Finance & Economics | WPN World People News

When the authors of this study decided last year to set out a new concept for peace in the 21st Century, by producing a revised version of the World Land-Bridge program—23 years after the first proposal for the Eurasian Land-Bridge—it was their intention not only to provide a concept for reconstruction of the world economy, but to present a war-avoidance strategy in the context of an acute strategic crisis at the same time. For in the intervening years, the danger of an intentional—or even an accidental—thermonuclear world war has grown dramatically. The attempt, fed by geopolitical motives, to associate Ukraine with the EU, and thus bring it, de facto, into the NATO sphere of influence, has triggered a series of escalating confrontations, which, in the worst case, could end in the extinction of the human race.

The World Bank’s Board of Executive Directors approved a loan and grant financing package for rural infrastructure as well as small business and livelihood projects for farmers and fisherfolk in the Philippines. The assistance aims to raise rural incomes and reduce poverty in the country.

Under-Secretary-General Acharya addresses opening of the Private Sector Partnerships Forum in Apia, Samoa.

The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) held a workshop on “Tax-Customs Interaction” in Beirut, Lebanon from August 26-28, 2014. It was attended by senior representatives of both tax and customs authorities from the Middle East and North Africa (MENA) region. In total, 32 delegates from 10 countries attended. The countries represented included: Algeria, Iraq, Jordan, Lebanon, Morocco, Oman, Palestine, Saudi Arabia, Sudan and Yemen.

Artur Radziwiłł, Undersecretary of State in the Ministry of Finance of the Republic of Poland, and Mamta Murthi, World Bank Country Director for Central Europe and the Baltic Countries, signed the first Resilience and Growth Development Policy Loan (DPL) of EUR700 million (US$966 million equivalent) for Poland.

The International Monetary Fund (IMF) and the East African Community (EAC) this week launched a collaborative program to improve the compilation and dissemination of Government Finance Statistics (GFS) for Burundi, Kenya, Rwanda, Tanzania, and Uganda. The inaugural workshop was held in Arusha, Tanzania, from August 25-29, 2014.

Americans have to keep fighting to build a "stronger middle class in today's changing economy," U.S. President Barack Obama said in his weekly address Saturday.

The Government of India, the Government of Mizoram, and the World Bank signed a $107 million credit agreement for the Mizoram State Roads II – Regional Transport Connectivity Project to improve transport connectivity in the state of Mizoram and to help open up the potential for regional trade among neighboring countries.