Finance & Economics | WPN World People News

A mission from the International Monetary Fund (IMF), led by Montfort Mlachila, visited Malabo from June 29 to July 13 to conduct the 2016 Article IV consultation discussions.

The Second Municipal Services Improvement Project (MSIP2) for FYR Macedonia was approved by the World Bank Board of Executive Directors on January 11, 2016. All further decisions related to effectiveness and implementation are made by World Bank management according to World Bank policies and procedures. This includes an initial decision by Management to delay effectiveness by several months to avoid implementation in an immediate pre-election environment in municipalities.

The full potential of labour mobility between Australia, New Zealand and the Pacific region remains largely untapped, according to a new report launched by the World Bank and the Australian National University (ANU) during the Pacific Update Conference in Suva, Fiji, on 18 July.

Four new grants from Japan totaling US$ 2.17 million will support the Iraqi government’s development and reform programs to enhance institutional efficiency and promote inclusive growth.

The World Bank’s Board of Executive Directors approved $150 million in financing for a $317.5 million project supporting urban development, urban transport and climate change resilience in China’s Ningbo Municipality, one of the nation’s fastest-growing urban areas.

On June 20, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Peru, and considered and endorsed the staff appraisal without a meeting.

Despite a pick-up in domestic consumption, GDP growth slowed in Q1 because of slower inventory build-up, according to the July edition of the World Bank’s Turkey Regular Economic Brief, issued on 15 July in Ankara. The seasonally and working day adjusted GDP growth slowed to an annualized rate of 3.3 percent q-o-q in Q1, as compared with 4 percent in 2015 as a whole.

Despite a pick-up in domestic consumption, GDP growth slowed in Q1 because of slower inventory build-up, according to the July edition of the World Bank’s Turkey Regular Economic Brief, issued in Ankara, on 14 July. The seasonally and working day adjusted GDP growth slowed to an annualized rate of 3.3 percent q-o-q in Q1, as compared with 4 percent in 2015 as a whole.

The World Bank Group (WBG) has rolled out a new six-year program for its engagement in Lebanon, underlining the need to support the country as it grapples with a myriad of political and socio-economic hardships largely linked to regional turmoil. The strategy broadly aims to recalibrate confidence of citizens in the state that has been deeply shaken by political instability, inadequate public services, shrinking economic opportunities and fallouts of the conflict in Syria.