Finance & Economics

Sound Financial Sector and Export Competitiveness Key to Minimize External Shocks and Reduce Poverty in Moldova

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Hong Kongers Unperturbed by Beijing Economic Threats

The official China National Tourism Administration is barring mainland tour groups from traveling to Hong Kong. Wednesday's edict marks a strategic shift in the way Beijing is attempting to rein in and, analysts suggest, sow division, in the Hong Kong special administrative region, where democracy protests are growing by the day.

World Bank Report: Young People in Tunisia Still Frustrated by Social and Economic Obstacles

A multi-dimensional policy is needed to address the many facets of exclusion and to promote greater youth participation

Three years after the revolution, young people in Tunisia have a limited presence in politics, continue to face high levels of unemployment and are not systematically consulted on key issues that directly affect them. A new report from the World Bank and the Center for Mediterranean Integration maps out the sources of this ongoing disenfranchisement and offers suggestions on the holistic approach needed to overcome them.

Statement at the Conclusion of an IMF Mission to Côte d’Ivoire

A team from the International Monetary Fund (IMF) led by Mr. Michel Lazare visited Abidjan from September 17 – October 2, 2014, to conduct discussions on the sixth review of Côte d’Ivoire’s economic and financial program supported by an arrangement under the Extended Credit Facility (ECF).

IMF Staff Reaches Preliminary Staff-Level Agreement on the First Review Under the Extended Fund Facility Arrangement and Concludes 2014 Article IV Mission to Armenia

An IMF mission led by Mark Horton visited Yerevan during September 17–30 to conduct discussions for the First Review under the Extended Fund Facility (EFF) arrangement and the 2014 Article IV consultations.

Boosting Shared Prosperity is Key to Tackling Inequality, says World Bank Group President

“For the first time in the history of the World Bank Group, we have set a goal that aims to reduce global inequality.” — World Bank Group President Kim

World Bank Group President Jim Yong Kimy called for economic growth that creates more just societies, and he defined the institution’s goal of boosting shared prosperity as the World Bank Group’s way of tackling the global challenge of inequality.

IMF Staff Concludes 2014 Article IV Mission to Algeria

An International Monetary Fund (IMF) mission, led by Mr. Zeine Zeidane, visited Algeria September 17-October 1, 2014, for the annual Article IV discussions. The consultation will conclude with the preparation of a report that, subject to management approval, could be discussed by the IMF Executive Board in December 2014.

Under-taxing drivers is bad for environment and health, OECD says

Advanced economies are pushing up carbon emissions, traffic congestion and air pollution by under-taxing company cars and diesel fuel, according to new OECD research.

OECD annual inflation eases slightly to 1.8% in August 2014

Consumer prices, selected areas
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August 2014 percentage change on the same month of the previous year

Expansion of Morocco’s Largest Solar Complex to Provide 1.1 Million Moroccans with Clean Energy

The World Bank Group’s Board of Executive Directors approved a US$519 million project to support Morocco’s ongoing efforts to reduce its dependency on fossil fuels by developing its renewable energy resources. The project will back the government’s strategy of harnessing power from the sun through the use of concentrated solar power technology.