State aid: Commission invites the Netherlands to end selective tax exemption for public companies
The European Commission has formally proposed to the Netherlands to abolish the exemption from corporate tax granted to Dutch public undertakings. The Commission considers that public companies that carry out economic activities in competition with...
European Commission improving access to finance for SMEs: key to economic recovery
Small and medium sized enterprises (SMEs) will drive the recovery in Europe, but they need improved and easy access to finance. Over the last few years the European Commission has been constantly working to improve their situation. This commitment is...
IMF Executive Board Approves US$932.3 Million Arrangement under the Extended Fund Facility for Jamaica
The International Monetary Fund (IMF) approved a four-year Extended Fund Facility (EFF) arrangement for Jamaica to support the authorities’ comprehensive economic reform agenda. The EFF arrangement amounts to SDR 615.38 million (about US$932.3 million...
Austerity measures in Greece undermining human rights, says UN independent expert
Greece’s severe financial crisis has bred social unrest and intolerance of the nearly one...
U.S. March exports were $1.7 billion less than February exports of $186.0 billion.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that total March exports of $184.3 billion and imports of $223.1 billion resulted in a goods and services deficit of $38.8 billion, down...
World Bank Group Awards $2 Million to Social Enterprises in India States of Madhya Pradesh, Chhattisgarh, and Jharkhand
Twenty social enterprises were awarded grants totaling $2 million by the India Development Marketplace (DM) funded by the World Bank Group (WBG). The grantees received $100,000 each to extend and scale up their innovative business models in the states...
Twenty Fragile States Make Progress on Millennium Development Goals
Despite enduring political and economic challenges, 20 fragile and conflict-affected states have recently met one or more targets under the Millennium Development Goals (MDGs), and an additional six countries are on track to meet individual targets...
The UK and UAE announce £2 million joint funding for Somalia to tackle sexual violence in conflict.
£2 million of joint funding to help Somalia tackle the issue of sexual violence in conflict will be announced by UK Foreign Secretary William Hague and United Arab Emirates’ Foreign Minister His Highness Sheikh Abdullah bin Zayed Al Nahyan.
New ECB survey on credit terms and conditions in
euro-denominated securities financing and OTC derivatives markets
The European Central Bank (ECB) is publishing for the first time a report on the results of a new qualitative survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets (SESFOD). This...
World Experts Share Experiences to Better Implement Macroprudential Policies
An international workshop jointly organized by the Bank of Thailand and the International Monetary Fund (IMF) was held on April 27-28 in Bangkok to discuss and share experiences on progress and challenges of implementing macroprudential policies to...
