Finance & Economics | WPN World People News

The World Bank Board of Executive Directors Thursday approved two International Development Association (IDA)* credits totaling US$100 million to support the Government of Mozambique’s efforts to provide income support to extremely poor families and strengthen the capacity and governance of key public institutions to ensure that development of the country’s major offshore natural gas discoveries, as well as its mineral wealth results in poverty reduction.

Morocco’s long-term agricultural vision is to double the value-added of the sector and create 1.5 million jobs by 2020.

New data show that across OECD countries the average tax and social security burden on employment incomes increased by 0.1 of a percentage point to 35.6 per cent in 2012. It increased in 19 out of 34 countries, fell in 14, and remained unchanged in 1.

Something strange is happening to the international labor market. Soaring costs and a changing labor environment in Asia have brought back American jobs that moved overseas in recent years. But experts warn that those returning jobs are small in number, and that American companies are still basing the bulk of their production abroad.

The World Bank Board of Directors approved a new US$100 million programmatic loan to support Panama’s efforts to improve tax revenue, fiscal management and transparency, and make social programs — which currently benefit more than 925,000 Panamanians — more efficient.

Economic studies published Tuesday show a mixed picture of the U.S. economy - the world's largest - which is slowly recovering from the worst recession in decades.

The World Bank’s Board of Executive Directors Tuesday approved US$450 million for two projects in Nigeria to boost employment opportunities for young people in 20 states, and to improve education quality for millions of school children in the West African country.