Finance & Economics

Mexico should facilitate greater use of its wealth of open government data

Mexico has become a frontrunner in a short time in making government data publicly accessible, but it now needs to put this wealth of digital information to use to foster innovation and benefit the Mexican economy and society, according to a new OECD...

OECD Toolkit aims to spur high-speed Internet use in Latin America & the Caribbean

Fixed broadband penetration in Latin America & the Caribbean (2013-14)
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IMF Executive Board Concludes 2016 Article IV Consultation with Tonga

The Tongan economy has been rebounding since a contraction in FY2013. Growth accelerated from 2.1 percent in FY2014 to 3.7 percent in FY2015, supported by construction, tourism, strong remittances, and strong private credit growth, notwithstanding...

ECB ready for contingencies following UK referendum, Mario Draghi tells MEPs

The European Central Bank is ready for all contingencies following the UK’s EU referendum, said ECB President Mario Draghi in his second monetary dialogue this year with the Economic and Monetary Affairs Committee on Tuesday. Mr Draghi declined to...

World Bank Approves US$ 63 Million for the Socio-Economic Empowerment of Adolescent Girls and Young Women in Jharkhand, India

The World Bank Board on 21 June approved the US$ 63 million Tejaswini: Socioeconomic Empowerment of Adolescent Girls & Young Women Project in Jharkhand, which will support adolescent girls and young women, ages 14-24, to complete their secondary...

IMF Executive Board Concludes 2016 Article IV Consultation with Jamaica

On June 17, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Jamaica.

Since May 2013, Jamaica’s implementation of the economic reform program supported by the EFF has been exceptional...

Corporate taxation: MEPs call for tax haven black list, patent box rules, CCCTB and more

Recommendations to make corporate taxation fairer and clearer were voted by the Special Committee on Tax Rulings II on Tuesday evening. They call for an EU public register of beneficial owners of companies, a tax havens blacklist, sanctions against...

Statement at the Conclusion of an IMF Mission to the Republic of Serbia

An International Monetary Fund (IMF) mission, led by James Roaf, visited Belgrade during June 9–21, 2016, to hold discussions on the fourth and fifth reviews under Serbia’s precautionary Stand-By Arrangement (SBA) with the IMF.

Draghi debates ECB's bond purchasing programme as German court reaches verdict

The European Central Bank (ECB) has bought €80 billion worth of public and private debt since March 2015 in order to boost growth and push interest rates down. The bond buying programme has led to the bank being criticised for overstepping its mandate...

Italian pianist and composer, Ludovico Einaudi, Monday performed one of his own compositions, Elegy for the Arctic, on a floating platform in the Arctic Ocean, against the backdrop of the Wahlenbergbreen glacier (in Svalbard, Norway). Through his music Ei

The Indian economy will continue to post robust growth in the coming years, says the latest India Development Update of the World Bank. The Update also reviews the current challenges in India’s financial sector and analyzes some of the impacts of the...