Finance & Economics | WPN World People News

The Executive Board of the International Monetary Fund (IMF) completed the fifth review of Côte d’Ivoire’s performance under an economic program supported by a three-year Extended Credit Facility (ECF) arrangement. The Board’s decision, which was taken without a formal meeting,1 enables the immediate disbursement of SDR 48.78 million (about US$ 75.2 million), bringing total disbursements under the arrangement to SDR 357.72 million (about US$ 551.4 million).

"The British Empire is in deep trouble," concluded American statesman Lyndon LaRouche in his May 31 webcast. Look at the situation globally, he said. We have a burgeoning revolt in continental Europe, involving opposition to the Empire's agenda of war and economic dictatorship in France, Germany, and potentially Italy.

What EU country will be next to join the euro?

In pursuing its price stability mandate, the Governing Council of the ECB has announced measures to enhance the functioning of the monetary policy transmission mechanism by supporting lending to the real economy.

A further 25 employers who failed to pay their employees the minimum wage have been named under the new regime introduced last October 2013, which makes it easier to name and shame wrongdoers. Between them they owe workers more than £43,000 in arrears and in addition have to pay financial penalties totalling over £21,000.

The Ukrainian authorities, commercial banks, International Financial Institutions and other key stakeholders met in Kiev on 5 June to discuss ways to drive forward much-needed reforms in the financial sector.

National ministers in the Justice Council backed the Commission's proposal to modernise European rules on cross-border insolvency (IP/12/1354). The modernised Insolvency Regulation will provide a new approach to help businesses overcome financial difficulties, shifting the focus away from liquidation, while protecting creditors' right to get their money back.

China’s growth will moderate over the medium term as the economy continues to rebalance gradually. Growth is expected to slow to 7.6 percent in 2014, and 7.5 percent in 2015, from 7.7 percent in 2013, according to the World Bank’s China Economic Update released.

The World Bank’s Board of Executive Directors approved a total of US$93.7 million in credits from the International Development Agency (IDA) to the Government of Mongolia to support four projects.