Finance & Economics | WPN World People News

Employment Committee MEPs today approved paternity leave, non-transferable parental leave and measures to boost women’s chances in the labour market.

China expressed shock Wednesday at the Trump administration's decision to prepare 10-percent tariffs on another $200 billion of Chinese imports covering thousands of products, the latest move in an escalating trade war between the world's two largest economies.

A mild recovery supported by accommodative monetary and fiscal policies is currently underway. But the economy is underperforming relative to its potential, public debt is high and increasing, and, more importantly, medium-term growth prospects remain uninspiring, absent further reforms. Against the backdrop of tightening global financial conditions, placing Brazil on a path of strong, balanced and durable growth requires a committed pursuit of fiscal consolidation, ambitious structural reforms, and a strengthening of the financial sector architecture .

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) launched its first green bond for fiscal year 2019. The bond brings the institution’s overall green bond issuance to 143 bonds that have raised nearly US$11 billion from investors around the world since 2008.

An International Monetary Fund (IMF) mission led by Lisandro Ábrego, IMF Mission Chief for Equatorial Guinea, visited Malabo on July 2–11 to conduct discussions on the first review of Equatorial Guinea’s Staff-Monitored Program (SMP), approved by Management in May 2018.

Ireland's Senate has passed a bill banning imports of goods and services from Israeli settlements in the West Bank.

The President of the European Commission, Jean-Claude Juncker, and the President of the European Council, Donald Tusk, represented the European Union. Ukraine was represented by its President, Petro Poroshenko. The High Representative of the EU for Foreign Affairs and Security Policy and Vice-President of the Commission Federica Mogherini, Vice-President Maroš Šefčovič, Vice-President Valdis Dombrovskis, and Commissioner Cecilia Malmström also participated for the European Union.

Mongolia’s economic performance has improved dramatically with GDP growth increasing from 1.2 percent in 2016 to 5.1 percent in 2017 and 6.1 percent in the first quarter of 2018. While short- and medium-term economic prospects remain positive, Mongolia faces core structural vulnerabilities that hinder its potential, according to Mongolia Economic Update, the latest World Bank report on Mongolia’s economy launched here on July 6.

On June 22, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Tuvalu.

Tuvalu has maintained macroeconomic stability. Real GDP growth is estimated to have risen to 3.2 percent in 2017 on large infrastructure and housing projects, in preparation for the Polynesian Leaders’ Summit in 2018 and the Pacific Forum Secretariat Summit in 2019.