Finance & Economics | WPN World People News

The latest World Bank review of government policies and institutions in Africa shows that 26% of countries made broad progress in supporting development and poverty reduction in 2014.

Business start-up rates in OECD countries have generally risen since the crisis - particularly in Australia and the United Kingdom - but they remain below pre-2008 levels in many Euro area economies.

The World Bank (WB) Board of Executive Directors approved US$60 million in additional financing Tuesday to expand the successful implementation of the Community Investment in Rural Areas Project (PICAR). The additional financing will increase the number of beneficiaries from 150 thousand to 350 thousand, most of them indigenous, and almost half women, in La Paz, Oruro, Chuquisaca, Cochabamba and Pando departments.

On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation and endorsed the staff appraisal without a meeting.

World Bank Managing Director and Chief Operating Officer Sri Mulyani Indrawati Tuesday underlined the importance of deepening Pakistan’s reforms and investments in priority development areas so that the country can achieve a higher level of economic growth to reduce extreme poverty and increase shared prosperity.

Consumer prices, selected areas

June 2015 percentage change on the same month of the previous year

On July 29, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Russian Federation.

The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports Monday for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of information for tax purposes.

The Executive Board of the International Monetary Fund (IMF) on Friday approved a disbursement of SDR 35.6 million (US$49.7 million) for Nepal under the Rapid Credit Facility (RCF). This financial support will help the country address the urgent balance of payments and fiscal needs associated with the rehabilitation and reconstruction efforts in the aftermath of the powerful earthquake that occurred on April 25 causing widespread damage and devastation.

The Executive Board of the International Monetary Fund (IMF) on Friday completed the seventh and final review of Jordan’s economic program supported by a Stand-By Arrangement (SBA). The completion of the final review enables the disbursement of SDR 284.1 million (about US$396.3 million). The three-year SBA in the amount of SDR 1.364 billion (about US$2 billion) was approved by the Executive Board on August 3, 2012.