Finance & Economics | WPN World People News

The OECD unveiled at the Paris Peace Forum on Nov. 12 a new Observatory of Civic Space, an initiative to support countries in promoting and protecting an environment that enables citizens and civil society organisations to engage meaningfully with their governments – and with each other.

China's Commerce Ministry said Thursday that China and the United States have agreed to roll back some of the tariffs each side imposed on the other's goods during their ongoing trade dispute.

The World Bank’s Board of Executive Directors approved US$64 million in support for Fiji’s efforts to strengthen its medium-term fiscal sustainability, improve the country’s business climate, and build resilience to climate change, on November 7.

The World Bank’s Board of Executive Directors has approved a €271.8 million loan ($ 300 million) to support the strengthening of Morocco’s municipalities, an objective that is part of the Kingdom’s broader efforts to upgrade urban services and turn urban conglomerations into engines of growth and job creation.

The World Bank (International Bank for Reconstruction and Development or IBRD, Aaa/AAA) launched its first Sustainable Development Bond in Norwegian krona to raise awareness for water and ocean resources. The NOK 2.5 billion 1.75% bond matures on November 6, 2024. Nordea Bank Abp was the sole underwriter and distributor for the transaction.

On October 29, 2019, the World Bank Group’s Board of Executive Directors discussed the Country Partnership Framework (CPF) for the Republic of Cabo Verde for the period 2020-2025. This CPF lays out the WBG strategy to accelerate human capital for inclusive service-led growth and to strengthen the environment for a more diversified economy in the archipelago.

A cargo ship at the port of Ningbo, China.