Finance & Economics | WPN World People News

Lao PDR is taking steps to lessen the impact of natural disasters and will continue to improve the country’s national water resources management systems, in partnership with the World Bank. The World Bank’s Board of Executive Directors approved financing support of $30 million for the Lao PDR Southeast Asia Disaster Risk Management (DRM) Project and $25 million of additional funding for the Mekong Integrated Water Resources Management (MIWRM) Project.

The 2010 Digital Agenda for Europe envisaged bringing basic broadband to all Europeans by 2013 and ensuring fast broadband coverage for all Europeans by 2020, as well as having over 50% of households subscribe to ultra-fast broadband by 2020.

On June 28, 2017, the Executive Board of the International Monetary Fund (IMF) discussed a staff paper on “ Increasing Resilience to Large and Volatile Capital Flows: the Role of Macroprudential Policies. ”

Responding to the Scottish GDP figures published on July 5th, which show 0.8 per cent growth in the Scottish Economy in 2017’s first quarter

Universities and Science Minister Jo Johnson Tuesday (4 July 2017) confirmed the government is investing £100 million to attract highly skilled researchers to the UK through its new Ernest Rutherford Fund.

The capacity of the Port of Dar es Salaam will be increased to 25 million tons over the next seven years following the World Bank Board of Executive Directors’ approval of a $345 million credit and a $12 million grant to the new Dar es Salaam Maritime Gateway Project (DSMGP). The investments in the Port will also improve waiting time to berth from 80 hours to 30 hours as well as overall productivity.

Ukraine aims to improve management of its public resources, reduce corruption, and boost governance reform through the Strengthening Public Resource Management Project, which is jointly supported by the European Union and the World Bank. A EUR 3.03 million grant provided by the European Union will be implemented by the main beneficiaries – the Ministry of Finance and the National Agency of Civil Service – with the World Bank support.

On June 30, 2017, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) for Chad for SDR 224.32 million (about US$ 312.1 million, or 160 percent of Chad’s quota) to support the country’s stabilization and recovery strategy.

The audit focused on the four EU Member States with the most spending on young farmers (i.e. those under 40 years of age): France, Spain, Poland and Italy. The auditors found significant differences between the management of “Pillar 1” payments, which provide an additional 25 % to young farmers on top of direct payments, and “Pillar 2” payments made to young farmers setting up for the first time.