Finance & Economics | WPN World People News

Figure 1. Link between the TCU audit report and main findings on the Accounts of the President of the Republic
Share of total report content linked to qualifications and recommendations, by audit fiscal year

The impact of climate change will be especially acute in the Middle East and North Africa (MENA) region, according to a new World Bank Group report, and immediate action will be needed to avoid the projected consequences of worsening water shortages and rising food insecurity.

Luxembourg allocated 0.97% of its gross national income, or USD 413 million, to official development assistance in 2011.“Luxembourg is the Development Assistance Committee’ s third most generous donor as a portion of its economy – after Sweden and Norway – and it has a high quality programme” says Brian Atwood, Chair of the DAC. “We commend Luxembourg’s commitment to keeping its ODA at 1% of GNI until 2014”.

The World Bank’s Executive Directors on last Thursday discussed the Country Partnership Strategy Progress Report (CPSPR) for FYR Macedonia.

The world cannot afford for high and volatile food prices to be the “new normal,” while millions of people continue to suffer from hunger and to die from malnutrition, the World Bank Group warned on last Thursday.

The World Bank Tuesday approved a US$500 million loan to Tunisia that continues Bank support for key reforms as the government manages the country’s political transition.