Finance & Economics | WPN World People News

Romania needs to develop deeper and more liquid financial markets in order to sustain economic growth, according to World Bank Group experts at a capital markets conference in Bucharest.

On October 29, 2014, the Management of the International Monetary Fund (IMF) completed the third review under the Staff-Monitored Program (SMP) with Zimbabwe and approved a successor SMP covering the period October 2014 – December 2015.

A staff team from the International Monetary Fund (IMF), led by Doris Ross, visited Mozambique during October 22-November 6, 2014 to hold discussions towards the completion of the third review under the three-year Policy Support Instrument (PSI) 1 approved in June 2013.

ecretary-General, Angel Gurría with Slovakian Prime Minister, Robert Fico.

A staff team of the International Monetary Fund (IMF) led by Bjorn Rother visited Ashgabat during October 29−November 4, 2014. The team assessed macroeconomic developments and discussed economic challenges and policy priorities with senior government officials as well as representatives of the private sector and the diplomatic community.

EU accounts should measure the achievements of EU-funded projects, and not just payment errors, said Budgetary Control Committee MEPs debating the European Court of Auditors (ECA) annual report on EU spending in 2013 on Wednesday. Data from member states on how they spend EU funds are too often unreliable, they added. The ECA presentation marks the start of the 2013 "discharge” exercise in which Parliament vets spending. The overall error rate in 2013 was 4.7%, slightly down on 2012.

A mission from the International Monetary Fund (IMF) led by Mr. Montfort Mlachila visited Libreville from October 22 to November 5, 2014 to conduct the 2014 Article IV consultation discussions.

Consumer prices, selected areas

September 2014 percentage change on the same month of the previous year

The EU should make available aid worth €8.8 million to help find or create new jobs for workers made redundant by fashion retailer Sprider Stores in Greece and jewellery maker Andersen Ireland Limited in Ireland, recommended the Budgets Committee on Tuesday. The European Globalisation Adjustment Fund (EGF) aid still has to be approved by Parliament as a whole and the Council of Ministers.

South Africa lifts 3.6 million people out of poverty and cuts the rate of extreme poverty by half, as a result of its use of fiscal policy. Tax and social benefits effectively redistribute income from the rich to the poor, according to the South Africa Economic Update released by the World Bank.