Finance & Economics | WPN World People News

IFC’s investments in Pakistan will boost the private sector and support to tap new energy sources to ease power shortages, Jin-Yong Cai, CEO of IFC, a member of the World Bank Group, said during a visit to Islamabad.

Annette Dixon, the World Bank’s Vice President for South Asia, today congratulated the Government on the progress it has made and encouraged Nepal to persist with its economic reforms aimed at fostering sustained growth to benefit all the people in the country on January 1

Japan could help laid-off workers find a job more quickly by improving co-ordination between public employment services and companies, as well as ensuring that all workers benefit from adequate Employment Insurance (EI) benefits, according to a new OECD report.

Governments around the world are under growing pressure to improve their education systems. Rising spending is increasingly being matched by reforms to help disadvantaged children, invest in teachers and improve vocational training. But a widespread lack of evaluation of the impact of these reforms could hinder their effectiveness and hurt educational outcomes, according to a new OECD report.

The euro has become the sole legal tender in Lithuania, after two weeks in which payments could also be made in litas, with change being given in euros on Jan. 16. This brings to a close many months of preparation by the Lithuanian authorities with support from the Eurosystem as well as the European Commission.

The U.S. Department of the Treasury released Treasury International Capital (TIC) data for November 2014 on Jan. 16. The next release, which will report on data for December 2014, is scheduled for February 17, 2015.

Prospects for Croatia’s strong recovery from recession and return to the pre-recession growth rates are slim unless the country vigorously moves forward in addressing the structural weaknesses of its economy, according to the World Bank’s new Public Finance Review: Restructuring Spending for Stability and Growth report.

UK Department for Work and Pensions has taken a ‘One in Two Out’ approach to rules, with those covering health and safety halved without compromising or diluting health and protection for workers.