Finance & Economics | WPN World People News

View of the city of Dhaka, Bangladesh.

A farmer harvests mung beans in Cambodia's northern province. After harvest season, farmers like her move from the lowlands to the highlands to get better value for their crops.

The World Bank, on May 3, announced that it has mobilized over half a billion dollars in new resources to help people in Mozambique, Malawi, and Zimbabwe affected by the assessed impact of Cyclone Idai.

On March 18, 2019, the Executive Board of the International Monetary Fund (IMF) discussed a paper providing country-level guidance on the role, and design of, fiscal policies for implementing climate mitigation strategies that countries have submitted for the 2015 Paris Agreement and for addressing vulnerabilities in disaster-prone countries.

Governments need to overhaul their approach to employment and jobs to reduce further social and economic tensions, according to a new report from the OECD. Without rapid action, many people, particularly the low skilled, will be left behind in the fast-changing world of work.

Employment is rising in OECD countries but most jobs continue to be created in relatively low-productivity, low-wage activities, says a new OECD report.

A new US$200 million World Bank project will provide increased and more reliable supply of electricity to about 2.5 million Iraqis and productive enterprises in the governorates of Basra, Al-Muthanna, Thi Qar, and Missan who currently suffer from frequent and long power cuts and rely on private or shared generators to cover the shortages within the public network.

An International Monetary Fund (IMF) team, led by Ms. Corinne Deléchat, visited Yaoundé during April 23—May 3, 2019 to conduct discussions on the fourth review of the program supported by the Extended Credit Facility (ECF) that was approved in June 2017.

Supporting faster growth, increasing productivity and investing in opportunities for people, especially in less developed regions is the aim of the new 2019-24 World Bank Group (WBG) Country Partnership Framework (CPF) for the Republic of Croatia, endorsed by the Board of Executive Directors, on May 2nd.