Finance & Economics | WPN World People News

The International Comparison Program (ICP) released new data showing that the world economy produced goods and services worth over $90 trillion in 2011, and that almost half of the world’s total output came from low and middle income countries.

A new survey reveals what is important to young people in the EU

“Expansionary macroeconomic policies, slowing trade-partner growth, and falling competitiveness caused the current account deficit to reach 10 percent of GDP last year. Meanwhile, output growth has remained low and inflation high. With high external debt payments this year, financing needs are large.

On April 10th, International Monetary Fund (IMF) and World Bank staff co-chaired the 8th meeting of the Technical Working Group (TWG) on Sudan’s external debt during the 2014 IMF–World Bank Group Spring Meetings. Official bilateral and multilateral creditors, delegations from the Government of Sudan and South Sudan, and a representative of President Mbeki, Chair of the African Union High Level Implementation Panel (AUHIP), attended the meeting.

The international community continues making progress toward greater cooperation to ensure effective information exchange in tax matters. The Global Forum on Transparency and Exchange of Information for Tax Purposes issued 12 new reports that highlight action being taken by jurisdictions to implement the international standard for exchange of information on request.

International Monetary Fund (IMF) and World Bank staffs have prepared and issued to the Executive Boards of both institutions the Revised Guidelines for Public Debt Management for information on April 1, 2014. Application of these guidelines should strengthen the international financial architecture, promote policies and practices that contribute to financial stability and transparency, and reduce member countries’ external vulnerabilities.

A congressional researcher and a university professor from the Philippines talk about how the World bank's Open Data site helps them in their work.