Finance & Economics | WPN World People News

An International Monetary Fund (IMF) staff mission, led by Harald Finger, visited Dubai and Islamabad during October 26–November 5, 2015 to conduct discussions with the Pakistani authorities on the Article IV Consultation and the ninth review of their economic and financial program supported by a three-year IMF Extended Fund Facility (EFF) arrangement. The staff team met with Finance Minister Ishaq Dar, State Bank of Pakistan (SBP) Governor Ashraf Wathra, and other senior officials.

Efforts to improve the business climate in Bhutan accelerated during the past year and have helped it to be the highest ranking country in the South Asia Region at 71 out of 189 countries ranked worldwide, says the World Bank Group’s annual ease of doing business measurement.

The Executive Board of the International Monetary Fund (IMF) approved on October 14, 2015—the decision was taken without an Executive Board meeting1—a 3 month-extension of Liberia’s Extended Credit Facility (ECF) Arrangement to February 18, 2016.

Greater energy efficiency, expansion in renewables, and increased power trading in Asia could help Vietnam meet an expected 7-10 percent increase a year in power demand through 2030, participants at a conference said on Wednesday, as a report was released showing that low-carbon development may help boost economic growth in the long run.

An International Monetary Fund (IMF) team, led by Ms. Laure Redifer, IMF Mission Chief for Rwanda, visited Kigali from October 21-November 4, 2015 to carry out discussions with the Rwandan authorities on the fourth review of their economic and financial program supported by the IMF’s Policy Support Instrument (PSI). The PSI-supported program for Rwanda was approved by the IMF Executive Board on December 2, 2013.

The World Bank’s Board of Executive Directors Wednesday approved a US$60 million Development Policy Loan (DPL) to the Dominican Republic for its efforts to promote inclusive growth by strengthening management of public expenditures and enhancing the transparency and monitoring of government operations.

While Korea has seen strong economic growth and an impressive rise of skill levels over the past decades, further action is needed to improve the labour market relevance of education, remove barriers to employment and raise productivity levels in Korea, according to a new OECD report.

Consumer prices, selected areas

September 2015, percentage change on the same month of the previous year

A mission from the International Monetary Fund (IMF), led by Mr. Carlo Sdralevich, visited Monrovia during October 19–30, 2015 to conclude discussions on the fourth review of the government’s economic program supported by the IMF under the Extended Credit Facility (ECF) arrangement1 approved by the IMF Executive Board in November 2012.