MEPs approve measures to ease cross-border recovery of small debts
More citizens and small firms will be able to use the simplified EU procedure to resolve low-value disputes across borders thanks to changes voted by Parliament on Wednesday. These changes, which still need to be formally approved by EU ministers,...
World Bank: Latin America’s Slowdown Puts Pressure on Jobs and Household Incomes
Four years of an economic downturn are beginning to have adverse effects on jobs and household incomes in Latin America and the Caribbean. After a commodity boom brought significant gains, a drop in labor force participation is causing families to...
OECD Secretary Angel Gurría presents new Multi-Dimensional Country Review to Peruvian President Ollanta Humala
Economic and social reforms over the past two decades have enabled Peru to significantly improve growth and well-being while raising incomes and reducing poverty. However, further action is now needed to reduce inequality, boost productivity, drive...
Job search aid for Germany, Italy, Belgium, disaster relief for Bulgaria, Greece
Germany, Italy and Belgium will get €14.6 million in EU aid to help redundant car and airline workers to find new jobs, and Bulgaria and Greece a total of €16.3 million to repair flood damage, after Parliament approved their applications on Tuesday....
OECD Secretary-General Gurría hails TPP agreement
OECD Secretary-General Angel Gurría welcomed the Trans-Pacific Partnership (TPP) trade agreement reached between governments in the dynamic Asia-Pacific region.
Greece: Parliament backs urgent frontloading of €35 billion in EU funding
Parliament on Tuesday backed a set of one-off measures aimed at boosting the effective spending of €35 billion earmarked for Greece in the EU 2014-2020 budget. This includes €20 billion from the European structural and investment funds and €15 billion...
The International Monetary Fund and the Central Bank of Trinidad and Tobago Bolster Capacity Building in the Caribbean
The International Monetary Fund and the Central Bank of Trinidad and Tobago have signed a Memorandum of Understanding providing opportunities for officials from the Caribbean region to train at IMF Headquarters.
IMF Staff Completes 2015 Article IV Mission to Islamic Republic of Iran
An International Monetary Fund (IMF) team, led by Mr. Martin Cerisola, Assistant Director of the Middle East and Central Asia Department, visited Tehran during September 19–30 to conduct the 2015 Article IV Consultation discussions. Aasim M. Husain,...
Growth in Myanmar Economy Likely to Moderate in 2016, Says World Bank Report
East Asia remains one of the main growth drivers of the world economy, accounting for nearly two-fifths of global economic growth, according to a new World Bank report. Overall, the region is expected to grow 6.5% in 2015, moderating slightly from 6.8...
World Bank Forecasts Global Poverty to Fall Below 10% for First Time; Major Hurdles Remain in Goal to End Poverty by 2030
The number of people living in extreme poverty around the world is likely to fall to under 10 percent of the global population in 2015, according to World Bank projections released today, giving fresh evidence that a quarter-century-long sustained...
