Finance & Economics | WPN World People News

An International Monetary Fund (IMF) team, led by Mr. Édouard Martin, visited Bangui from April 24 through May 3, 2019 to conduct discussions for the sixth and final review of the Central African Republic’s economic reform program supported by an Extended Credit Facility (ECF).

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.

On April 24, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Paraguay.

U.S. Treasury Secretary Steven Mnuchin says he hopes to makes "substantial progress" in trade talks with China, as the world's two largest economies try to reach a resolution to their trade war.

Economic growth in the Gulf Cooperation Council (GCC) region is expected to increase from 2.0% last year to 2.1% in 2019, before accelerating to 3.2% in 2020 and stabilizing at 2.7% in 2021, according to the new World Bank’s Gulf Economic Monitor released in Abu Dhabi, on May 1st.

The World Bank, on May 1st, launched the Climate-Smart Mining Facility, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable. The Facility will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles.

With Egypt’s economic reforms showing early signs of success, the World Bank Group on April 30, announced a two-year year extension to its 2015-2019 Country Partnership Framework (CPF). The decision was announced following a formal review of the results of the current Framework by the World Bank Group’s Board of Executive Directors, in a process known as a Performance and Learning Review. The extension aims to maintain the momentum on reforms, to ensure continued progress toward inclusive growth, job creation and more and better opportunities for all Egyptians.

Bangladesh is among the few countries in South Asia that has increased female employment in the last decade while also cutting the wage gap between men and women significantly and it should keep this momentum going to create more gender equality, says a World Bank report released, on April 28.

The OECD Working Group on Bribery has repeatedly recommended since 2012 that Russia rectify key legislative deficiencies in order to comply with the Convention on Combating the Bribery of Foreign Public Officials in International Business Transactions (Anti-Bribery Convention). Russia must also increase foreign bribery enforcement, having failed to investigate or prosecute a case involving the bribery of foreign public officials in the seven years since ratifying the Anti-Bribery Convention.

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.