Finance & Economics

Donors must do more to align development finance with climate goals

Donor countries must do more to bring development finance in line with climate goals, raising the share used for climate action and reducing to zero the amount that supports new fossil fuel activities, according to a new OECD report.

International trade statistics: trends in third quarter 2019

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Countries should strengthen pension systems to adapt to changing world of work

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Campaigners welcome manifesto commitment on pension tax relief loophole

The Low Incomes Tax Reform Group (LITRG) has welcomed a commitment in the Conservative manifesto to ‘conduct a comprehensive review to look at how to fix’1 an injustice which means many low-income workers unfairly miss out on tax relief.

International community has achieved unprecedented success fighting offshore tax evasion

On 26-27 November, the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris will bring together more than 500 delegates from 131 member jurisdictions for renewed...

IRS updates per diem guidance for business travelers and their employers

The Internal Revenue Service on November 26 issued guidance for business travelers, updated to include changes resulting from the Tax Cuts and Jobs Act (TCJA).

GDP Growth - Third quarter of 2019, OECD

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Note: Growth rates presented in this chart are based on data with more than one decimal.

Children paying a high price for inequality

Rising income inequalities in OECD countries over the past two decades have hit vulnerable children hard, making it less likely they will fulfill their economic and social potential later in life, according to a new OECD report.

UN chief calls for ‘green and clean’ development in message for Africa Industrialization Day

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As part of a UNDP-led green renovation project, technicians install solar panels at a police...

World Bank Group Celebrates 20 Years of Partnership in Kosovo

The World Bank Group celebrated 20th anniversary of its engagement in Kosovo, which dates back to 1999, when the World Bank Group joined international efforts to support Kosovo’s reconstruction and recovery and opened a field office in the country....