Finance & Economics | WPN World People News

A team from the International Monetary Fund (IMF), led by Christine Dieterich, IMF Mission Chief for Benin, visited Cotonou August 31–September 14 to conduct the 2015 Article IV Consultations.

An International Monetary Fund (IMF) mission led by Mr. John Wakeman-Linn visited Freetown from September 1–15, 2015 to conduct discussions on the joint third and fourth reviews under the Extended Credit Facility (ECF) Arrangement approved by IMF Management in October 2013.

Growth in household disposable income has, on average, outpaced the rise in GDP for the OECD area since the onset of the financial crisis in 2007, according to the OECD.

The European Parliament should play a greater role in Eurozone governance, said Commissioner Pierre Moscovici in a debate with Economic and Monetary Affairs Committee MEPs on Tuesday. Economic and monetary union calls for democratic deepening, he added, stressing that "This is not something that can wait. We need more regular exchanges with the Parliament. The European Parliament is the Parliament of the Eurozone and we want to give this political impetus."

Quarterly GDP in volume terms for the G20

Percentage change on the previous quarter, seasonally adjusted data

Buoyed by the depreciating Shilling and the falling global oil prices, Uganda’s economy could continue the modest recovery and grow 0.4 percentage points faster in 2016 than in 2015. Uganda’s private sector has also played a critical role buffering external shocks and sustaining credit flows while Government’s infrastructure investments in the oil industry and railway did not take off as planned.

A shortage of long-term financing since the 2008 crisis is choking the investment-backed growth of companies in developing countries and hampering the ability of credit-worthy families to borrow for education and housing needs and escape poverty, a new World Bank report warned Monday.

Virginie Rozière

The end of the mining boom has highlighted the urgent need for Chile to diversify its economy away from commodity-intensive sectors, according to a new OECD report presented by Secretary-General Angel Gurría Monday. Chile has made significant social and economic progress over the last two decades, it says.

A mission from the International Monetary Fund (IMF) led by Mr. W. Christopher Walker visited Port-au-Prince during September 7–11 to review economic developments and hold discussions with the authorities on the 2015–16 budget. The staff team expects to return to Port-au-Prince in November to hold discussions on the first review under Haiti’s arrangement with the Fund under the Extended Credit Facility, adopted and approved in May of this year.