Finance & Economics | WPN World People News

In the context of the third economic adjustment programme for Greece, the European Commission has approved additional state aid of €2.71 billion to National Bank of Greece under EU state aid rules, on the basis of an amended restructuring plan.

The IMF’s regional technical assistance center AFRITAC West 2 held its Third Steering Committee meeting in Ghana on Wednesday, December 2, 2015.

An ambitious plan to make the Midlands an engine of growth will be unveiled on 4 December at a special event at Birmingham University. The Midlands Engine prospectus - the first of its kind in the country - is the result of 11 Local Enterprise Partnerships (LEPs) coming together with their plan to boost productivity, attract inward investment, increase connectivity and build a regional tourism offer.

Urbanization provides Pakistan with the potential to transform its economy to join the ranks of richer nations, but the country, like others in South Asia, has so far struggled to make the most of that opportunity, says a new World Bank report.

Corporate tax revenues have been falling across OECD countries since the global economic crisis, putting greater pressure on individual taxpayers to ensure that governments meet financing requirements, according to new data from the OECD’s annual Revenue Statistics publication.

On December 2, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation and completed the fourth review of Mali’s performance under an economic program supported by a three-year Extended Credit Facility (ECF) arrangement. The Board’s decision enables the disbursement of SDR 4 million (about US$5.5 million), bringing total disbursements under the arrangement to SDR 22 million (about US$30 million).

The world looks to the Paris Conference of the Parties to deliver a new climate agreement that transforms our development pathway. Success at COP21 can drive and accelerate the transition to a cleaner, healthier and more secure future, locking-in sustainable economic growth and development. A low-carbon, climate resilient world by the end of this century is no longer a hope - it is a necessity.

On November 25, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Kuwait.

The decline in oil prices has adversely affected Kuwait’s fiscal and current account balances and slowed growth in 2014–15. With high financial buffers and substantial borrowing space, the government can smooth the fiscal adjustment in response to the decline in oil prices, and continue to support growth through sizable investment spending.

The World Bank Wednesday presented the initial results of a high frequency survey, aimed at measuring the impact of the economic slowdown on households in Tajikistan. From May 2015, with the opening of the high season for many workers from Tajikistan working abroad, the Listening to Tajikistan survey started tracking the wellbeing and deprivations of a random representative sample of 800 households in Tajikistan.

On November 30, 2015 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Sweden.
Sweden’s economy is performing well, with real GDP growth of 3.4 percent per year in the first three quarters of 2015, up from 2.3 percent in 2014. Job creation was robust in the first three quarters of 2015, helping bring the unemployment rate down to 7.2 percent in the third quarter. Solid growth of about 3 percent is expected to continue into 2016.