Finance & Economics | WPN World People News

South Africa is one of the most technologically advanced countries in Africa, yet two-thirds of its adults have never used the Internet.

Effective September 27, 2013, the International Bank for Reconstruction and Development (IBRD) has moved all loans to the Islamic Republic of Iran from non-performing status to performing status following the payment of all overdue amounts on these loans.

Attracting new participants, strengthening support for small firms and better controlling EU spending are the key aims achieved by Industry and Research Committee MEPs on Thursday when they approved the research and innovation programme Horizon 2020 and the SMEs programme COSME.

The World Bank organized two training workshops ending for government officials and representatives from NGOs and banks aiming to enhance the capacity and competency for implementing the provisions of targeted financial sanction and Anti-Terrorism Law under the United National Security Council Resolutions (UNSCRs) and Financial Action Task Force (FATF) Recommendations.

The sixth ministerial level meeting of the ‘Friends of Yemen’ commended Yemen’s political and economic achievements despite challenging circumstances. Yemen’s partners eagerly anticipate the conclusion of the National Dialogue, the critical political process aimed at resolving differences and laying the foundation for a new constitution.

Parliament and Council negotiators reached a deal Tuesday evening on outstanding Common Agricultural Policy (CAP) reform issues such as co-financing rates for rural development and cuts to payments to big farms, after the Council showed flexibility on issues of crucial importance to Parliament: The deal was based on the new mandate adopted on 23 September by the Agriculture and Fisheries Council.

Dr. Jim Yong Kim, President of the World Bank Group, met with Michel Sleiman, the President of Lebanon, to begin work on a plan for coping with the spillovers from the fighting in Syria.

The European Stability Mechanism's current legal setup would not allow it to become a "backstop" lender to a newly-created EU bank resolution fund, ESM Managing Director Klaus Regling told Economic and Monetary Affairs Committee MEPs on Tuesday.

The World Bank will support the installation of a modern, high-efficiency power plant in Mon State, as part of Myanmar’s power expansion plan and the cornerstone of the World Bank Group’s support for Myanmar’s energy sector.

MEPs raised the possibility of suspending or even terminating the EU-US Terrorist Finance Tracking Programme (TFTP), during the discussion on Tuesday about the NSA's alleged tapping of the SWIFT company's international bank-transfer data at the Civil Liberties Committee's third hearing on US and EU countries' surveillance schemes.