Finance & Economics

IMF Executive Board Completes Second Review Under the Extended Credit Facility Arrangement and Approves US$22.4Million Disbursement for Benin

On June 29, 2018, the Executive Board of the International Monetary Fund (IMF) completed the second review of the three-year arrangement with Benin under the Extended Credit Facility (ECF). The Board’s decision, which was taken on a lapse-of-time...

IMF Completes Second Review of Staff Monitored Program with The Gambia

On June 18, 2018, the Managing Director of the International Monetary Fund completed the second review of the Staff Monitored Program (SMP) with The Gambia. The SMP, which commenced in April 2017, was extended through September 2018 in the context of...

EIOPA Calls Upon National Supervisory Authorities To Remind Insurers Of Their Duty To Inform Customers About The Impact Of The Withrawal Of The United Kingdom From The European Union

On June 28, the European Insurance and Occupational Pensions Authority (EIOPA) published the Opinion addressed to national supervisory authorities about the duty of insurance undertakings and insurance intermediaries to inform customers about the...

IMF Executive Board Concludes 2018 Article IV Consultation with Ireland

The Irish economy continues to grow at a rapid pace, well above the EU average. Although headline data are distorted by the volatility of multinationals’ activity, the broad recovery of (modified) domestic demand (4 percent in 2017) underpins the...

MEPs criticise “America first” policy

US decision to quit key international deals and start trade war harms EU-US ties, but EU should not give up on transatlantic bond, said committee MEPs on Thursday.

Mobile broadband subscriptions grow in OECD area, data usage doubles in 2017

High-speed mobile Internet subscriptions grew by 80 million, or 6.1%, in the year to December 2017, taking mobile broadband penetration to over 102% in the OECD area, according to an update to the OECD's broadband portal, now covering 37 countries...

Mobile broadband subscriptions grow in OECD area, data usage doubles in 2017

High-speed mobile Internet subscriptions grew by 80 million, or 6.1%, in the year to December 2017, taking mobile broadband penetration to over 102% in the OECD area, according to an update to the OECD's broadband portal, now covering 37 countries...

China Says Its Trade Practices Benefit World

China defended its trade practices Thursday as being beneficial to the world as it tries to ease pressure from the United States and Europe to abandon what they consider to be Beijing's protectionist policies.

IMF Executive Board Concludes 2018 Article IV Consultation with Georgia

Since the global financial crisis, macroeconomic performance in Georgia has been positive. Growth was higher than that in most peers, policy frameworks have been strengthened with inflation well-anchored and fiscal deficits broadly well-managed, the...

Agreement reached on new EU Solidarity Corps

The setting-up of a European Solidarity Corps, offering volunteering opportunities around the EU, has been agreed by Parliament and Council negotiators.