Mergers: Commission opens in-depth investigation into proposed merger of Celanese's and Blackstone's acetate tow activities
The European Commission has opened an in-depth investigation to assess the proposed creation of an acetate flake and acetate tow joint venture by Celanese and Blackstone under the EU Merger Regulation. The Commission has concerns that the transaction...
EU approves €100 million in financial assistance for Jordan
This disbursement marks the launch of the second Macro-Financial Assistance programme for Jordan with a total worth of €200 million, which follows a first package of €180 million approved in 2013 and fully disbursed in 2015. The disbursement of the...
2016 Poverty Rate in Mongolia Estimated at 29.6 Percent
The National Statistical Office (NSO) of Mongolia on October 17, presented the outcomes of the poverty estimation outcomes in a seminar entitled “Poverty Situation - 2016” organized jointly with the World Bank. The two institutions have been...
World Bank Urges Action to Break the Cycle of Poverty from Generation to Generation
The social status of one’s parents is as influential today as it was 50 years ago in determining a person’s future, according to early findings from an upcoming World Bank report, Fair Progress? Educational Mobility Around the World.
Governments rapidly dismantling harmful tax incentives worldwide: BEPS Project driving major changes to international t
Governments have dismantled, or are in the process of amending, nearly 100 preferential tax regimes as part of the OECD/G20 BEPS standards to improve the international tax framework, according to a progress report released on October 16.
World Bank to Continue to Support Pakistan Economic Reforms
The World Bank said on October 16, it would continue to support Pakistan to implement broad economic reforms and address current risks towards achieving its development aspirations.
World Bank/IMF Annual Meetings 2017: Development Committee Communiqué
1. The Development Committee met, on October 14, in Washington, D.C.
2. Global growth has improved over the past year with a recovery in investment, trade and commodity prices as well as supportive global financial conditions.
Supporting Hungary’s Efforts to Achieve Inclusive Growth Through Increased Employment
World Bank Vice-president for Europe and Central Asia Cyril Muller and Minister for National Economy Mihály Varga signed, on October 14, a reimbursable advisory service (RAS) agreement – a form of technical assistance - to support Hungary in its...
Switzerland and the World Bank Group Partner to Make Cities Safer for Millions
In the wake of natural disasters that have threatened millions of people and destroyed thousands of buildings and dwellings over the past few months, the future resilience of urban environments is receiving a boost of support today, as the Swiss State...
Growth vs. Inflation, A Difficult Balance for Latin America and the Caribbean
Latin America and the Caribbean is expected to grow again this year after suffering a significant GDP contraction of -1.3 percent in 2016. Still, with a global environment that remains rather neutral to growth in the region, policy makers will need to...
