Finance & Economics | WPN World People News

The World Bank Group’s Board of Executive Directors approved a US$36 million development policy credit and a US$27 million development policy grant for the republic of Mali to help strengthen government accountability and transparency as well as improve public sector spending.

Ms. Christine Lagarde, Managing Director of the International Monetary Fund, welcomed the announcement by nine countries to formally commit to higher standards of economic and financial statistical data by adhering to the institution’s Special Data Dissemination Standard (SDDS) Plus – the highest tier of the Fund’s Data Standards Initiatives.

A mission from the International Monetary Fund (IMF) led by Mr. Gabriel Di Bella visited Port-au-Prince, Haiti during November 3–7, 2014, to complete discussions for the eighth and final review under the 2010 Extended Credit Facility (ECF) arrangement.1 The mission met with Minister of Economy and Finance Marie Carmelle Jean-Marie, Governor of the Bank of the Republic of Haiti (BRH) Charles Castel, other senior government officials, representatives of the private sector, and development partners.

Parliament wants to reduce the growing pile of unpaid bills, while Council’s proposal, revealed on the very last day of the budget talks, only aggravates the payment crisis, said Budgets Committee MEPs after conciliation talks between member states and the Parliament broke down on Monday night. The Commission will now present a new draft budget.

ECB President Draghi met MEPs today to discuss financial market issues

An International Monetary Fund (IMF) staff team led by Jean-François Dauphin visited Morocco during November 5-17, 2014 to conduct discussions with the Moroccan authorities on the 2014 Article IV consultation, as well as on the first review of economic performance under the Precautionary and Liquidity Line (PLL) arrangement approved in July 2014. The discussions focused on policies to consolidate recent gains in macroeconomic stabilization, and build the foundation for stronger and more inclusive growth.

The European Parliament should grant its consent to the EU-Georgia Association Agreement in December, the Foreign Affairs Committee said in a vote on Monday. The deal, signed on 27 June 2014, aims to establish deep political association and economic integration between the EU and Georgia, leading to the progressive opening up of their markets.

Key stakeholders meet in Brussels
International and local banks active in Ukraine threw their weight behind the country’s financial sector reforms at a meeting of the Vienna Ukraine Financial Forum in Brussels on Friday.

An International Monetary Fund (IMF) mission led by Jan Kees Martijn visited Jamaica during November 5−14, 2014 to conduct discussions on the sixth review of Jamaica’s IMF-supported program under the Extended Fund Facility (EFF).

MEPs condemned Turkey’s “maritime survey” activities as encroaching upon the Republic of Cyprus’ exclusive economic zone and its sovereign right to explore the natural resources within it, in a resolution voted on Thursday. The text also calls on Turkey to stop its “provocative actions” and “threats” against the Republic of Cyprus.