World Bank and the IMF Launch Joint Initiative to Support Developing Countries in Strengthening Tax Systems
The World Bank and IMF are launching a new initiative to help developing countries strengthen their tax systems. Analysis suggests that many lower-income countries have the potential to increase their tax ratios by at least 2–4 percent of GDP, without...
International Financial Institutions Announce $400 Billion to Achieve Sustainable Development Goals
The multilateral development banks (MDBs) and IMF on July 10 signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilize the resources...
EU parliament cooks up Euro-fudge on private TTIP courts
Composite leading indicators continue to point to growth convergence in most major economies
Stable growth momentum in the OECD area
Tax: MEPs advocate country-by-country reporting to help developing countries
The EU and its member states should make multinationals report their financial performance, tax details, assets and employee numbers country by country, so as to help fight tax evasion and illicit money flows in developing countries, says Parliament...
IMF Executive Board Discusses “Financing for Development”
The Executive Board of the International Monetary Fund (IMF), on July 6, 2015, discussed the IMF’s role in supporting the post-2015 development agenda, ahead of the upcoming third United Nations (UN) Conference on Financing for Development (FfD) to be...
IMF Executive Board Adopts Decisions to Enhance the Financial Safety Net for Developing Countries
The Executive Board of the International Monetary Fund (IMF), on July 1, 2015, adopted a set of proposals to enhance the access of developing countries to IMF financial support. These proposals, and the case for adopting them, are contained in the...
TTIP: ease access to US market, protect EU standards, reform dispute settlement
An EU-US trade deal must open up US market access for EU firms, but must not undermine EU standards, say MEPs in recommendations, voted Wednesday, to EU trade negotiators. To settle trade-related investor-state disputes, a new justice system, run by...
Transforming Ethiopia into a Manufacturing Powerhouse Requires Skills Development and Improved Investment Climate
Ethiopia continued to see double digit growth in 2014, but 90 percent of GDP is driven by agriculture and other services. The country also faces several constraints slowing down its transformation into an industrialized economy. The importance of...
Parliament adopts CO2 market stability reserve
A reform of the EU Emissions Trading Scheme (ETS), informally agreed with the Latvian Presidency of the Council, was endorsed by Parliament on Wednesday. The reform is intended to reduce the surplus of carbon credits available for trading in order to...
