Finance & Economics

Disappointed with House Child Tax Credit Bill

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IMF Executive Board Concludes Article IV Consultation with the Republic of Congo

Recent economic developments in the Republic of Congo have been favorable. Growth in the last 5 years has averaged about 5 percent per year, higher than in regional peers. Gross oil revenue averaged more than US$8 billion per year in 2012 and 2013,...

Statement by the European Commission, ECB and IMF on the Fifth Review Mission to Cyprus

Staff teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited Nicosia during July14-25, 2014 for the fifth review of Cyprus's economic program, which is supported by financial assistance...

Half of Humanity Launches a New World Economic Order

In mid-July, as the planet was being wracked by growing war horrors in eastern Ukraine, Iraq, and Gaza, and by economic depression caused by the death throes of the trans-Atlantic financial system, heads of state representing half of humanity gathered...

Eurosystem and EMEAP central banks hold seventh high-level policy dialogue has been created.

Governors and high-level representatives of the Eurosystem and EMEAP central banks met in Bangkok for their seventh high-level policy dialogue. The event was co-hosted by the Bank of Thailand, which currently holds the chair of EMEAP, and the European...

Obama: Embrace 'Economic Patriotism'

U.S. President Barack Obama has criticized what he calls "a small but growing group" of big corporations that are fleeing the country to avoid paying taxes.

The World Bank Proposes a Roadmap For Heating Tariff Reforms In Belarus

The current heating tariff system in Belarus is inefficient, unsustainable in the long run, and undermines industry competiveness and risks macroeconomic instability, says a World Bank’s study Belarus: Heat Tariff Reform and Social Impact Mitigation...

US free-trade deal: "In the end Parliament decides on the agreements"

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Bernd Lange

Encouraged by Paul Ryan’s Plan for Poverty

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2014 World Bank Income Classifications: Kyrgyz Republic Becomes Lower Middle Income Country

The Kyrgyz Republic has been re-classified from a low income country to a lower-middle income country, according to the 2014 Income Classifications released in July 2014 by the Bank’s Office of Development Economics and Chief Economist. The World...