Finance & Economics

World Bank Continues to Support Modernization of Russia’s National Hydromet System

The World Bank’s Board of Directors approved a US$60 million loan to co-finance with the Russian Federation a US$139.50 million Second National Hydromet System Modernization Project (Roshydromet-2) in Russia. The project will assist the Russian Federal Service on Hydrometeorology and Environmental Monitoring to further enhance the national capacity to deliver reliable and timely weather, hydrological and climate information to the Russian citizens, regional and municipal governments, and economic sectors dependent on weather, water, and climate.

Fourth Arab Conference to strengthen humanitarian partnership opens in Kuwait

Under the patronage of H.E. Deputy Prime Minister of Kuwait and Minister of Foreign Affairs, Sheikh Sabah Khaled Al-Hamad Al-Sabah, the Fourth Annual Conference on Effective Partnership & Information Sharing for Better Humanitarian Action opened in Kuwait City.

Innovation is key to new global development agenda’ – UN youth summit

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ITU Secretary-General Hamadoun Touré (right) with President Laura Chinchilla of Costa Rica at the BYND 2015 Global Youth Summit in San José.

Korean Industrial Zone Reopens as North-South Ties Improve

Thousands of workers from both South and North Korea returned to the joint Kaesong industrial complex to restore operations after escalating threats of war forced it to shut down five months ago.

European Union and OECD agreed to foster the progress in developing global standard of automatic exchange of tax information

The second day of the Informal ECOFIN meeting in Vilnius benefited from the discussion on the vision of future shape of the financial system with particular attention on crisis prevention and a discussion about fight against tax fraud and evasion.

European Union and OECD agreed to foster the progress in developing global standard of automatic exchange of tax information

The second day of the Informal ECOFIN meeting in Vilnius benefited from the discussion on the vision of future shape of the financial system with particular attention on crisis prevention and a discussion about fight against tax fraud and evasion.

Opportunities available to UK firms in landmark Hong Kong cultural project

The development of one of the world’s largest cultural projects in Hong Kong will create considerable opportunities for UK companies, West Kowloon Cultural District Authority CEO Michael Lynch announced.

World Bank Supports Efficient Public Finance Management in Russia

The World Bank’s Board of Directors approved a US$50 million loan to co-finance with the Russian Federation a US$133.571 million Public Finance Management Technical Assistance Project in Russia. The project will assist the Ministry of Finance, as well as the Federal Tax Service, the Federal Treasury, the Ministry of Economic Development, and Rosfinnadzor to improve transparency and results focus in public financial management and build institutional foundations for improved budget efficiency, effectiveness and accountability.

http://www.worldbank.org/en/news/press-release/2013/09/13/world-bank-sup...

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World Bank Supports Efficient Public Finance Management in Russia

The World Bank’s Board of Directors approved a US$50 million loan to co-finance with the Russian Federation a US$133.571 million Public Finance Management Technical Assistance Project in Russia. The project will assist the Ministry of Finance, as well as the Federal Tax Service, the Federal Treasury, the Ministry of Economic Development, and Rosfinnadzor to improve transparency and results focus in public financial management and build institutional foundations for improved budget efficiency, effectiveness and accountability.

IMF Convenes Caribbean Forum on Sustainable Growth

The International Monetary Fund (IMF) and the Ministry of Finance of The Bahamas will hold a conference on “Building Growth into the Caribbean Sustainability Agenda—a Concerted Approach,” on September 19 and 20, 2013 in Nassau, The Bahamas. The conference is being held in collaboration with the Caribbean Development Bank (CDB), the Inter-American Development Bank (IDB), the International Finance Corporation (IFC), and the World Bank.