Finance & Economics | WPN World People News

Build capacities to achieve safer communities, improve the performance of secondary-school students and generate jobs for youth are the central themes of the World Bank Group’s (WBG) new partnership strategy with El Salvador. The work program for the 2016-2019 period will also support the country increase its population’s access to the financial system, promote public spending efficiency and reinforce its capacity to confront environmental and natural disaster risks.

The Executive Board of the International Monetary Fund (IMF) Wednesday approved a three-year Policy Support Instrument (PSI) for Senegal. The PSI supports implementation of a three-year program of macroeconomic reforms designed to advance the Plan Sénégal Emergent (PSE), the authorities’ strategy to increase growth and reduce poverty while preserving macroeconomic stability and debt sustainability.

The Eurozone governance rules are too complex, lack ownership and are not consistently enforced, MEPs say in a resolution voted on Wednesday. The text is Parliament's input to the discussions on the future of the economic governance framework, including Thursday's European summit debate on the so-called five presidents' report on completing the EU's economic and monetary union.

An International Monetary Fund (IMF) team visited Amman from June 9–24, 2015 to review Jordan’s economic program, supported by a Stand-By Arrangement (SBA). The 36-month SBA in the amount of SDR 1.364 billion (about US$2 billion, or 800 percent of Jordan’s quota at the IMF) was approved by the Executive Board on August 3, 2012.

The World Bank Group’s Board of Executive Directors Tuesday endorsed the Fiscal Year 2016-20 Country Partnership Framework (CPF) for Serbia.

More than 500 workers made redundant by electrical manufacturer Broadcom Communications Finland and two suppliers should get EU aid worth €1.36 million to help them find new jobs, said the Budgets Committee on Tuesday. The European Globalisation Adjustment Fund (EGF) aid still needs to be approved by Parliament as a whole and the EU Council of Ministers.

The three EU agencies managing migration flows and various EU funds dealing with migration should get a €69.6 million budget boost , said the Budgets Committee on Tuesday as it approved proposed changes to this year's European budget. The budget increases still need to be approved by Parliament as a whole and the Council of Ministers.

On June 19, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Third Post-Program Monitoring Discussions with Ireland, and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis.

A new OECD report, Taxing Energy Use 2015 – OECD and Selected Partner Economies. compares taxes on energy use in 41 countries worldwide, which together use 80% of global energy.

The World Bank Board of Executive Directors approved Monday an allocation of additional financing of US$12 from the International Development Association for the Second Public Employment for Sustainable Agriculture and Water Resources Management Project (PAMP-2), which focuses on improving agricultural production and creating temporary employment in rural districts of Tajikistan.