Finance & Economics | WPN World People News

The World Bank and the Government of Liberia signed on April 27 a US$36.7 million grant from the Government of Norway to support the country’s efforts to improve the integrated management of targeted forest landscapes and increase the sharing of benefits.

The World Bank’s Board of Executive Directors on April 27 approved International Development Association credit in the amount of US$42.2 million for the Modernizing Higher Education Project.

The OECD Working Group on Bribery in International Transactions has repeatedly over 15 years urged Argentina to strengthen its efforts to fight corruption and foreign bribery. During that time, the Working Group has recommended that Argentina change its laws to hold companies liable for corruption and to extend jurisdiction to Argentines who commit foreign bribery overseas.

Young volunteers clean garbage from the Yamuna River banks in India.

Enhancing the quality and efficiency of public spending for education and healthcare, and prioritizing resources in the Union Budget are critical to improving living standards and incomes for the people of Myanmar, according to the findings of a recently completed Public Expenditure Review. The Ministry of Planning and Finance and World Bank Group presented the report in Nay Pyi Taw on April 27, launching a comprehensive analysis of spending policies between 2009 and 2013.

On March 30, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Bahrain.

The European Commission's proposal for automatic exchange of corporate tax information among national tax authorities was welcomed by Economic and Monetary Affairs Committee MEPs on Tuesday as a positive step in the fight against aggressive corporate tax planning. But MEPs also advocated adding further safeguards in the text to ensure that competition in the single market is not distorted by advantageous national tax deals with multinationals.

While Sri Lanka has been successful in establishing and growing its apparel manufacturing industry, more can be done to realize its potential as a regional hub and to continue to boost opportunities, especially for women and the poor, according to a new World Bank report.

Chile has improved its regulatory policy in recent years, but could see benefits from further measures and a comprehensive effort to improve the way it prepares and issues new laws and regulations, according to a new OECD report.