European Commission and IMF Sign €20 million Contribution to the Regional Technical Assistance Centers in the African, Caribbean and Pacific Regions
The European Commission and the International Monetary Fund (IMF) signed an Agreement for a contribution of €20 million to the Regional Technical Assistance Centers (RTACs) in the African, Caribbean, and Pacific (ACP) regions. “We are very grateful to...
Shutdown Fuels Economic Concerns as Pressure Mounts on Boehner
The continued budget impasse between Republicans and Democrats in the U.S. Congress is raising concerns that the rival parties may fail to agree on raising the U.S. debt ceiling by mid-October, which could cause the government to default on its debts...
EU budget 2014: growth, jobs and humanitarian aid cuts reversed
Budgets Committee MEPs reversed the Council's proposed cuts in investments to stimulate growth and jobs in 2014 during a long voting session on Wednesday and Thursday. They also reversed cuts in funding for international policy, such as humanitarian...
Africa’s Tourism Set to Boost Economic Growth, Create New Jobs, and Now Outpace Other Regions for New Tourism Investment
Sub Saharan Africa’s tourism industry is set to spur more economic growth for the continent and directly employ 6.7 million people by 2021, according to a new World Bank report released .
World Bank Report Highlights the Role of High-growth Firms for Innovation and Job Creation in Armenia
Armenia has by far the highest level of entrepreneurial activity among the countries of the Caucasus, according to the new World Bank report “Fostering Entrepreneurship in Armenia”. Armenia’s entrepreneurial culture is built largely on the very strong...
Sweden is a generous aid donor that has put development at the heart of its foreign policy
Sweden delivered USD 5.24 billion in official development assistance (ODA) last year, or 0.99% of its gross national income (GNI). It is the second most generous member of the OECD’s Development Assistance Committee (DAC), which groups the world’s...
Budgets Committee agrees on real-terms cut in Parliament's 2014 budget
Budgets Committee MEPs voted on Wednesday in favour of cutting the Parliament's administrative budget by almost €10 million compared to the Commission's June draft budget. The outcome is a real-terms reduction in the EP budget.
No Resolution in Sight to Government Shutdown
The standoff that has shut down non-essential U.S. government operations is showing no signs of a resolution. As the shutdown entered its second day on Wednesday, Republicans and Democrats in Congress were still blaming each other, and many Americans...
Still much room to improve the European semester, say MEPs
European Semester economic policy coordination needs many fixes, not least to take proper account of growth, employment, investment and social concerns, warned the Economic and Monetary Affairs Committee in a resolution voted on Monday. MEPs also...
World Bank Helps Improve Financial Reporting in Eastern Europe
