Finance & Economics | WPN World People News

The Executive Board of the International Monetary Fund (IMF) has reviewed a non-complying purchase by Greece totaling SDR 2.79 billion (about €3.3 billion) that was made on January 18, 2013, following the completion by the Executive Board of the first and second reviews under Greece’s Extended Arrangement under the Extended Fund Facility.

Global agricultural production is expected to grow 1.5% a year on average over the coming decade, compared with annual growth of 2.1% between 2003 and 2012, according to a new report published by the OECD and FAO.

A new World Bank-CMI-EIB and ISESCO report titled “Transforming Arab Economies: Traveling the Knowledge and Innovation Road” shows how an economy based on innovation and knowledge can help promote greater economic growth and spur competitiveness.

Workers at Sonapi Industrial Park, Port-au-Prince, Haiti.

International Labour Organization (ILO) Director-General, Guy Ryder.

Secretary-General Ban Ki-moon addresses the fifth Tokyo International Conference on African Development (TICAD V).

Digital jobs can offer young people their first step towards formal employment.

Tiananmen Square. June 4th, 1989.

The Governing Council of the European Central Bank (ECB) welcomes Euribor-EBF’s decision to introduce separate Eonia and Euribor panels with a view to encouraging banks to join or re-join the reference rate panels according to their level of activity and knowledge of market segments. In the light of this decision, the ECB strongly encourages banks to remain in, join or re-join the reference rate panels in order to ensure an appropriate level of participation, so that the reference rates serve their purpose of adequately reflecting market developments.

The EU Commission is currently working on a directive which, if enforced, will create conditions throughout Europe as bad or worse than those in Greece and Cyprus—mass poverty, hunger, and early death. Because in future impending bankruptcies of large banks, savings, pensions, pension funds, and working capital of businesses will be confiscated and converted into equity of the bank.