Finance & Economics

Statement at the End of an IMF Staff Visit to Turkmenistan

A staff team of the International Monetary Fund (IMF) led by Bjorn Rother visited Ashgabat during October 29−November 4, 2014. The team assessed macroeconomic developments and discussed economic challenges and policy priorities with senior government...

Measure EU spending results, not just payment errors, say budgetary control MEPs

EU accounts should measure the achievements of EU-funded projects, and not just payment errors, said Budgetary Control Committee MEPs debating the European Court of Auditors (ECA) annual report on EU spending in 2013 on Wednesday. Data from member...

Statement at the Conclusion of the 2014 Article IV Consultation Mission to Gabon

A mission from the International Monetary Fund (IMF) led by Mr. Montfort Mlachila visited Libreville from October 22 to November 5, 2014 to conduct the 2014 Article IV consultation discussions.

OECD annual inflation eases slightly to 1.7% in September 2014

Consumer prices, selected areas
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September 2014 percentage change on the same month of the previous year...

EU job-search aid for former workers at Greek retailer and Irish jeweller

The EU should make available aid worth €8.8 million to help find or create new jobs for workers made redundant by fashion retailer Sprider Stores in Greece and jewellery maker Andersen Ireland Limited in Ireland, recommended the Budgets Committee on...

South Africa Lifts 3.6 Million out of Poverty Thanks To its Fiscal Policies

South Africa lifts 3.6 million people out of poverty and cuts the rate of extreme poverty by half, as a result of its use of fiscal policy. Tax and social benefits effectively redistribute income from the rich to the poor, according to the South...

Bank Deleveraging in Eastern Europe Slows Slightly in Second Quarter of 2014

Bank deleveraging in central, eastern and south-eastern Europe (CESEE) slowed in the second quarter this year but credit growth remains subdued, according to a new report from the Steering Committee of the Vienna Initiative.

Union of the Comoros: Concluding Statement of the 2014 Article IV Mission

An International Monetary Fund (IMF) staff team led by Mr. Harry Trines, Mission Chief for Comoros, visited Moroni during October 20−November 4 to conduct discussions for the 2014 Article IV consultation.

Chile’s Finance Ministry and World Bank Group Sign Agreement to Establish Global Economic Development Indicator Center

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The Global Economic Development Indicator Center is a pioneer initiative, which will start operating in the first quarter of...

ECB chief bank supervisor meets economic committee

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