Finance & Economics | WPN World People News

Fiscal Year 2012-2013 has been a record year for the World Bank in Nepal in terms of new commitments. The Bank is closing the fiscal year with US$ 180 million in disbursement, a 25 percent disbursement ratio exceeding target, and about US$ 416 million in new commitments, the highest recorded for a single financial year.

Minister of Natural Resources and Environment of the Russian Federation Sergey Donskoy and the World Bank Country Director for Russia Michal Rutkowski signed a US$40 million Loan Agreement

UNDP has helped establish small, women-run agricultural business cooperatives in rural Lebanon.

Courses in ski chalet hosting, personalising key fobs and making friendship bracelets all have public funding removed.

The International Day of Cooperatives provides an opportunity to spotlight how such enterprises can help build resilience in all socio-economic spheres in times of “global uncertainty,” United Nations Secretary-General Ban Ki-moon said.

Portugal's leaders worked to save their coalition government after two cabinet members resigned. The political turmoil in Portugal has been rocking the markets, and analysts say it is a clear indicator the eurozone crisis is far from over.

Economic growth in 2013 is forecast to remain below trend at an estimated 3.6 percent according to the World Bank’s latest Turkey Regular Economic Brief issued in Ankara.