Finance & Economics | WPN World People News

Source: Labour Force Statistics‌‌

At its 87th session on 26-27 September 2019, the OECD Steel Committee held in-depth discussions on challenges facing the global steel industry and policy approaches to encourage adjustment and ensure a level playing field in the sector. Key issues of discussion included global and regional steel market conditions and future outlook, steel trade policy developments, steelmaking capacity investments and trends in excess capacity, and policies to encourage restructuring and better market functioning in the steel industry. The Committee also discussed ways to enhance its ongoing work on mergers and acquisitions, barriers to exit and state enterprises in the steel sector, and agreed on the next steps of its subsidies work.

The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilisation.

The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) launched Sustainable Development Bonds totaling USD 500 million. The Norinchukin Bank, a national-level financial institution for agricultural, fishery and forestry cooperatives in Japan, was the sole investor.

North Macedonia will strengthen public finance sustainability, improve market competition, and lower the regulatory burden on businesses to improve integration with European and global markets with support from a EUR 125 million loan approved by the World Bank’s Board of Executive Directors, on September 19.

The Palestinian Authority (PA) faces a financing gap that could exceed US$1.8 billion for 2019 driven by declining aid flows and the unresolved transfer of taxes and import duties collected by Israel on behalf of the PA (clearance revenues), according to a new report released by the World Bank, on September 19.