Finance & Economics | WPN World People News

On September 26, global leaders from governments, private sector companies, trade unions and civil society pledged to take concrete action towards closing the gender pay gap by 2030. The global commitments – to ensure women in every sector of the workforce are paid equally to men for doing work of equal value – were made at the Equal Pay International Coalition (EPIC) Pledging event held during the United Nations General Assembly in New York.

The World Bank Group announced on Wednesday the creation of PROBLUE, a new multi-donor trust fund that will support healthy and productive oceans by tackling marine pollution, managing fisheries and fostering the sustainable growth of coastal economies.

Labor, taxation and social welfare policies in Georgia and other countries around Europe and Central Asia must be brought into the 21st century to tackle rising inequality between groups and help workers effectively manage growing inequality and increased uncertainty in the region.

Last November, during the budgetary negotiations, Parliament and Council decided to place in reserve €70 million in pre-accession funds for Turkey (€70m in commitment appropriations and €35m in payment appropriations), under the condition that “Turkey makes measurable, sufficient improvements in the fields of rule of law, democracy, human rights and press freedom, according to the annual report of the Commission.”

The Financial Stability Board (FSB) and International Monetary Fund (IMF), on September 25, published the third progress report on the implementation of the second phase of the G20 Data Gaps Initiative (DGI-2).

On August 31, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Trinidad and Tobago and considered and endorsed the staff appraisal without a meeting.

Three years on from the commitments made at COP21 in Paris, the overwhelming majority of governments have not taken the necessary action to contain growing risks to the climate. With emissions on the rise again, OECD governments need to get serious about shifting their economies to a low-carbon model and stop investing in carbon-intensive infrastructure.

The OECD welcomes France’s recently announced plans to increase its foreign aid flows, particularly in the form of grants, and prioritise the most fragile countries, commitments that respond to recommendations made in a new DAC Peer Review of France.

The global economic expansion appears to have peaked, with diverging growth prospects worldwide and intensifying risks, according to the OECD’s latest Interim Economic Outlook.

Labor, taxation and social welfare policies in the European Union must be upgraded to protect vulnerable workers and tackle rising inequality brought about by rapidly changing labor markets and new technologies, says a new World Bank report, Toward a New Social Contract: Taking on Distributional Tensions in Europe and Central Asia.