World Bank Revises Its Growth Projections for Russia for 2015 and 2016
The World Bank has updated its economic outlook for Russia for 2015 and 2016 to reflect a further stabilization of global oil prices. The new most likely scenario is more optimistic and assumes an average oil price of US$58.0 per barrel for 2015 and...
El Salvador joins international efforts to fight offshore tax evasion
1 June 2015 - (From left) Francisco Galindo Vélez, Ambassador of El Salvador to France signing...
IMF Staff Completes 2015 Article IV Mission to the Republic of Congo
An International Monetary Fund (IMF) team led by Dalia Hakura, Mission Chief for the Republic of Congo, visited Brazzaville during May 19-June 1, 2015 to conduct discussions for the 2015 Article IV review of the Congolese economy. Discussions focused...
World Bank Continues Supporting Public Financial Management Reforms in Tajikistan
The World Bank Board of Executive Directors approved on June 1 an allocation of US$10 million to finance the Public Finance Management Modernization Project (PFM-2), which aims to improve the effectiveness and transparency of public financial...
More than 3 million German emigrants in OECD countries
Germany is both the OECD’s second-largest country of immigration and one of the main origin countries of emigrants: 3.4 million people born in Germany were living in another OECD country in 2011, says a new OECD report Talent Abroad: A Review of...
IMF Staff Completes 2015 Article IV Mission to Saudi Arabia
The decline in oil prices is resulting in substantially lower export and fiscal revenues, but the effect on the rest of the economy has so far been limited. Real GDP growth is projected by IMF staff at a healthy 3.5 percent this year, unchanged from...
EU and Japan step up cooperation on 5G mobile technology and strengthen research and innovation collaboration
With the new 5G agreement, the EU will join forces with Japan to cope with the increasing need for wireless Internet and complement current efforts to create a Digital Single Market in Europe.
World Bank: Europe’s Recovery Is Strengthening, albeit Slowly and with Significant Risks
Economic growth is expected to continue to pick up across Europe, from zero in 2013 and 1.3 percent in 2014, to 1.8 percent and 2.0 percent in 2015 and 2016 respectively. Central and eastern European countries (EU-CEE) will continue to grow above the...
TTIP: more US market access, reform investment protection, retain EU standards
An EU-US trade deal should deepen EU access to the US market, but must not undermine EU standards or the right to regulate in the public interest, say Trade Committee MEPs in draft recommendations voted on Thursday. Tools for resolving disputes...
International trade statistics: trends in first quarter 2015
Merchandise trade in US$ billion
Seasonally adjusted data at current prices and exchange rates
