Finance & Economics | WPN World People News

The OECD has taken a major step forward in measuring how we feel about our lives.

Lawmakers in Cyprus are scrambling to find billions of dollars to prop up the country's battered banking system, after rejecting a proposed international bailout deal.

Lawmakers in Cyprus are scrambling to find billions of dollars to prop up the country's battered banking system, after rejecting a proposed international bailout deal.

The World Bank Tuesday approved a $55 million grant from the International Development Association (IDA) to assist Afghan youth to advance their skills and competencies as the country expands its work force.

The World Bank’s Board of Directors approved Tuesday a new financing program to support the Philippines’ critical reforms for accelerating inclusive growth or growth that creates more jobs and reduces poverty.

The Cypriot parliament has overwhelmingly rejected a bailout plan demanded by international lenders that would have taxed the savings accounts of depositors at the island nation's banks.

The World Bank launched its first Country Partnership Strategy with the Government of the Marshall Islands, beginning its support to strengthen the Pacific Island nation’s economy and reduce poverty. The Bank’s Board of Directors discussed the strategy Tuesday and approved its first project, a $3 million plan to help reform the telecommunications sector and boost access to mobile phones and internet for the country's 53,000 people.

Figure 1. Gini index of GDP per capita among sub-national (TL2) regions, 2010 or latest year available.
TL2 regions in the OECD correspond to the first administrative tier of sub-national government. For Brazil these are equivalent to States.