Finance & Economics | WPN World People News

Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the World Bank Group pledged close collaboration to support development and growth.

The leaders emphasized the need for coordinated efforts to achieve the Millennium Development Goals by 2015, which aim to end poverty and hunger, increase access to education and health care, improve gender equality, and ensure environmental sustainability.

As of this week, foreigners living in and visiting North Korea can access Twitter, Facebook, and other social media on their mobile phones, providing what could be an unprecedented, real-time view of the notoriously isolated country.

A farmer tends her newly planted Jatropha crop that can grow in extremely arid conditions and which can be used to fuel diesel engines.

Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the World Bank Group have pledged close collaboration to support development and growth.

Azerbaijan and the Kingdom of Lesotho have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Countries visited on John Kerry's first trip overseas as Secretary of State, February 24 to March 6, 2013

The Executive Board of the International Monetary Fund (IMF) last Wednesday completed the first review of Bangladesh’s economic program under a three-year arrangement supported by the Extended Credit Facility (ECF).

The latest Brussels economic forecast indicates Europe is not yet out of its economic troubles.

The U.S. Department of the Treasury issued a general license to authorize additional U.S. economic activity in Burma. The general license, issued by the Office of Foreign Assets Control (OFAC), allows individuals, companies, and financial institutions to conduct most transactions – including opening and maintaining accounts and conducting a range of other financial services – with four of Burma's major financial entities: Myanma Economic Bank, Myanma Investment and Commercial Bank, Asia Green Development Bank, and Ayeyarwady Bank. This action will give U.S. companies and non-governmental organizations greater access to some of the largest Burmese banks and allow these financial entities to access the U.S. financial system. Today's general license supports the July 2012 easing of U.S. economic sanctions on Burma that authorized new investment in Burma by U.S. persons and encourages additional U.S. economic involvement in Burma.