Finance & Economics | WPN World People News

New Zealand is a valued development partner for its small island neighbours, delivering aid effectively and using its experience of natural disasters to help manage risks in the region. It complements its development assistance by using liberal trade and employment systems to support poor countries, according to the OECD’s latest Peer Review of New Zealand.

A mission of the International Monetary Fund (IMF), headed by Abdelrahmi Bessaha, visited Bangui, Central African Republic (C.A.R.) from June 9 to 18, 2015 to hold discussions on a possible financial assistance under the IMF’s Rapid Credit Facility (RCF) to support the authorities’ emergency program.

A mission from the International Monetary Fund (IMF) led by Bhaswar Mukhopadhyay, visited Banjul from June 9-22, 2015 to conduct discussions for the 2015 Article IV consultations and to take stock of performance under the Staff Monitored Program (SMP) approved in April 2015.

Although some parts of Europe suffer from high unemployment rates and employers in other parts struggle to fill vacancies, relatively few people decide to look for a job in another EU country. The European network of Employment Services (Eures) was launched in 1993 to help with this. The employment committee votes on Tuesday 23 June on proposals to improve the Eures network as well as to further integrate Europe's labour markets and facilitate workers' access to mobility services.

Martin Schulz (right) is greeted by British Prime Minister David Cameron outside number 10 Downing Street

The World Bank on June 19 approved US$188 million to improve the reliability and safety of the Guddu Barrage and strengthen the Sindh Irrigation Department’s capacity to operate and manage the barrages.

“Ethiopia’s state-led development model has delivered rapid and broad-based growth over many years. It has also reduced poverty significantly, while keeping inequality low. The outlook for Ethiopia remains highly favorable, reflecting its significant economic potential and productivity-enhancing investments and reforms. Ethiopia’s growth has so far been driven in large part by public investment. To sustain rapid and inclusive growth over the coming years, the private sector will need to play an increasing role as a driver of growth.

The Executive Board of the International Monetary Fund (IMF) on June 19 completed the combined fifth, sixth and seventh reviews of Cyprus’s economic adjustment program supported by the Extended Fund Facility (EFF). The completion of these reviews enables the disbursement of SDR 222.75 million (about €278.4 million), which would bring total disbursements under the program to SDR 594 million (about €742.4 million).

An informal deal to remove the technical obstacles that differing national standards and procedures place in the way of rail operators and rolling stock manufacturers was struck by MEPs and EU and the Latvian Presidency of the Council of Ministers on Wednesday. This deal, on the “technical pillar” of the 4th railway package should cut the time and cost involved in certifying that operators, locomotives and carriages meet safety and technical standards.