OECD delivers new single global standard on automatic exchange of information
Offshore tax evasion remains a serious problem for countries and jurisdictions worldwide, with vast amounts of funds deposited abroad and sheltered from taxation when taxpayers fail to comply with obligations in their home countries.
Finland’s economy is on the mend but pushing ahead with reform is key, says OECD
OECD Secretary-General Angel Gurría and Finance Minister Jutta Urpilainen
IMF Completes Tenth Review Under an EFF Arrangement with Portugal, Approves €0.91 Billion Disbursement
President Takes the Lead on Raising Minimum Wage
President Obama signed an executive order, raising the minimum wage to $10.10 per hour for federal contractors. Though neither chamber of Congress has passed a minimum wage bill, the president moved forward on his vow to not “stand still,” made during...
WB/Jamaica: 300,000 Children to Benefit from Improved Early Childhood Development Services
More than 300,000 children in Jamaica will benefit from expanded and improved early childhood development (ECD) programs, as a result of US$12 million in additional funding approved by the World Bank’s Board of Executive Directors.
Harmonised Unemployment Rates (HURs), OECD - February 2014
The OECD unemployment rate fell by 0.1 percentage point for the third consecutive month to 7.6% in December 2013. Across the OECD area, 46.2 million persons were unemployed in December 2013, 11.5 million more than in July 2008.
The European Commission, ECB and IMF on the Third Review Mission to Cyprus
Staff teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited Nicosia during January 29-February 11, 2014 for the third review of Cyprus's economic program, which is supported by...
Economic crisis provides lessons for new approaches to forecasting, says OECD
Extreme volatility during the global financial crisis complicated economic forecasting, leading to large errors that underline the need for better modelling methods and new approaches for making and presenting projections, according to an OECD report...
Switzerland on track to meet aid targets; should play greater leadership role
Switzerland provided USD 3 billion in official development assistance (ODA) in 2012, or 0.45% of its gross national income (GNI), in line with its goal to reach 0.5% of GNI by 2015.
Easier for small firms and citizens to recover debts across borders
Firms or citizens recovering debts across EU borders could be able to get the debtor's bank account frozen under a draft law agreed with Council and endorsed by legal affairs MEPs on Tuesday. The European Account Preservation Order (EAPO) should be...
