UK government names employers who fail to pay minimum wage
A further 25 employers who failed to pay their employees the minimum wage have been named under the new regime introduced last October 2013, which makes it easier to name and shame wrongdoers. Between them they owe workers more than £43,000 in arrears...
Key stakeholders in Ukraine's financial sector meet in Kiev to support reforms
The Ukrainian authorities, commercial banks, International Financial Institutions and other key stakeholders met in Kiev on 5 June to discuss ways to drive forward much-needed reforms in the financial sector.
Modern insolvency rules: EU Ministers back Commission proposal to give honest businesses a second chance
National ministers in the Justice Council backed the Commission's proposal to modernise European rules on cross-border insolvency (IP/12/1354). The modernised Insolvency Regulation will provide a new approach to help businesses overcome financial...
China’s Growth Moderates with Continued Economic Transformation
China’s growth will moderate over the medium term as the economy continues to rebalance gradually. Growth is expected to slow to 7.6 percent in 2014, and 7.5 percent in 2015, from 7.7 percent in 2013, according to the World Bank’s China Economic...
World Bank Approves Package of Projects to Support Livelihoods, Education, and Service Delivery in Mongolia
The World Bank’s Board of Executive Directors approved a total of US$93.7 million in credits from the International Development Agency (IDA) to the Government of Mongolia to support four projects.
Global food prices down for second straight month in May, UN agency reports
IMF Executive Board Approves US$ 17.6 Million Extended Fund Facility Arrangement for Seychelles
The Executive Board of the International Monetary Fund (IMF) approved a three year SDR 11.445 million (about US$ 17.6 million, or 105 percent of Seychelles’ quota) arrangement under the Extended Fund Facility (EFF) for the Republic of Seychelles to...
China’s Growth Moderates with Continued Economic Transformation
China’s growth will moderate over the medium term as the economy continues to rebalance gradually. Growth is expected to slow to 7.6 percent in 2014, and 7.5 percent in 2015, from 7.7 percent in 2013, according to the World Bank’s China Economic...
Statement at the Conclusion of the 2014 Regional Consultation with CEMAC
An International Monetary Fund (IMF) mission led by Mr. Joël Toujas-Bernaté visited Yaoundé during May 21-June 5, 2014, to conduct discussions on common policies for the member countries with the institutions of the Central African Monetary and...
Lithuania: how the euro could be gaining currency
The euro zone could get bigger next year after the European Commission said Lithuania is ready to adopt the common currency. That is the conclusion of the convergence reports published on 4 June by the Commission and the European Central Bank,...
