Finance & Economics | WPN World People News

The Government of the Republic of Kazakhstan and the World Bank signed a US$ 21.7 million Grant Agreement for the Kazakhstan Energy Efficiency Project.

Visit of the UN Secretary General Ban Ki-moon to the International Labour Organization.

An International Monetary Fund (IMF) team led by Mr. Matt Davies visited Myanmar during June 4–17 to hold the 2014 Article IV Consultation discussions with the authorities.1 The mission met with Minister of President’s Office U Soe Thane, Union Minister of Finance U Win Shein, Central Bank of Myanmar (CBM) Governor U Kyaw Kyaw Maung, as well as other senior officials, parliamentarians, representatives from private sector and civil societies, donors and the diplomatic community.

The World Bank Group’s Board of Executive Directors approved a US$200 million IDA* credit for Nigeria to improve Oyo State’s disaster risk management capabilities, strengthen community-based resilience capacity, and provide support for risk assessment and early warning systems in Ibadan.

The World Bank Board of Directors approved a US$340 million loan to support the Government of Guatemala’s plans to increase fiscal space and provide greater opportunities to vulnerable populations in the country.

Improving Uganda’s pension systems can help reduce old age vulnerabilities, promote social transformation and accelerate economic development, according to the fourth Uganda Economic Update report launched.

On June 9, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Democratic Republic of the Congo.

The World Bank Group’s Board of Executive Directors has approved US$50 million for Guinea to help improve electricity services for the country’s businesses and families. The project will benefit an estimated 1.5 million people and will promote small business development and private sector investment.

Exports could be an engine of growth and job creation in Tunisia, but the sector is dominated by labor intensive industries that produce low value-added goods, which have not created the quantity and quality of jobs needed by the Tunisian economy. A new World Bank project will support enterprises to produce and export goods and services with higher value addition and to penetrate new markets.