Finance & Economics | WPN World People News

The World Bank Board of Executive Directors Monday approved a EUR 25 million IBRD loan for the Second Municipal Services Improvement Project (MSIP2) in FYR Macedonia. The project aims to improve transparency, financial sustainability, and inclusive delivery of municipal services across the country.

The Managing Director of the International Monetary Fund (IMF) approved a Staff-Monitored Program (SMP) for Iraq covering the period of November 2015-December, 2016, on which the authorities and staff had reached ad-referendum agreement in November 2015.

Vietnam’s evolving economy needs new strategies to maintain strong growth, and a World Bank report calls for the government to work with private sector importers, exporters and transport companies to improve freight logistics.

World Bank Headquarters.

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement in Abuja Thursday at the conclusion of her visit to Nigeria:

My visit to Nigeria has been extremely fruitful and informative. I wish to thank President Muhammadu Buhari for meeting with me to discuss Nigeria’s achievements and its outlook.

Weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up modestly to a 2.9 percent pace, from 2.4 percent growth in 2015, as advanced economies gain speed, according to the World Bank’s January 2016 Global Economic Prospects.

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), will visit Nigeria and Cameroon during January 4–9, 2016, to engage with policy makers and other stakeholders in both countries and from the region and to underline the IMF’s strong relationship with its African member countries.

On 1 January 2016, the European Union (EU) and Ukraine will start applying the Deep and Comprehensive Free Trade Area (DCFTA) which forms part of the Association Agreement signed in June 2014. The rest of the Association Agreement has already been in force since November 2014.

The Government of India and the World Bank on December 30, 2015 signed a US$ 50 million credit for the Nai Manzil: Education and Skills Training for Minorities Project to help young people from minority communities complete their education and gain from market-driven training programs with the aim of improving their employment outcomes.

The Government of India and the World Bank on December 30, 2015 signed a US$ 50 million credit for the Nai Manzil: Education and Skills Training for Minorities Project to help young people from minority communities complete their education and gain from market-driven training programs with the aim of improving their employment outcomes.