Finance & Economics | WPN World People News

The World Bank Group announced that it will mobilize US$100 million in emergency development funds to help restore key government services and provide much-needed food, healthcare, and other vital supplies for the people of the Central Africa Republic (CAR) after violence overwhelmed their country in recent months, and displaced more than 25 percent of the population.

Interparliamentary Conference on Economic Governance of the European Union: On the podium, Martin SCHULZ, Vangelis MEIMARAKIS, José Manuel BARROSO and Herman VAN ROMPUY

Switzerland needs to do more to help people with mental disorders find a job or stay in work, according to a new OECD report.

The Ministry of Labor, The Ministry of Development and the World Bank launched a new joint report on “Good Jobs in Turkey”, and presented the Bank’s recent regional report “Back to Work: Growing with Jobs in Europe and Central Asia”.

The World Bank announced that Tonga will be the first country to benefit from a payout under the Pacific Catastrophe Risk Insurance Pilot and will receive an immediate payment of US $1.27 million towards recovery from Cyclone Ian.

On January 8, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the 2013 Article IV Consultation with Solomon Islands. On the same day, the Executive Board also completed the second review under the Extended Credit Facility (ECF) arrangement with Solomon Islands, and approved US$0.23 million disbursement.

On January 8, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the 2013 Article IV Consultation with Solomon Islands. On the same day, the Executive Board also completed the second review under the Extended Credit Facility (ECF) arrangement with Solomon Islands, and approved US$0.23 million disbursement.

An estimated 39.5 million Kenyans have benefited from better health and nutrition services being provided by the Government with the support of the World Bank and other development partners. More than half of these beneficiaries were females, according to the Ministry of Health’s health management information data.

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Korea.
GDP growth has bottomed in 2013 after slowing sharply in 2012. The economy expanded by 1.1 percent in Q2 and Q3 2013, with exports rebounding and private consumption and construction strengthening. Real GDP growth is projected to reach 2.8 percent in 2013. Reflecting stronger exports and muted domestic demand, the current account surplus widened and is expected to reach around 5¾ percent of GDP.

The World Bank’s Board of Executive Directors approved a credit of US$60 million to help strengthen Vietnam’s social assistance system by developing innovations in management and service delivery nationwide, and piloting these innovations in four provinces in north, central and south Vietnam.