Finance & Economics | WPN World People News

British and Dutch regulators have fined ride-hailing company Uber $1.2 million for what it said were inadequate security measures that left personal data at risk for a cyber attack.

An International Monetary Fund (IMF) mission led by Mr. Roberto Cardarelli visited Argentina during November 9–16, 2018 to conduct discussions on the Second Review of Argentina’s IMF-supported program under the Stand-By Arrangement (SBA).

The Executive Board of the International Monetary Fund (IMF) on November 21, completed the first review of Malawi’s performance under its program supported by a three-year arrangement under the Extended Credit Facility (ECF).

The International Centre of Insect Physiology and Ecology (ICIPE signed an initial US$ 3.8 million grant agreement with the World Bank on November 23, as part of a larger US$ 9 million grant by the Government of Korea to support the Regional Scholarship and Innovation Fund (RSIF) aimed at building world-class class scientific capacity across Sub-Saharan Africa.

An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar from November 7-17, 2018 to conduct discussions on the sixth review of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017, in an amount equivalent to SDR314.5054 million, or about US$434.3 million.

Economic growth in Timor-Leste is expected to accelerate to 3.3 percent in 2019 and 4.9 percent in 2020, according to a new World Bank report released here on November 22. The October 2018 Timor-Leste Economic Report underscored that this rebound would be supported by stronger public spending, as well as renewed consumer and business confidence.

An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during November 6–19, 2018, to review recent economic developments and initiate discussions on possible options for engagement with the Mozambican authorities in 2019.

An International Monetary Fund (IMF) team led by Esteban Vesperoni visited Tegucigalpa from November 12-16 to assess recent economic developments since the completion of the 2018 Article IV consultation in May and the medium-term outlook.

A new World Bank report explores how Timor-Leste can develop a sustainable economy that benefits all people in the country by increasing investment in human capital and service delivery, boosting economic growth, promoting private sector job creation, and sustainably managing the environment and public finances.

An International Monetary Fund (IMF) mission led by Boileau Loko visited Libreville during November 7–16 to conduct discussions on the third review of Gabon’s extended arrangement under the Extended Fund Facility (EFF).