Finance & Economics | WPN World People News

To mark International Youth Day, the Solutions for Youth Employment (S4YE) coalition is launching an ambitious five-year strategy that will tackle major challenges of youth employment worldwide.

Lifting sanctions related to Iran’s nuclear program will have a significant impact on the world oil market, the Iranian economy and Iran’s trading partners. Iran’s full return to the global market will eventually add about a million barrels of oil a day, lowering oil prices by US$10 per barrel next year, according to the World Bank, which also expects economic growth in the country to surge to about 5% in 2016 from 3% this year.

Stable growth momentum in the OECD area

An International Monetary Fund (IMF) staff team led by Cemile Sancak visited Lomé from July 24 to August 6 to conduct the 2015 Article IV consultation.

An International Monetary Fund (IMF) staff mission, led by Harald Finger, visited Dubai during July 29-August 7, 2015 to conduct discussions on the eighth review of Pakistan’s economic 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.

The European Commission has proposed to provide Italy with €1.4 million from the European Globalisation Adjustment Fund (EGF) to help 184 former workers of Alitalia to find new jobs. Most of the redundancies occurred in the region of Lazio.

On August 4, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Chile, and considered and endorsed the staff appraisal without a meeting.

On July 31, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Second Post-Program Monitoring with Portugal, and endorsed the staff appraisal without a meeting on a lapse-of-time basis.

The Executive Board of the International Monetary Fund (IMF), on June 22, 2015, discussed and adopted the proposed reform set out in a Board paper on “Reform of the Fund’s Policy on Poverty Reduction Strategies in Fund Engagement with Low-Income Countries—Proposals.”

On July 31, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Kazakhstan and considered and endorsed the staff appraisal without a meeting.