Finance & Economics

World Bank Supports More Competitive Economy and Job Creation in Serbia

The World Bank’s Board of Executive Directors Wednesday approved a Euro 89.5 million (US$100 million equivalent) results-based loan to support Serbia in raising the competitiveness of its economy and creating new jobs. The approval of the...

Juncker to MEPs on current corporate tax rules: "We should create some order!"

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Juncker and Moscovici debate Commission's tax initiatives with MEPs

Agricultural crisis: €500m aid package not enough

The Commission's €500 million aid package revealed last week is a step in the right direction but it might be not enough to get farmers struggling with falling prices back on their feet, many MEPs told Commissioner Phil Hogan in a debate on Wednesday...

Ireland needs to sustain reform momentum to secure economic recovery and ensure it benefits all

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IMF Executive Board Approves US$11.8 Million Disbursement Under the Rapid Credit Facility for the Central African Republic

On September 14, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 8.355 million (about US$11.8 million) in financial assistance for the Central African Republic (C.A.R.) under the Rapid Credit Facility (RCF)1 to assist...

New World Bank Report Aims to Help Mongolia Spend More Effectively on Welfare Support

A new World Bank report recommends that the Mongolian government improve the efficiency of welfare spending by consolidating various types of benefits and focusing on households in need of social assistance, especially during times of economic shocks...

IMF Staff Completes 2015 Article IV Mission to Benin

A team from the International Monetary Fund (IMF), led by Christine Dieterich, IMF Mission Chief for Benin, visited Cotonou August 31–September 14 to conduct the 2015 Article IV Consultations.

IMF Staff Completes Review Mission to Sierra Leone

An International Monetary Fund (IMF) mission led by Mr. John Wakeman-Linn visited Freetown from September 1–15, 2015 to conduct discussions on the joint third and fourth reviews under the Extended Credit Facility (ECF) Arrangement approved by IMF...

Household disposable income has outpaced GDP growth for the OECD area since 2007

Growth in household disposable income has, on average, outpaced the rise in GDP for the OECD area since the onset of the financial crisis in 2007, according to the OECD.

"This is the Parliament for the Eurozone", Mr Moscovici tells MEPs

The European Parliament should play a greater role in Eurozone governance, said Commissioner Pierre Moscovici in a debate with Economic and Monetary Affairs Committee MEPs on Tuesday. Economic and monetary union calls for democratic deepening, he...