The Indonesian economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger domestic and external demand, according to the World Bank’s December 2017 Indonesia Economic Quarterly.
The number of Americans living in poverty and the already high income inequality could worsen further in the days to come, making the United States the most unequal society in the world, the United Nations expert on extreme poverty and human rights warned Friday.
The World Bank’s Board of Executive Directors approved a US$150 million loan today to improve farm produce distribution systems in China’s southeastern province of Jiangxi, which will benefit over 200,000 farmers through more efficient farm-to-market supply chains.
Climate action is not just about controlling global temperatures. It can also be a driver of development and poverty reduction all over the world. At the COP 23 Climate Conference in Bonn, Germany, in November, multilateral development institutions showed themselves to be more committed than ever to the urgent and central issue of supporting and financing these critical goals.
The Asian Development Bank’s (ADB) Board of Directors has approved a $380 million loan to help the Philippine government strengthen the road network and spur economic development in Mindanao, the country’s second largest island with about 20 million people.
New economic projections for Latin America and the Caribbean show moderate recovery in 2018 and growth the following year – with favoured expansions in consumption and domestic investment, the United Nations reported Thursday.
China and Pakistan have been working to promote the construction of the CPEC project through sustenance of Joint Cooperation Committee (JCC). According to the available in formation on the official websites of the CPEC, there are five working groups which include long-term planning, energy, transportation infrastructure, industrial cooperation and Gwadar Port.JCC deals with the overall planning and coordination while the above mentioned working groups are responsible for the detailed planning and implementation of the projects under CPEC.
Relations between India and Russia are rooted in history, mutual trust and mutually beneficial cooperation. This is a strategic partnership that has withstood the test of time, and which enjoys the support of the people of both countries.