Finance & Economics
World Bank Increases Support for Kosovo’s Environmental Efforts in the Mining and Energy Sectors
The World Bank Board of Executive Directors today approved a US$4.2 million Additional Financing for the Kosovo Energy Sector Clean-up and Land Reclamation Project to continue addressing environmental issues, remove hazardous chemicals from an old gasification site, and build capacity for environmental good practices in the mining and energy sector.
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Inward investment on the rise as Olympics brings £2.5bn boost to UK
The investment projects generated following the 2012 Olympics’ British Business Embassy programme of global business summits have helped ensure that the UK has again retained its position as the leading European destination for foreign direct investment.
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Regional Integration Key to Africa’s Future Competitiveness
The strides made by African economies in achieving economic growth must be accompanied by efforts to boost long-term competitiveness if the continent is to ensure sustainable improvements in living standards finds a new report, the Africa Competitiveness Report 2013.
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World Bank Continues to Support Upgrading Georgia’s Major Transport Route
The World Bank Board of Executive Directors approved a US$75.0 million equivalent financing for the Fourth East-West Highway Improvement Project (EWHIP4) for Georgia. This is the latest in a series of investments aimed at upgrading the E60 Highway, Georgia’s key transport corridor.
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IMF Sees Positive Outlook for Sub-Saharan Africa
The near-term outlook for Sub-Saharan Africa (SSA) remains broadly positive, with growth projected to accelerate modestly to around 5½ percent in 2013–14, following a year of strong growth in 2012, the International Monetary Fund (IMF) said today. In its May 2013 Regional Economic Outlook, Building Momentum in a Multi-Speed World, the IMF said that these favorable prospects partly reflect the gradually improving outlook for the global economy, while locally, investment in export-oriented sectors is an important driver of growth going forward.
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Despite Wealth of Resources, Africa Lags Economically
“Delivering on Africa’s Promise” is this theme of this year’s World Economic Forum on Africa in Cape Town, where some 1,000 delegates from business, government and non-government organizations gathered to discuss how to improve upon the continent’s recent economic growth.
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Money Motivates Weight Loss -- One Step at a Time
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World Bank will deepen partnership with Vietnam to achieve further poverty reduction, says World Bank Vice President
On his first visit to Vietnam as World Bank East Asia and Pacific Regional Vice President, Axel van Trotsenburg congratulated Vietnam’s Prime Minister Nguyen Tan Dung on the country’s impressive success in reducing poverty.
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Financial Reporting Critical to Growth in Kosovo
Reforms in accounting and auditing in the Republic of Kosovo need to be continued in order for the alignment with the EU acquis communautaire to succeed, says the new Report on the Observance of Standards and Codes (ROSC) on Accounting and Auditing in the Republic of Kosovo, released Wednesday in Pristina by the World Bank.
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Human Rights
Ringing FOWPAL’s Peace Bell for the World:Nobel Peace Prize Laureates’ Visions and Actions
Protecting the World’s Cultural Diversity for a Sustainable Future
The Peace Bell Resonates at the 27th Eurasian Economic Summit
Declaration of World Day of the Power of Hope Endorsed by People in 158 Nations
Puppet Show I International Friendship Day 2020