Finance & Economics

World Bank Group’s New Strategy Supports Greener and More Inclusive Growth in China

Knowledge sharing and cooperation are at the core of the new strategy

The World Bank Group’s Board of Directors discussed a new Country Partnership Strategy (CPS) for the People’s Republic of China covering the Bank’s fiscal years 2013-2016. The Board endorsed the strategy's overall goals of helping China achieve greener growth, more inclusive development, and mutually beneficial relations with the world.

Development: Finland should not back-track on its aid commitments, says OECD

Finland is making efforts to improve its development co-operation, sharpening the focus of its efforts and emphasising the importance of human rights.

1.7 million Vietnamese in rural communities to gain access to safe water with new World Bank financing linked to delivery of results

Safe clean water for 1.7 million people, improved sanitation for 650,000 people --- these are the services that Vietnamese in 8 provinces in the Red River Delta will receive through the government’s National Target Program (NTP) for Rural Water Supply and Sanitation.

Economics, Trade to Feature in Asia-Europe Summit

The strengthening of economic ties between Asia and Europe, along with regional stability and security, will be featured in talks this week when leaders of 49 countries hold a two-day summit in Vientiane, Laos.

Small and medium-sized enterprises growth key to economic stability in emerging Arab democracies

European Bank for Reconstruction and Development outlines measures to support enterprises in the region

Job creation via the development of successful small and medium-sized enterprises (SMEs) will be a crucial element in the transition to economic stability in burgeoning democracies in the Middle East and North Africa, Sir Suma Chakrabarti, the President of the European Bank for Reconstruction and Development, said on Thursday.

Organization for Security and Co-operation in Europe supports trade facilitation through better customs procedures

An Organization for Security and Co-operation in Europe (OSCE)-supported training course on the harmonized customs procedures within the Customs Union between Belarus, Kazakhstan and Russia concluded today in Astana.

Investment: G20 governments must step up efforts to resist protectionism, says OECD, WTO, UNCTAD report

The OECD, WTO and UNCTAD have called on G20 governments to step up efforts to resist protectionism in the face of continuing high unemployment and a weak economic recovery.

The Democratic Republic of Timor-Leste Begins Participation in the IMF’s General Data Dissemination System

The Democratic Republic of Timor-Leste began participating in the International Monetary Fund’s (IMF’s) General Data Dissemination System (GDDS) on October 31, 2012, marking a major step forward in the development of its statistical system.

Economic co-operation to support democratic transition in Mediterranean focus of OSCE Rome conference

Supporting democratic transition and political reforms through economic co-operation in the Southern Mediterranean region is the topic of a two-day OSCE conference that opened yesterday in Rome.

Statement at the Conclusion of an IMF Staff Mission to Togo

An International Monetary Fund (IMF) mission led by Montfort Mlachila visited Togo during October 22-30, 2012, to review recent economic developments, the draft supplementary budget for 2012, and the draft 2013 budget. It also analyzed preparatory documents for the creation of a revenue authority.