Finance & Economics

Global leaders and companies pledge to reduce the gender pay gap by 2030

On September 26, global leaders from governments, private sector companies, trade unions and civil society pledged to take concrete action towards closing the gender pay gap by 2030. The global commitments – to ensure women in every sector of the...

World Bank Announces New Global Fund for Healthy Oceans

The World Bank Group announced on Wednesday the creation of PROBLUE, a new multi-donor trust fund that will support healthy and productive oceans by tackling marine pollution, managing fisheries and fostering the sustainable growth of coastal...

Labor, Taxation, and Social Policies Must Be Upgraded to Address the Occupational Transformation in Georgia, Says World Bank

Labor, taxation and social welfare policies in Georgia and other countries around Europe and Central Asia must be brought into the 21st century to tackle rising inequality between groups and help workers effectively manage growing inequality and...

No improvement in respect for EU values: MEPs cut support for Turkey by €70m

Last November, during the budgetary negotiations, Parliament and Council decided to place in reserve €70 million in pre-accession funds for Turkey (€70m in commitment appropriations and €35m in payment appropriations), under the condition that “Turkey...

FSB and IMF publish the 2018 Progress Report on G20 Data Gaps Initiative

The Financial Stability Board (FSB) and International Monetary Fund (IMF), on September 25, published the third progress report on the implementation of the second phase of the G20 Data Gaps Initiative (DGI-2).

IMF Executive Board Concludes 2018 Article IV Consultation with Trinidad and Tobago

On August 31, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Trinidad and Tobago and considered and endorsed the staff appraisal without a meeting.

Governments need to honour their climate pledges as risks grow

Three years on from the commitments made at COP21 in Paris, the overwhelming majority of governments have not taken the necessary action to contain growing risks to the climate. With emissions on the rise again, OECD governments need to get serious...

OECD welcomes French plans to increase and better target foreign aid

The OECD welcomes France’s recently announced plans to increase its foreign aid flows, particularly in the form of grants, and prioritise the most fragile countries, commitments that respond to recommendations made in a new DAC Peer Review of France...

OECD sees global growth moderating as uncertainties intensify

The global economic expansion appears to have peaked, with diverging growth prospects worldwide and intensifying risks, according to the OECD’s latest Interim Economic Outlook.

EU Social Policies Need Upgrade to Keep Pace with Evolving Labor Markets, New Technologies

Labor, taxation and social welfare policies in the European Union must be upgraded to protect vulnerable workers and tackle rising inequality brought about by rapidly changing labor markets and new technologies, says a new World Bank report, Toward a...