Peru to join two major OECD Conventions:Anti-Bribery Convention and multilateral Convention on Mutual Administrative Assistance in Tax Matters
Land Salzburg: Austria fined for misreporting government debt data
On 28 May 2018, the Council imposed on Austria a fine of €26.82 million due to the manipulation of debt data in Salzburg state (Land Salzburg).
IMF Executive Board Concludes 2018 Article IV Consultation with Kingdom of the Netherlands - Netherlands
On May 23, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Netherlands.
Foreign investment to be screened to protect EU countries’ strategic interests
New tools to check that foreign investment in EU countries does not threaten their security or public order were approved by the Trade Committee on Monday.
World Bank Supports Safety of Hydroelectric Dams in Albania and Enhanced Connectivity in Regional Power Market
The World Bank’s Board of Executive Directors, on May 25, approved a Euro12 million of Additional Financing for Dam Safety Project for Albania. The project will enhance the support to safeguarding the hydroelectric dams on the Drin and Mat river...
Job Creation Plays Key Role in Georgia’s Economic Growth
Sustained economic growth in Georgia over the past two decades has helped reduce poverty and boost shared prosperity, with job creation playing a significant role. At the same time, however, job creation is not keeping pace with economic growth, says...
IMF Executive Board Approves New Two-Year US$11.4 Billion Flexible Credit Line Arrangement with Colombia
The Executive Board of the International Monetary Fund (IMF), on May 25, approved a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent to SDR 7.848 billion (about US$11.4 billion) and canceled the...
IMF Staff Completes 2018 Article IV Mission to Republic of the Marshall Islands
An International Monetary Fund (IMF) team, led by Mr. Joong Shik Kang, visited Majuro from May 15 to 25 to conduct the 2018 Article IV Consultation.
Governments need to act to encourage plastic recycling markets
Plastic recycling is failing to reach its full potential as low recovery rates of plastic waste, poor quality of recycled plastic and a lack of price incentives are holding back secondary plastic markets, according to a new OECD report. Given rising...
Antitrust: Commission imposes binding obligations on Gazprom to enable free flow of gas at competitive prices in Central and Eastern European gas markets
Commissioner in charge of competition policy, Margrethe Vestager, said: "All companies doing business in Europe have to respect European rules on competition, no matter where they are from. On May 24, the decision removes obstacles created by Gazprom...
