Finance & Economics | WPN World People News

Samoa began participating in the International Monetary Fund’s (IMF’s) General Data Dissemination System (GDDS) on September 25, 2012, marking a major step forward in the development of its statistical system.

The World Bank’s Board of Executive Directors yesterday endorsed a new Country Partnership Strategy (CPS) for Ethiopia to build on the country’s development progress over the last five years of its previous country strategy and to help its government and communities go further in their efforts to create more growth, more jobs, better health and education, and significantly less poverty.

Trends in total OECD pension funds assets, 2001-2011
In USD trillion

Producer Support Estimates by country in % of gross farm receipts, 2010 and 2011

The European Commission/European Central Bank/International Monetary Fund mission in Athens will take a brief pause from its discussions with the authorities on the programme review. It expects to return to Athens after about a week. During this period some mission experts will remain in Athens to assist the authorities with further technical work, while contacts will continue with the authorities from respective headquarters. The mission has had productive discussions with the authorities since early September and has made good progress during this period. The mission looks forward to continuing those discussions soon in Athens, with the goal of reaching agreement on a set of economic policies that could provide the basis for a successful completion of the review.

The European Union on September 19, 2012 committed €3 million (about US$3.9 million) to an International Monetary Fund (IMF) trust fund to help South Sudan develop essential macroeconomic institutions, policies and skills through the IMF’s expert capacity development activities.

“Last year’s severe crop failure, caused by drought throughout the region, led to a sharp contraction in the Gambian economy. In 2011, The Gambia’s real gross domestic product (GDP) fell by about 5 percent.

The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of Sierra Leone’s economic performance under a program supported by the Extended Credit Facility (ECF) arrangement. The completion of the review enables the disbursement of an amount equivalent to SDR 4.44 million (about US$6.9 million), bringing total disbursements under the arrangement to an amount equal to SDR 22.2 million (about US$34.4 million).