Finance & Economics

Obama, Congress Face Budget Showdown

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Spanish finance minister quizzed by EP economics committee

Mr De Guindos is the third finance minister after Hungary's and Belgium's to be heard by the EP committee as part of the House's efforts to increase the transparency and accountability of the EU's efforts to exit the crisis and enhance economic...

The US 'Fiscal Cliff' Explained

With the U.S. elections over, President Barack Obama and Congress are turning their attention to the political stalemate called the “fiscal cliff.” It is a tangle of major spending cuts and tax increases that could stall the national economy unless...

U.S. Housing Indicators Show Sustained Progress in Home Prices and Relief to Underwater Borrowers

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the October edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. Data...

Only 43% of Countries Disclose Public Officials’ Financial Assets, Says World Bank

Financial disclosure laws requiring public officials to file a statement of their assets, liabilities and interests can make corruption easier to detect. However, a new World Bank database finds that although 78 percent of countries covered by the...

World Bank supports institutional development for Vietnam’s Climate Change Response Program

The Thursday the World Bank Board of Directors approved a credit of US$70 million for the second Vietnam Climate Change Development Policy Operation, part of a series of three operations to support Vietnam’s institutional development which will help...

IMF Concludes ECF Review Mission to the Central African Republic

A mission from the International Monetary Fund (IMF) led by Mr. Norbert Toé visited Bangui, Central African Republic (CAR), during October 24 to November 8, 2012 to conduct the first review of the three-year program supported under the Extended Credit...

Trade MEPs: safeguard EU banana market before freeing trade with Latin America

The measures - endorsed by a large majority in committee following an informal agreement with Council - establish a general safety-net for all EU producers to help them adapt to liberalisation of trade foreseen by the largely trade-focused Association...

WB/Brazil: Some 47,000 Farmers in the State of Rio de Janeiro to Benefit from Rural Project

Around 47,000 farmers based in 72 municipalities in the state of Rio de Janeiro will benefit from a $100 million additional financing to the Rio de Janeiro Sustainable Rural Development Project.

World Bank Group’s New Strategy Supports Greener and More Inclusive Growth in China

The World Bank Group’s Board of Directors discussed a new Country Partnership Strategy (CPS) for the People’s Republic of China covering the Bank’s fiscal years 2013-2016. The Board endorsed the strategy's overall goals of helping China achieve...