Finance & Economics | WPN World People News

Meghri is located 400 kilometres from the capital Yerevan of landlocked Armenia, over narrow mountain roads which are impassable in winter.

On July, 5, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Brazil.

Brazil’s deep recession appears close to an end. The recession, triggered by large macroeconomic imbalances and a loss of confidence, was exacerbated by declining terms of trade, tight financing conditions, and a political crisis.

On July 13, 2017, the Executive Board of the International Monetary Fund (IMF) completed the first review of Egypt’s economic reform program supported by an arrangement under the Extended Fund Facility (EFF). The completion of the review allows the authorities to draw the equivalent of SDR 895.48 million (about US$1.25 billion), bringing total disbursements to SDR 2,865.53 million about US$4 billion.

On June 23, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Armenia.

Since its independence, Armenia has made significant strides in enhancing macroeconomic stability. Growth has been satisfactory with inflation under control, the fiscal situation broadly well managed, and foreign exchange reserves enhanced. Since late 2014, the significant decline in remittances and the price of copper, Armenia’s main export, have weighed heavily on growth, and adversely impacted the fiscal position.

Amidst strengthening recovery in the global economy since late 2016, Vietnam’s gross domestic product (GDP) expanded by 5.7 percent during the first half 2017, while inflation has so far moderated and core inflation remains low, at less than 2 percent.

Work has started on the 1.5 miles of rail track, known as the ‘Halton Curve’, that will unlock leisure and business opportunities between the Liverpool City Region, its airport, Cheshire and North Wales.

Smaller cities in Bulgaria and Hungary are more business-friendly as they vie to compete with their respective capitals of Sofia and Budapest, a new World Bank Group report finds.

On 12 July 2017, the EU ambassadors agreed the Council's position on the 2018 EU draft budget, ahead of the negotiations with the European Parliament starting in October.

Mr Cairns will visit Japanese electronics company Panasonic Manufacturing on the outskirts of Cardiff which has had a presence in Wales since 1974.