Finance & Economics

Cyprus Banks to Remain Closed Until Thursday

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Data Enthusiasts Convene at the Bank to Tackle Poverty and Anti-Corruption

More than 150 people gather for the DC Big Data Exploration

Big data was the buzzword over the weekend at the World Bank. More than 150 topic experts, data scientists, civic “hackers,” civil society groups and development practitioners gathered for the DC Big Data Exploration event to analyze data and tackle questions related to eliminating poverty and rooting out corruption and fraud on development projects.

Mixed Messages on Potential US Budget Pact

Republican lawmakers are sending mixed messages about their willingness to compromise with President Barack Obama on the components of a deal to reduce America’s long-term federal deficit.

New World Bank Group Strategy to support economic diversification and private sector development

The World Bank Group (WBG) Board of Directors on last Thursday discussed the Country Partnership Strategy (CPS) for Zambia for the period 2013 -2016. The strategy focuses on promoting diversification and private sector development to help Zambia achieve its goal of becoming a prosperous Middle Income Country by 2030.

Women in MENA Enter Labor Markets at Half Global Rate says World Bank Report

Constraints include legal and social barriers, inadequate skills, limited private sector prospects

The Middle East and North Africa (MENA) region has taken admirable strides over the past four decades to bridge gender gaps, especially in the areas of education and health.

Bread for the World Urges Congress to Balance the Budget Without Cutting Vital Programs

Bread for the World is encouraged that lawmakers in the House and Senate are working to balance our nation’s budget. The faith-based anti-hunger organization urges both chambers to work together on a solution that protects programs that help people in need.

US Senate Report Attacks Big Bank's Trades

A new U.S. Senate report is sharply condemning the country's biggest bank, JPMorgan Chase, for its risky trading practices and lack of controls that resulted in a $6 billion trading loss last year.

European Union to observe elections in Paraguay on 21 April 2013

The European Union, in response to an invitation by the Paraguayan authorities, is deploying a mission to observe the General Elections of 21 April. The Chief Observer of the European Union Election Observation Mission (EU EOM), Ms Renate Weber MEP, arrived in Asunción.

FEATURE: Developing countries experiencing unprecedented growth, says UN report

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Rice fields in Sichuan, China.

Private Investors Raise Kenya’s Energy Generation Capacity to Support Growth with Equity

World Bank provides $35 million and €7 million Partial Risk Guarantees for Gulf Power Ltd

Kenya’s electricity generating capacity is set to receive an 80 megawatt boost when a new private power project sponsored by local investors is completed in the next 12 months.