Obama Presses Case for 'Fiscal Cliff' Deal
President Barack Obama used a truck manufacturing plant in the midwestern United States as the backdrop for a speech Monday about the economy, and the importance of achieving an agreement in fiscal negotiations with congressional Republicans.
IMF Statement on Latvia's Announcement about Early Repayment to the IMF
On December 10, 2012, Latvia announced its intention to make an early repayment of its entire outstanding obligations to the International Monetary Fund (IMF) amounting to SDR 603.038 million (about €714.3 million). Latvia had borrowed from the IMF...
US Deficit Reduction Deal Remains Elusive
President Barack Obama met with the U.S. Congress’ top Republican, House of Representatives Speaker John Boehner on Sunday in search of a deficit-reduction package that would prevent substantial spending cuts and tax increases from going into effect...
IMF Releases 2011 Coordinated Direct Investment Survey Results
The International Monetary Fund (IMF) today released preliminary results from its 2011 annual Coordinated Direct Investment Survey (CDIS). The CDIS is the Fund’s worldwide survey of bilateral foreign direct investment positions1. The survey has been...
Guatemala: commits to international exchange of tax information
Guatemala is the second Central American country, after Costa Rica, to sign since the Convention was opened for signature to all countries in June 2011.
Kenyan Local Investors Help Country’s Growth and Improve Competitiveness through Investments in Power Sector
Agreements for the Triumph Power Generation Company, a new independent power producer, were signed Wednesday between the Government of Kenya, Kenya Power, JP Morgan Bank, and the World Bank for a $45 million Partial Risk Guarantee (PRG).
Brazil: Enhancing audit reporting is key to the integrity of government accounts
Figure 1. Link between the TCU audit report and main findings on the Accounts of the President of the Republic...
Urgent Action Needed on Climate Change in Arab World
The impact of climate change will be especially acute in the Middle East and North Africa (MENA) region, according to a new World Bank Group report, and immediate action will be needed to avoid the projected consequences of worsening water shortages...
Progress made on immigrant integration but more efforts needed on education and jobs, finds OECD
Luxembourg: a generous aid donor
Luxembourg allocated 0.97% of its gross national income, or USD 413 million, to official development assistance in 2011.“Luxembourg is the Development Assistance Committee’ s third most generous donor as a portion of its economy – after Sweden and...
