Tanzania’s EITI Compliance “a milestone for growth prospects”, says World Bank
Tanzania’s compliance with the Extractive Industries Transparency Initiative (EITI), which promotes greater transparency and accountability in managing oil, gas and mining sectors, “is a milestone for the country’s economic growth prospects,” said...
Strasbourg’s Christmas Market Big Business
The French Alsatian city of Strasbourg has been on the map for years as a major tourist destination during the holidays, with close to two million visitors expected to have taken in the sights this season.
IMF Executive Board Approves Extension of Temporary Interest Waiver for Low-Income Countries
The Executive Board of the International Monetary Fund (IMF) Friday approved the extension of the exceptional interest waiver on concessional loans by two years to end-December 2014 in view of the global economic crisis. The Board also approved a one-...
Obama Directs Lawmakers to Work Out Stopgap Fiscal Deal
President Barack Obama has told U.S. congressional leaders to work out a stopgap deal that would prevent the U.S. economy from falling off the fiscal cliff of expiring tax cuts and mandatory government spending cuts.
Congress Adjourns for Christmas Without Path Forward to Avert Fiscal Cliff
U.S. lawmakers are heading home for the Christmas holidays without any agreement or even a clear path forward on a way to avoid a combination of massive tax increases and spending cuts known as the fiscal cliff.
Republicans Abruptly Put Off Key Tax Vote in US House
Republican U.S. House Speaker John Boehner has suffered a major setback in his showdown over taxes and spending with President Barack Obama.
IMF and World Bank Announce US$176 million Debt Relief for the Union of the Comoros
The International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA*) have decided to support US$176 million in debt relief for the Comoros, representing a 59 percent reduction of its future external debt service over...
South East Europe Economy Shrinks in 2012, Faces Risks in 2013
ECOWAS, Partners to Meet Over Guinea Bissau Crisis
Officials of the Economic Community of West African States (ECOWAS) and representatives from other international organizations are to meet this week to discuss ways to deal with political instability and drug trafficking in Guinea Bissau.
Global economy risks falling into renewed recession, warns UN report
Robert Vos, Director of the Development Policy and Analysis Division of the UN Department of Economic and...
