Finance & Economics

IMF Mission Concludes Eighth and Final Review Under EFF with Seychelles

“The Seychellois economy continues to perform well, despite still weak global growth. Economic growth has accelerated thanks to increasing tourist arrivals and fish exports. Agreements have been reached to fully complete debt restructuring, and...

Statement at the End of Article IV Mission to the Republic of Korea

The Korean economy has fared well in the recent turmoil and is well-positioned to benefit from the global recovery, reflecting strong fundamentals and skilled policy-making. However, it will need to rebalance its economic structure to continue lifting...

UK Musicians benefit from extended copyright term for sound recordings

New rules were introduced to see recorded performers and musicians benefit from an extended length of copyright term for sound recordings and performers rights in sound recordings - increasing from 50 to 70 years.

Land Use and Transit Integration Fosters Cities’ Economic Competitiveness, Environmental Sustainability, and Socially Inclusive Development

Cities in developing countries are facing unprecedented urban growth, as well as the negative externalities that come with car dependent urban sprawl including congestion, air pollution, greenhouse gas emissions, inefficient use of energy and time,...

September 2013 Euro area unemployment rate at 12.2% EU28 at 11.0%

The euro area1 (EA17) seasonally-adjusted unemployment rate was 12.2% in September 2013, stable compared with August. The EU28 unemployment rate was 11.0%, also stable compared with August. In both zones, rates have risen compared with September 2012...

Obama Urges Quick Progress on Budget

U.S. President Barack Obama is calling on lawmakers to end what he called Washington's cycle of "manufactured crises and self-inflicted wounds" and pass a budget that will help grow the economy.

UK: University staff to go on strike

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Georgia should strengthen civil service and independent judiciary to build on anti-corruption progress

Georgia has achieved significant progress in reducing corruption over the past decade. To build on this progress, the Government should focus on strengthening its professional civil service and ensure independence of the judiciary, according to a new...

UN-backed awards recognize innovative green enterprise

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Awamu Biomass Energy Ltd (ABE), Uganda, one of 34 winners of the 2013 SEED Awards, announced...

Land Use and Transit Integration Fosters Cities’ Economic Competitiveness, Environmental Sustainability, and Socially Inclusive Development

Cities in developing countries are facing unprecedented urban growth, as well as the negative externalities that come with car dependent urban sprawl including congestion, air pollution, greenhouse gas emissions, inefficient use of energy and time,...