Finance & Economics | WPN World People News

We discussed the recent decline in copper prices and the challenges it poses for the DRC economy. I was impressed by the progress made over the last five years in bringing about economic stability and robust growth, which resulted in the DRC recording the third fastest growth rate in the world in 2014. I was also encouraged by the authorities' intention to build on this record and to transform the DRC into a more inclusive economy.

Greek Finance Minister Yanis Varoufakis deployed what he called "creative vagueness" in drafting the reforms Greece will commit itself to in return for a four-mouth "bridge agreement" with the European Union. This was enough to get past the Eurogroup of finance ministers and the German Bundestag and even to generate gossip about Greece being ready to negotiate a third bailout agreement. Nonetheless it did not please International Monetary Fund (IMF) Managing Director Christine Lagarde or European Central Bank (ECB) President Mario Draghi, who both expressed fears that it departed from previous "commitments."

Rapid expansion of oil supply from unconventional sources, a significant change in OPEC’s policy stance, and weak global demand are driving the recent plunge in oil prices, according to a new paper by the World Bank.

Mr Kalemeera’s restriction follows an investigation by the Insolvency Service.

Mr Kalemeera (47) was ordered by the court, to be bound by the restrictions set out in insolvency law which a bankrupt is subject to until they are discharged from bankruptcy – normally 12 months – until October 2021. The court made the order in February 2015, backdating the restriction to October 2014.

France announced that it would contribute €8 billion in the context of the European Fund for Strategic Investments (EFSI), which is the core element of the Investment Plan for Europe on March 6. The contribution will come via France's National Promotional Banks Caisse des Dépôts (CDC) and Bpifrance (BPI).

Buoyed by falling oil prices, Kenya’s growth is projected to rise from 5.4 percent in 2014 to 6-7 percent over the next three years (2015-2017), making it one of the fastest-growing economies in Sub-Saharan Africa according to the latest Kenya Economic Update (KEU) published by the World Bank.

The International Monetary Fund’s Middle East Center for Economics and Finance (CEF) and the Middle East Regional Technical Assistance Center (METAC) organized a regional workshop on “Fiscal Reporting and Transparency,” in Kuwait City, Kuwait from March 2-5, 2015.

Rapid expansion of oil supply from unconventional sources, a significant change in OPEC’s policy stance, and weak global demand are driving the recent plunge in oil prices, according to a new paper by the World Bank.