Finance & Economics | WPN World People News

On the first day of an historic joint United Nations/World Bank Group mission to the Great Lakes region, the World Bank Group announced $1 billion in proposed new funding to help countries in the region provide better health and education services, generate more cross-border trade, and fund hydroelectricity projects in support of the Great Lakes peace agreement that was signed by 11 countries in February.

With the international economic crisis continuing to bite, the Turkish government has announced it will be seeking to tap into the $1 trillion Islamic financial industry.

The National Statistical Office of Mongolia (NSO) has been conducting the Household Income and Expenditure Survey (HIES) since 1966. It merged the HIES and the Living Standards Measurement Survey (LSMS) in July, 2007 under the title of Household Socio-Economic Survey (HSES), and has been conducting this HSES survey since then.

Tanzania and its East African neighbors could boost their annual Gross Domestic Product (GDP) by up to US$1.8 billion and US$ 830 million respectively by taking measures to improve the efficiency of the Port of Dar es Salaam, according to the latest Tanzania Economic Update published by the World Bank.

A US$5 million grant will improve efficiency, transparency and accountability of public finance management systems and institutions in Yemen and respond to popular demands for government that address the needs of citizens.

Advocates for Philippine migrant workers say they are concerned about the effects of a hiring freeze Taiwan's government has put in place against the Philippines. The move came less than a week after a Philippine Coast Guard crew admitted shooting at a Taiwanese vessel, killing a fisherman.

The Vice Minister of Finance of Lao People’s Democratic Republic, H.E. Santiphab Phomvihane and the World Bank Country Manager for Lao PDR Keiko Miwa, signed today grant agreement in the amount of US$8 million to further support the Government’s efforts in strengthening National Statistical System and improving production, availability and use of quality statistics.

U.S. President Barack Obama says he is focusing on ways to help the American middle class make economic gains, to bring them in line with the economic recovery of big business.

The Executive Board of the International Monetary Fund (IMF) has approved the IMF’s financial year (FY) 2014 administrative and capital budgets and endorsed indicative budgets for FY2015–16.