Finance & Economics | WPN World People News

Staff from the European Commission, in liaison with staff from the European Central Bank, visited Ireland to carry out the fourth post-programme surveillance (PPS) mission from 9 to 13 November. This was coordinated with the International Monetary Fund's fourth post-programme monitoring mission. Staff from the European Stability Mechanism also participated in the meetings on aspects related to its Early Warning System.

The European Investment Bank (EIB) is providing a EUR 100m loan to the City of Tampere for the construction of a 2.3 km road tunnel – the longest in Finland – and the related interchanges and road improvements. The Tampere tunnel will be under construction until 2017. After its completion, the tunnel will contribute to the development of Tampere’s central areas, while also improving the flow of traffic and road safety.

Monetary Dialogue with Mario Draghi, President of the European Central Bank

The World Bank (WB) Board of Executive Directors approved US$225 million in financing Thursday to improve road sector management in Bolivia, as well as management of the Primary Road Network, particularly the Trinidad-Santa Cruz stretch. The Road Sector Capacity Development Project will facilitate the mobility of 3.5 million inhabitants: 2.6 million in Santa Cruz, 400,000 in Beni and 500,000 in other areas using this corridor.

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement :
Kuwait needs to build on the momentum of these reforms to ensure that the fiscal situation remains solid, while continuing its efforts to diversify the economy.

A comprehensive centralized database of all central government financial transactions that tracks spending in real time is helping the government manage the budget and improve accountability, says the Ministry of Finance.

Aviation is a key driver of economic growth and jobs, but in order to ensure safety and let European companies maintain their competitiveness, current EU rules need to be updated. The European Commission is working on proposals now, but MEPs will already debate and vote Wedensday on what they would like to see in the aviation package to be announced by the end of the year. Follow the debate and vote online and check out our infographic about the EU's largest airports.

Pakistan’s Gross Domestic Product (GDP) growth will accelerate to 4.5 in the current fiscal year and to 4.8 percent in FY2016/17, supported by strong services growth and a slight improvement in the industry sector, says World Bank’s newreport, “Pakistan Development Update”, launched Wednesday at the Quaid-i-Azam University in Islamabad.

An International Monetary Fund (IMF) staff mission, led by Mr. Nadeem Ilahi, visited Banja Luka and Sarajevo during October 28 to November 11, 2015, to assess recent economic developments and continue discussions on a new economic program that could be supported by the IMF.