Finance & Economics | WPN World People News

EU strategies on how to increase safety and efficiency of air traffic management, improve air traffic control and safety, and better protect air passenger interests were discussed, October 10, in Luxembourg at the Meeting of Transport, Telecommunications and Energy (TTE) Council.

The International Monetary Fund (IMF) secured today resources needed to sustain concessional lending to low-income countries (LICs) at an average annual capacity of about SDR 1.25 billion (about US$1.92 billion) over the longer term, which is broadly in line with current estimated demand for IMF support to the world’s poorest countries.

The number of people living in extreme poverty around the world has sharply declined over the past three decades, but in 2010 it still includes roughly 400 million children, or one -third of those living in such abysmal conditions, according to a new World Bank analysis released that for the first time gives an in-depth profile of the poorest people in the world.

The number of people living in extreme poverty around the world has sharply declined over the past three decades, but in 2010 it still includes roughly 400 million children, or one -third of those living in such abysmal conditions, according to a new World Bank analysis released that for the first time gives an in-depth profile of the poorest people in the world.

UK Business Secretary Vince Cable announced that a £25 million boost will be given to small but innovative UK businesses.

A staff team from the International Monetary Fund (IMF), headed by Zuzana Murgasova, visited Belgrade during October 1-7 to discuss recent economic developments and the authorities’ policy agenda for 2014 and the medium term.

New and innovative sources of financing are needed to supplement decreasing official development assistance, United Nations officials said calling for greater private funding and fostering international trade to sustain economic growth and fuel sustainable development.

President Barack Obama has again said he is willing to negotiate with congressional Republicans on broad budget and fiscal issues, but will not do so under threat of a U.S. government default on its debt payments or an ongoing government shutdown.

Nepal ranks as the fourth most climate-vulnerable country in the world and is highly exposed to a range of water related hazards such as floods, droughts and landslides. Current projections predict increased climate variability and increased frequency and higher intensity of extreme events.

More than half the land in the West Bank, much of it agricultural and resource rich, is inaccessible to Palestinians. The first comprehensive study of the potential impact of this ‘restricted land,’ released by the World Bank today, sets the current loss to the Palestinian economy at about US$3.4 billion.