Today’s job market demands more specialized skills, with migration and technology helping—not hurting—chances of high-quality employment, according to the March 2015 issue of Finance & Development (F&D) magazine.
The IMF Executive Board approves $36.5 million in debt relief to Liberia in the form of a grant from a new trust set up to help low-income countries recover from natural disasters. The IMF says the move aims to help Liberia counter effects of the Ebola crisis.
An IMF staff team in Ghana reaches agreement with the government on a new economic reform program that would be supported by an IMF loan of about $940 million. The loan would back a program aimed at boosting economic growth and tightening fiscal discipline.
The IMF Executive Board approves release of $25.9 million to Guinea under the West African country’s existing IMF-backed program, and also boosts financing under the program by an extra $37.7 million, to help the country fight Ebola.
The plunge in oil prices since mid-2014 shows that Gabon’s plan to diversify its economy away from overdependence on oil is clearly the right way to go and is now more relevant than ever, IMF staff says in a regular review of the Central African nation’s economy.
SDR Rates for March 3
SDR Interest Rate = 0.050%| 1 USD = SDR 0.712497MORE