Finance & Economics | WPN World People News

About 15,000 young Jamaicans will benefit from training, digital work opportunities and seed investments to boost the digital and animation industries in the country as a result of a US$ 20 million loan for a Youth Employment in Digital & Animation Industries Project approved by the World Bank Board of Directors.

U.S. President Barack Obama says business leaders worldwide, for the first time in over a decade, have declared America, instead of China, as the best place to invest.

The World Bank Group announced that its financing commitments in roads, bridges, energy, clean water, and other critical infrastructure projects grew by 45 percent to US$24.2 billion in the fiscal year 2014, up from US$16.7 billion in the previous year. The jump in financing was due to increased demand from developing countries.

World Bank Group President Jim Yong Kim at the press conference in Hanoi on July 17, 2014.

The World Bank’s Board of Executive Directors launched a new strategy to help the Democratic Republic of São Tomé and Príncipe (STP), implement the country’s Second Poverty Reduction Strategy Paper, agreeing to provide up to $20 million in IDA* resources over four years to help cut poverty (currently above 60 percent), increase growth, create jobs, and reduce the country’s vulnerability to shocks.

The European Parliament called for stronger measures to fight unemployment among young people, including common minimum standards for apprenticeships and decent wages, in a resolution passed on Thursday. EU funding of employment-related programmes should also be increased in future budgets, it added.

Left: Employment rates
Employment as a percentage of
the working-age population
Right：Change in OECD employment rates
Percentage points

On July 3, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Nepal.