Finance & Economics | WPN World People News

Georgia has achieved significant progress in reducing corruption over the past decade. To build on this progress, the Government should focus on strengthening its professional civil service and ensure independence of the judiciary, according to a new OECD report.

Awamu Biomass Energy Ltd (ABE), Uganda, one of 34 winners of the 2013 SEED Awards, announced by the United Nations Environment Programme (UNEP).

Cities in developing countries are facing unprecedented urban growth, as well as the negative externalities that come with car dependent urban sprawl including congestion, air pollution, greenhouse gas emissions, inefficient use of energy and time, and social inequality of accessibility.

The Pacific Catastrophe Risk Insurance Pilot was renewed for its second season, with Cook Islands newly joining five other participating Pacific island countries - Marshall Islands, Samoa, Solomon Islands, Tonga, and Vanuatu - to gain insurance coverage against earthquake, tsunami and tropical cyclone risk. The second season will run from November 1, 2013 to October 31, 2014.

The Obama administration has again criticized China for significantly undervaluing its currency, but stopped short of labeling Beijing a currency manipulator.

World Bank Group President Jim Yong Kim opened the Global Center for Islamic Finance, together with Turkish Deputy Prime Minister Ali Babacan, as part of a two-day visit to Turkey that focused on enhancing the partnership between the Bank Group and Turkey – the second largest World Bank Group client and a growing key regional player.

On October 23, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on Common Policies of Member Countries with the Central African Economic and Monetary Community (CEMAC).

A new World Bank Group report says that Bangladesh has made notable progress in reforms that make it easier to start and run a business in the country.

The United Nations Economic and Social Council has embarked on a timely slate of far-reaching reforms that will make it a stronger, more issues-oriented body, as Secretary-General Ban Ki-moon notes that mounting global economic, social and environmental pressures “suggest that the world will see continued turbulence in the coming years.”