Finance & Economics | WPN World People News

UN Secretary-General Ban Ki-moon and World Bank Group President Jim Yong Kim on Friday ended a three-day historic mission to the Democratic Republic of Congo (DRC), Rwanda, and Uganda, pledging that both of their global organizations will work closely together to bring peace, security, and economic development for the Great Lakes region that has for so long not experienced the fruits of prosperity.

U.S. Secretary of State John Kerry says global business leaders are moving to invest as much as $4 billion in the Palestinian economy, to support efforts to find a comprehensive peace plan with Israel.

American companies investing in Burma should not let new US government reporting requirements lull them into complacency on human rights concerns. The US “Reporting Requirements on Responsible Investment” in Burma went into effect.

This year marks the tenth anniversary of the EU – Western Balkans Summit, which took place in Thessaloniki in June 2003. It was at this Summit that the EU Member States gave a commitment that “The future of the Balkans is within the European Union”. Ten years on Croatia stands ready to take its place. But what of the other countries?

Bright lights, big city: but most of the displaced settling in Nairobi are consigned to its margins.

UK Prime Minister announced that the UK government intends to sign up to the Extractive Industries Transparency Initiative (EITI). EITI was set up to help tackle corruption, to improve the way revenues from oil, gas and minerals are managed and to make sure that people across the world share in the economic benefits of the natural resources in their country.

Cities can generate growth and jobs while becoming greener – this is the message of the OECD’s new Green Growth in Cities report. Drawing on case studies of Paris, Chicago, Kitakyushu and Stockholm, the report identifies green policies that can respond to urban growth priorities and suggests how to implement and finance them.

The OECD Green Investment Policy Framework

The World Bank’s Board of Executive Directors approved a credit of US$50 million to help Burkina Faso fight poverty and increase social stability by giving unemployed or underemployed young people opportunities for temporary work and skills training.

The World Bank is ready to expand its program in Algeria with support for plans to diversify the economy and strengthen institutions as a catalyst for more robust and inclusive growth. This was the message delivered by World Bank Group Vice President for the Middle East and North Africa Region Inger Andersen during an official visit to Algeria that ended Wednesday.