Finance & Economics | WPN World People News

Hundreds of thousands of elected sub-national governments worldwide provide services and levy taxes on residents and companies. The trend towards decentralisation over the past 20 years has increased their capacity to affect the economic and fiscal course of their country, while the global economic crisis has created new challenges for balancing budgets at all levels of government.

The Executive Board of the International Monetary Fund (IMF) today completed the sixth and final review of Kenya’s economic program supported by a three-year arrangement under the Extended Credit Facility (ECF). The completion of the review enables the immediate disbursement of an amount equivalent to SDR 71.921 million (about US$110.2 million), which will bring total disbursements to the full arrangement amount of SDR 488.52 million (about US$748.4 million).

The World Bank’s Board of Executive Directors has approved major financing for Ethiopia to transform the quality of its teaching and learning for more than 21 million children in primary and secondary schools across the country. The impact of such a large-scale project is expected to be transformational as the fast-growing country continues to invest heavily in its children.

Cognitive, behavioral and technical skills are required for the Vietnamese workers to meet changing demands of employers

Can you hear me? An aid worker in Tacloban at an emergency hub.

The European Commission has proposed new rules on the protection of undisclosed know-how and business information (trade secrets) against their unlawful acquisition, use and disclosure.

Working mums and dads learn how the new system of shared parental leave will work for them and their employers, in an announcement by UK Deputy Prime Minister Nick Clegg.

The World Bank Board of Directors approved an International Development Association* grant of US$26 million to support the Government of Burundi’s objectives to achieve greater transparency in public finance management, diversify the economy, and strengthen social safety nets to improve the quality of life for the country’s poorest families.

The nuclear deal between Tehran and the so-called P5+1 — the United States, Britain, China, France and Russia, plus Germany — is spurring hope of some revival for Iran's struggling economy.