Finance & Economics | WPN World People News

On September 6, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Azerbaijan.

An International Monetary Fund (IMF) staff team led by Ms. Uma Ramakrishnan visited Kingston from September 9–19, to conduct discussions on the sixth and final review of Jamaica’s financial and economic program supported by the IMF’s precautionary Stand-By Arrangement (SBA).

An International Monetary Fund (IMF) staff team led by Allison Holland visited Addis Ababa, Ethiopia, from September 10 to 13 to meet with the Somali authorities and undertake the first review under the fourth successive Staff Monitored Program (SMP) (covering May 2019 - July 2020).

On September 9, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bangladesh.

On September 18, rehabilitation work began on the 22.6km Laulara to Solerema section of the 110km Dili to Ainaro road corridor, which has been under rehabilitation with support from the International Development Association (IDA)-funded Timor-Leste Road Climate Resilience Project. The total cost of the project is $140.85 million.

South Korea has followed through with a pledge to remove Japan from a preferred list of nations that enjoy fast track trade status, the latest chapter in an escalating diplomatic dispute tied to Japan's 20th century occupation of the Korean peninsula.

China needs to foster new drivers of growth to address productivity challenges, intensify reforms and promote greater innovation in the economy, according to a new report jointly released by China’s Development Research Center of the State Council (DRC), China’s Ministry of Finance and the World Bank Group (WBG).

Source: Labour Force Statistics‌‌

China says it will lift tariffs on U.S. soybeans, pork and some other farm goods in yet another sign of easing tensions between the two countries ahead of trade talks scheduled for next month.