Finance & Economics | WPN World People News

In its newly released Mongolia Economic Update, the World Bank said that the Mongolian economy is facing challenges from the large balance of payments pressure and high inflation. The World Bank underscored that the economic vulnerability will likely continue under the current growth-oriented policies and urged that monetary and fiscal policies be tightened in order to restore economic stability and maintain financial soundness.

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As Thailand’s military presses on with economic reforms, the country’s economy is showing signs of recovery following months of political turmoil that led to the military coup in May.

On June 26, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the United Arab Emirates.

The Executive Board of the International Monetary Fund (IMF) completed the third review of Liberia’s economic performance under the three-year arrangement under the Extended Credit Facility (ECF) for Liberia.

The government of Guinea and the World Bank have signed a new development financing agreement in Conakry to improve electricity access for homes and businesses in the energy-starved West African country.

The Brazilian government says it has invested billions of dollars in infrastructure, security and social enhancements as part of the preparations for the World Cup. While the government says these investments will have long-term benefits for society, independent analysts say the impact is mixed.

Income levels in most developing and emerging countries will not catch up with advanced economies for many decades without efforts to boost productivity, according to a new report by the OECD Development Centre.