy. Vietnam has a fast growing economy but also has a fast growing pollution problem.

The World Bank reiterated its commitment to help Bangladesh sustain high economic growth, as the World Bank Vice President for South Asia, Hartwig Schafer concluded a three-day visit to the country.

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.

Five winning teams of the World Bank-United Nations Road Safety Champions’ Video Competition were awarded in Dhaka, on January 28. The competition sought ideas for making Dhaka’s roads safer from young Bangladeshis between the ages of 18-23 and received an overwhelming response.

On January 22, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of North Macedonia and considered and endorsed the staff appraisal without a meeting.

On January 13, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Tajikistan.

The World Bank’s Board of Executive Directors has approved a US$35.5 million credit and a US$30.5 million grant in support for a resilient transport project that will upgrade the vital 65-kilometer South Santo Road, on Vanuatu’s second most-populated island of Espiritu Santo, to guard against potential climate impacts and natural disaster risks.

The second edition of the Central African Republic (CAR) Economic Update, which was published by the World Bank, examines evolving economic trends in the country and proposes options to boost domestic revenue by improving tax and customs policy and administration, on January 23.

Afghanistan’s economy grew by an estimated 2.9 percent in 2019, driven mainly by strong agricultural growth following recovery from drought, but lingering political uncertainty dampens private confidence and investment, says the World Bank.

Afghanistan’s economy grew by an estimated 2.9 percent in 2019, driven mainly by strong agricultural growth following recovery from drought, but lingering political uncertainty dampens private confidence and investment, says the World Bank.