Finance & Economics | WPN World People News

The World Bank unveiled a new plan to help African countries strengthen their human capital on April 11. The objective of the plan is to enable Africa’s young people to grow up with optimal health and equipped with the right skills to compete in the digitizing global economy.

Leading development finance institutions launched a new joint website on Apr. 10 that provides in-depth economic analysis of the countries they support and helps them address key challenges.

April 10, 2019 – The 15th Procurement, Integrity, Management and Openness (PRIMO) Forum began in Tashkent with more than 100 participants from 25 countries. Since 2005, the PRIMO Forum has served as a global platform for the exchange of knowledge and experiences in public procurement reform.

A new report into the Urban Youth Employment Project (UYEP) has found that participation in the program significantly increases the employment rates for both young men and women in Port Moresby and is benefiting the welfare and prospects of participants and the communities where they live.

Source: Labour Force Statistics‌‌

The Executive Board of the International Monetary Fund (IMF), on April 5th, completed the third review of Argentina’s economic performance under the 36-month Stand-By Arrangement (SBA) that was approved on June 20, 2018. The completion of the review allows the authorities to draw the equivalent of SDR 7.8 billion (about US$10.8 billion), bringing total purchases since June 2018 to SDR 28.01371 billion (about US$38.9 billion).

Economic growth in the Europe and Central Asia region slowed to 3.1% in 2018, and is projected to decline to 2.1% in 2019, amid slowing global growth and uncertain prospects, according to the World Bank’s Economic Update for Europe and Central Asia, released on April 5th.

A staff team from the International Monetary Fund (IMF) led by Xiangming Li visited São Tomé and Príncipe during March 20-April 4, 2019 for discussions on a new program supported by the IMF’s three-year Extended Credit Facility (ECF) arrangement.