Finance & Economics | WPN World People News

Libya's oil ministry has reached agreement with the country's army chief and defense and interior ministries to secure exporting terminals, Oil Minister Abdelbari Al-Arusi said, after several protests have caused shipping disruptions.

The OECD Working Group on Bribery regrets that Austria has not had a conviction of bribing foreign public officials despite a number of allegations, 13 years after ratifying the OECD Anti-Bribery Convention. However, enforcement appears to be picking up, with one case being tried, two more cases soon to be tried, and four ongoing investigations.

Qatar threw Egypt an economic lifeline on Tuesday, announcing it had lent Egypt another $2 billion and given it an extra $500 million outright to help control a currency crisis.

The World Bank Board of Executive Directors Tuesday approved a guarantee in support of a commercial loan to the Government of FYR Macedonia in the amount of EUR 155 million.

I complimented the authorities on the country’s strong economic recovery, which the IMF is supporting through a three-year US$615.9-million Extended Credit Facility (about CFA 300 billion) at zero interest rate. I welcomed their ambitious National Development Plan for 2012–15, which should stimulate public investment, boost growth performance, and create job opportunities.

Zambia’s Information Minister said millers of mealie-meal, the flour made from corn which is the country’s staple food, have agreed to sell the commodity at reasonable prices.

Republican lawmakers are not ruling out using America’s debt limit as a bargaining chip in looming deficit reduction battles with congressional Democrats and the Obama administration. A similar partisan dynamic in 2011 led to a downgrade of the nation’s credit rating.

Egypt's Islamist President Mohamed Morsi has expanded the number of Muslim Brotherhood ministers in his Cabinet as part of a reshuffle aimed at improving the government's handling of an economic crisis.

The Middle East and North Africa (MENA) Transition Fund recently received $37.7 million from Canada, the United Kingdom, and France to support good governance, sustainable growth, and greater employment opportunities for youth.