Finance & Economics | WPN World People News

The Development Committee on Saturday endorsed the World Bank Group’s goal to end extreme poverty within a generation as “ambitious”, saying that this endeavor by the Bank was a “historic opportunity” to make a difference.

Counterfeiting activities account for over €200 billion in losses for the world economy and it is estimated that such losses may climb further. They harm the European economy, as they damage legitimate business and starve innovation. And fake goods compete unfairly with genuine products, putting many jobs at risk in Europe.

International Monetary Fund Deputy Managing Director Nemat Shafik and the authorities of Mauritius signed a Memorandum of Understanding on Mauritius’ support for the IMF’s new Africa Training Institute. The Memorandum specifies the contribution that Mauritius is providing, which covers the costs of accommodating and training over 200 sub-Saharan African country officials per year through two-week courses, as well as housing and equipping the Institute.

A single European airspace will not emerge without greater leadership from the European Commission and a better enforcement of EU legislation, said the European Economic and Social Committee (EESC) during its April plenary session.

The warning came in the form of an opinion on the Single European Sky II +, which was adopted at the EESC's plenary session following a request from the European Commission.

The 2013 edition of World Development Indicators (WDI), released Thursday, includes the latest available data on global development, poverty, the quality of people's lives, the environment, the economy, the functioning of states and markets, and global links of finance, trade, and migration.

An International Monetary Fund (IMF) mission, the met with Minister of Finance and Economic Planning Amb. Claver Gatete, National Bank of Rwanda (NBR) Governor Hon. John Rwangombwa and other senior officials, as well as representatives of the private sector and development partners.

Greece's international lenders say the debt-ridden country is meeting their demands to improve its economy and is on track to get more bailout money in the coming weeks.

Driven by strong domestic demand, economies of developing East Asia and Pacific continue to be an engine of global growth, growing at 7.5 percent in 2012 -- higher than any other region in the world, says the World Bank in its latest analysis of the regional economy.

The Global Forum on Transparency and Exchange of Information for Tax Purposes has released reports evaluating the tax systems in Belize, Finland, Iceland, Nauru, Poland, Portugal, Sweden and Turkey.

Significant progress was made on Banking Union, a key to stability in Europe and on promoting funding for investment in SME's and Corporates at the Informal meeting of EU Finance Ministers (ECOFIN) in Dublin. The decision to extend the maturities on the EFSF and EFSM loan represents a very positive development and will enhance the prospects of Portugal and Ireland of making a full and sustainable return to the market.