Finance & Economics | WPN World People News

The World Bank’s Board of Executive Directors discussed a new Country Partnership Strategy (CPS) for the Kyrgyz Republic that will guide the support of the World Bank and International Finance Corporation (IFC) to the country in 2013-2017.

Bread for the World strongly opposes the 2014 State and Foreign Operations Appropriations bill approved by the House Appropriations Committee.

After weeks of intensive talks, I can announce that I am satisfied with the offer of a price undertaking submitted by China’s solar panel exporters, as foreseen by the EU’s trade defence legislation. This is the amicable solution that both the EU and China were looking for.

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the United States.

The World Bank Group committed a record US$14.7 billion in fiscal year 2013 (July 2012 to June 2013) to support economic growth and better development prospects in Africa despite uncertain economic conditions in the rest of the global economy.

Four hundred thousand people will be carried daily by the Quito Metro, once the first subway line in this South American city is operational. To make this project viable, the Executive Board of the World Bank approved a loan of US$205 million to the Municipality of Quito through the International Bank for Reconstruction and Development (IBRD) window, which provides support for the development of middle-income countries, such as Ecuador.

The World Bank announced the sanctioning of Sinclair Knight Merz Pty (SKM), following the company’s self-reporting to the World Bank’s Integrity Vice Presidency (INT) of corrupt misconduct relating to Bank-financed projects in the East Asia and Pacific region.

The World Bank Group (WBG) committed $11.8 billion in fiscal year 2013 (July 2012 to June 2013) to support Latin America and the Caribbean resilience in the midst of global turmoil.

The OECD welcomes Chile’s plan to improve the way it calculates the Consumer Price Index (CPI). The plan focuses primarily on proposals by the Chilean Statistical Office (INE) to better capture price changes for clothes and footwear, to ensure that the CPI accurately reflects inflation. The proposals are in line with recommendations from the OECD at the time of Chile’s accession to the Organisation in 2010, and in its follow-up review of Chile’s statistical system and statistics two years after the country’s accession in 2012.