Finance & Economics

Exiting the EU: The financial settlement

The total amount the UK will pay in the financial settlement on leaving the EU remains uncertain and could differ to the £35 billion to £39 billion that government has estimated, says the National Audit Office (NAO).

2017: Bigger Trade Deficit and an Even Bigger Economy

During 2017, under the first year of President Trump, the U.S. trade deficit increased by 9.7 percent to $571.6 billion -- and that’s not a bad thing.

Russia Demands Compensation for US Tariffs on Aluminum, Steel

Russia demanded compensation from the U.S. for its worldwide tariffs on foreign aluminum and steel Thursday, becoming the third influential member of the World Trade Organization to do so.

Environmental, Social and Governance Factors Can Be Material Risks for Fixed Income Investors, Finds World Bank Group and GPIF Report

Incorporating environmental, social and governance (ESG) factors into fixed income investment strategies can strengthen risk management and contribute to more stable financial returns, finds a new report by the World Bank Group and Japan’s Government...

Financial Inclusion on the Rise, including in Croatia, But Gaps Remain, Global Findex Database Shows

Financial inclusion is on the rise globally, accelerated by mobile phones and the internet, but gains have been uneven across countries. A new World Bank report on the use of financial services also finds that men remain more likely than women to have...

IMF Staff Concludes 2018 Article IV Visit to Oman

An International Monetary Fund (IMF) team led by Stéphane Roudet visited Muscat April 3-16 to hold the 2018 Article IV consultation discussions with Oman.

Women Entrepreneurs Finance Initiative allocates first round funding; Expected to mobilize twice the original target

The Women Entrepreneurs Finance Initiative (We-Fi), on April 19, announced its first funding allocations -- expected to mobilize over $1.6 billion in additional funds from an allocation of $120 million -- for programs designed to knock down the unique...

IMF Staff Concludes Program Negotiation Mission to the Republic of Congo

An International Monetary Fund (IMF) mission, led by Mr. Abdoul Aziz Wane, visited Brazzaville from April 3 to April 18, 2018 to discuss the authorities’ economic and financial program and possible financial support by the IMF.

Reports: $1B Fine for Wells Fargo for Illegal Sales

U.S. news reports say Wells Fargo will be fined as much as $1 billion for illegally selling customers car insurance policies they did not want or need, and for charging unnecessary fees in connection with mortgages.

Belarus: Strengthening Foundations for Sustainable Recovery

The speed of economic recovery has accelerated in early 2018, but the foundations for solid growth need to be strengthened, says the latest World Bank Economic Update on Belarus.