Draft EU Budget 2017: Commission proposes a budget focused on priorities - growth, jobs and a solid response to the refugee crisis
The European Commission has proposed the 2017 draft EU Budget of €134.9 billion in payments focusing on the two main policy priorities for Europe: supporting the ongoing recovery of the European economy and addressing the security and humanitarian...
IMF Reaches Staff-Level Agreement with Islamic Republic of Afghanistan on an Arrangement Under the Extended Credit Facility
An International Monetary Fund (IMF) mission, led by Christoph Duenwald, held discussions with the Afghanistan authorities in May and June 2016, on IMF support for Afghanistan’s economic program.
Japan must make fighting international bribery a priority
The OECD Working Group on Bribery in International Transactions has continuously urged Japan since 2002 to strengthen its efforts to fight bribery by Japanese companies in their foreign business activities, and implementation of the Convention on...
MEPs and ministers strike informal deal to ban deep sea fishing below 800 metres
MEPs and ministers struck a deal on a ban on fishing below a depth of 800 meters in the North-East Atlantic. The ban, agreed on Thursday afternoon, will apply to bottom trawling and would also restrict deep-sea fishing to the area where it took place...
First meeting of the new inclusive framework to tackle Base Erosion and Profit Shifting marks a new era in international tax co-operation
Representatives of more than 80 countries and jurisdictions have gathered in Kyoto, Japan to push forward ongoing efforts to update international tax rules for the 21st century, the latest step in the OECD/G20 Project to tackle Base Erosion and Profit...
Mozambique Gets Support to Increase Agricultural Productivity While Strengthening Natural Resources Resilience
The World Bank Board of Executive Directors on 30 June approved US$40 million (of which US$26 million in grants) in support of the Republic of Mozambique’s Agriculture and Natural Resources Landscape Management Project. It will contribute to the...
Trade Agreements Boost Productivity and Growth, Contributing to Malaysia's Successful Development, World Bank Says
Malaysia’s economy remains resilient, with GDP projected to grow by 4.4 percent in 2016 and 4.5 percent in 2017, according to new economic analysis from the World Bank. The outlook reflects a gradual deceleration in private consumption in Malaysia due...
IMF Executive Board Concludes 2016 Article IV Consultation with Bhutan
On June 22, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bhutan.
Bhutan has made significant economic progress in recent years and the GDP per capita more than doubled during 2004-...
Update EU’s long-term spending plan to cope with crises, urges Budgets Committee
The EU needs to update its long-term spending plan to cope with unforeseen crises such as mass migration, terrorism and youth unemployment, says the Budgets Committee in a resolution voted on Wednesday. The text is intended as an input to the...
IMF Executive Board Concludes the 2016 Article IV Consultation with Germany
On June 24, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Germany.
The growth momentum has remained steady as strong domestic demand has offset weak foreign demand. Private...
