Finance & Economics

IMF Executive Board Concludes 2018 Article IV Consultation with Panama

On December 12, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Panama.

New EU rules to eliminate the main loopholes used in corporate tax avoidance come into force on 1 January

As of 1 January 2019, all Member States shall apply new legally binding anti-abuse measures that target the main forms of tax avoidance practiced by large multinationals.

Japan should reform retirement policies to meet challenge of ageing workforce

Japan must improve job quality and further reform the mandatory retirement age to address upfront the challenges of its rapidly ageing and shrinking labour force, according to a new OECD report.

World Bank Updates Growth Forecasts for the Philippines

As part of its forecasting exercise, the World Bank has updated its growth projections for the Philippines to 6.4 percent in 2018 and 6.5 percent in 2019, to reflect recent economic trends.

Capital Markets Union: Common EU rules on securitisation will apply as of 1 January

The new harmonised securitisation rules, which will apply as of 1 January, are an important building block of the Capital Markets Union. They will help provide additional funding sources for companies, strengthen banks' ability to support the economy...

IMF Executive Board Completes Second Review of the Extended Credit Facility with Guinea

On December 21, 2018, the Executive Board of the International Monetary Fund (IMF) completed the second review of Guinea’s economic performance under the Extended Credit Facility (ECF) arrangement. Completion of this review enables the immediate...

Increasing Social Spending Can Boost Incomes and Consumption in China, Says World Bank

While growth is moderating, China’s economy continues to perform well. China’s GDP growth slowed to 6.5 percent year-on-year in the third quarter from 6.8 percent in the first half of 2018, mainly due to weaker trade and investment. Growth is...

IMF Executive Board Completes First Review Under the Extended Credit Facility and Approves US$25.1 Million Disbursement for Burkina Faso

On December 21, 2018, the Executive Board of the International Monetary Fund (IMF) completed the first review of Burkina Faso’s economic performance under a three-year program supported by the IMF’s Extended Credit Facility (ECF).

Taiwan yellow jacket movement pushing for tax and legal reform

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“No Authoritarian, Need Survival” People marched on the street calling for transitional justice and reversal of wrongful tax cases.

Mexico Begins Mayan Train Project

Mexico's new president is asking businesses to invest in the Maya Train, a railway line that would link passengers to archaeological sites and popular tourist destinations.