Finance & Economics | WPN World People News

Joint statement by ILO Director-General Guy Ryder and OECD Secretary-General Angel Gurría on the occasion of the G20 Labour and Employment Ministers’ Meeting, Moscow, 18-19 July 2013

The leaders of seven multilateral organizations have issued a joint appeal for global support of a report issued by a high-level UN panel that calls for ending extreme poverty and promoting sustainable development.

India can make green growth a reality by putting in place strategies to reduce environmental degradation at the minimal cost of 0.02% to 0.04% of average annual GDP growth rate. According to a new World Bank report released, this will allow India to maintain a high pace of economic growth without jeopardizing future environmental sustainability.

The World Bank Board of Executive Directors approved an International Development Association (IDA) credit of US$110 million equivalent in support of the Government of Mozambique’s poverty reduction priorities.

Business start-up rates remain below pre-crisis levels – particularly in the Euro area – indicating that entrepreneurs may continue to be suffering from restrictive lending conditions, according to new OECD data released in the latest issue.

The Syrian government is moving to shore up the value of its free-falling currency, imposing harsh penalties on black-market dealing in foreign currencies.

On 14–16 July, the meeting of the EU Council Working Party on Competitiveness and Growth (attaché) is to be held in Vilnius and Trakai. The discussion will focus on the EU Single Market for innovative small and medium-sized enterprises. The participants will discuss obstacles faced by SME’s in developing their activities in the EU internal market and measures to be taken to improve the business environment in the EU.

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

The UK government and automotive industry are investing £500 million each over the next ten years in an Advanced Propulsion Centre (APC) to research, develop and commercialise the technologies for the vehicles of the future.