Finance & Economics | WPN World People News

Nearly 35,000 residents from tourist localities in the North of Haiti will benefit from new infrastructure, economic opportunities and support to cultural events as a result of a US$ 45 million grant from the International Development Association (IDA) approved by the Board of Directors of the World Bank.

Gross domestic product

Percentage change on the previous quarter, seasonally adjusted data
Note: Growth rate presented in this chart are based on data with more than one decimal.

The World Bank’s Board of Executive Directors has approved two credits to Ghana, the first of which will bring senior secondary education to thousands of students in under-served areas while also improving the quality of secondary education programs. The second will help ensure that pregnant women, mothers and young children receive critical health and nutrition services.

A sustainable fiscal position and strong public financial management systems are key elements for building the institutions of a future Palestinian state. The World Bank Board of Executive Directors approved a US$40 million grant to support the Palestinian Authority’s (PA) strategic reform priorities.

The IMF has published a Board Paper on Budget Institutions in G-20 Countries. The 2008 global economic crisis left many G-20 countries facing large and long-term fiscal consolidation needs. A substantial body of evidence suggests that institutional arrangements for budgetary decision-making are an important factor if the success or failure of fiscal adjustment.

An International Monetary Fund (IMF) team led by Mr. Tim Callen, IMF Mission Chief to Saudi Arabia, held discussions during May 4-15 on the 2014 Article IV Consultation with Saudi Arabia. The completion of the Article IV Consultation is subject to the discussion by the IMF Executive Board.

About 190 000 producers, investors and members of agricultural organizations in the Centre Artibonite region in the heart of Haiti will benefit from improved access to local markets and services as a result of a US$58 million grant from the International Development Association (IDA) approved by the World Bank Board of Directors.

Even in countries where clear legal protections for women’s ownership of land exist, local customs often continue to work against equality for female farmers, according to new data released this week by FAO and the World Bank.

The Executive Board of the International Monetary Fund (IMF) has completed its annual review of the Fund’s income position for the financial year ending April 30, 2014 (FY 2014) and set the margin for the lending rate for IMF credit for FY 2015 and FY 2016.