Finance & Economics | WPN World People News

This year, the Latin America and the Caribbean region (LAC) will be growing at 3.0 percent, more in line with global trends.

The World Bank’s Board of Directors today approved a US$24 million second additional financing for the Third Partnership for Polio Eradication Project (TPPEP) to support the Government of Pakistan’s efforts to immunize 34.8 million children against the crippling effects of polio with the goal of eradicating the disease from the country.

Unemployment rose in Spain for the second-consecutive month, as talks of a European bailout intensify. Meanwhile, officials warned the economy is likely to shed more jobs in the next few months.

Tens of thousands of protesters took to the Paris streets Sunday in the latest bout of European anger over tough austerity plans.

The Executive Board of the International Monetary Fund (IMF) on Sep. 28, 2012 approved the distribution of SDR 1.75 billion (US$2.7 billion) in remaining windfall gold sales profits as part of a strategy to bolster the IMF’s concessional lending vehicle for low-income countries and make it sustainable.

Dr. Jim Yong Kim, President of the World Bank Group, committed his institution’s best efforts and expertise to Yemeni President Abed Rabbo Mansour Al-Hadi, during a meeting on Sep. 29, 2012.

The World Bank Group announced that it would provide US$1.2 million to fund a new global partnership formed to strengthen the capacity of developing countries to make their biosafety regulations more efficient and harmonized.

The Representative of the Irish Chairperson-in-Office of the OSCE, Minister for European Affairs Lucinda Creighton meets with Albania's Prime Minister Sali Berisha during her visit to Albania, Tirana, 28 September 2012.