Finance & Economics | WPN World People News

For the first time, Fiji has access to funding through the International Development Association (IDA), the World Bank Group’s arm for supporting the world’s most in-need countries, including funding for key regional development projects and to support the country in the event of a crisis.

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.

The World Bank Group (WBG) Board of Executive Directors, on April 25 endorsed the new Argentina Country Partnership Framework (CPF) until 2022. The partnership will focus on working with the country to reduce poverty through sustainable, private-sector led growth.

Lower-paid workers in Mauritius are to some extent catching up to their higher-paid counterparts over time, according to Mauritius: Earnings Mobility and Inequality of Opportunity in the Labor Market, a new World Bank report released on April 24. Inequality remains high, however, and the characteristics that drive earnings inequality also keep individuals from benefitting from earnings mobility, and therefore women, young people, and less-educated workers not only face lower initial earnings, they also face more difficulty in catching up with high-paid workers during their time in the work force.

Peru’s remarkable economic growth since the 2000s and policies targeting the most vulnerable young people have helped boost the youth employment rate. Peru should now focus on improving job opportunities for low-skilled youth, young women and indigenous and Afro-Peruvian youth, according to a new OECD report.

U.S. officials have expressed confidence that those who have been operating under waivers to buy Iranian oil will be able to find alternative supplies when those waivers expire next week.

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.

Japanese prosecutors have indicted jailed former chairman of Nissan Motor Company Carlos Ghosn on a fresh charge of aggravated breach of trust under Japan's Companies Act.

An International Monetary Fund (IMF) staff team led by Björn Rother met with the Tunisian authorities in Washington, DC on the sidelines of the IMF Meetings on April 11-16 to discuss the authorities’ economic reform program and their policy plans for the Fifth Review of the Extended Fund Facility (EFF) arrangement.

A drone on display in the exhibition area at the UN World Data Forum in Dubai, United Arab Emirates. 23 October 2018.