Finance & Economics | WPN World People News

Continued fiscal consolidation and sound monetary policies, along with a revitalization of foreign investment, are needed to help Mongolia weather external risks, the World Bank said in its latest Mongolia Economic Update.

We discussed the global and regional economic outlook and the current policy challenges facing Saudi Arabia. I conveyed my appreciation for Saudi Arabia’s support of the IMF.

With the employment committee voting this Tuesday on a report concerning microloans, what are they exactly? Generally associated with South Asia and Latin America, where the first initiatives were launched four decades ago, microloans are growing in the EU.

Governments have taken an important step towards ensuring that consumption taxes on cross-border transactions are effectively paid in the jurisdiction where products are consumed, while minimizing the risks that uncoordinated tax rules distort international trade.

World Bank Group Vice Presidents Mr. Cyril Muller and Mr. Dimitris Tsitsiragos concluded their visit to Uzbekistan Saturday noting the country’s considerable growth, diversification, and poverty reduction in the past decade. They also reaffirmed the World Bank Group’s support to Uzbekistan in the coming years.

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement Sunday at the conclusion of a meeting in Qatar with the finance ministers and central bank governors of the Gulf Cooperation Council (GCC)

The European Investment Bank (EIB) signed two loan agreements worth USD 126 million for financing two projects in the water and energy sectors on 08 November in Jordan to support sustainable economic and social development in the country.

Around 28,000 people who have had their benefits capped have moved into work, reduced their Housing Benefit claim or no longer claim Housing Benefit, according to new figures.

Trade is not just about our economic interests, but also about values. That's why we are proposing a very ambitious approach to sustainable development in the EU-US trade talks.

Germany’s foreign aid is at a record high and rising, but more effort will be needed to reach an internationally agreed donors’ target and fulfil Germany’s own goal to send more aid to the neediest countries, according to a new OECD Review.