Finance & Economics

Doug Ford keeping carbon-tax promise to Canadian Taxpayers Federation

Premier-designate Ford announced his cabinet’s first act will be to cancel cap-and-trade and to challenge the federal carbon tax

Premier-designate Doug Ford announced he is keeping his promise to taxpayers by making the first act of his new cabinet to cancel cap-and-trade and challenging the federal carbon tax on Jun 15, 2018.

Tax reform allows people with disabilities to put more money into ABLE accounts, expands eligibility for Saver’s Credit

People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service.

Much more than a ‘lifeline’ for millions of households, remittances can spur global growth, says UN agency

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It is estimated that family remittances – the money sent back by migrant workers to their relatives – support 800 million people worldwide.

Vietnam’s economic prospects improve further, with GDP projected to expand by 6.8 percent in 2018

Recent growth uptick driven by favorable domestic and external conditions may gradually moderate.

Vietnam's economic growth momentum remains robust and is accompanied by broad macroeconomic stability. According to Taking Stock, the World Bank’s latest economic update for Vietnam, recent growth was driven by a cyclical increase in global demand as well as a recovery in investment from FDI and private sector, and an ongoing shift of labor away from agriculture into more productive manufacturing and service sectors.

IMF Executive Board Reviews the Fund's Income Position for Financial Years 2018 and 2019–20

On April 25, 2018, the Executive Board of the International Monetary Fund (IMF) completed its annual review of the Fund’s income position for the financial year ending April 30, 2018 (FY 2018) and set the margin for the lending rate for IMF credit for FY 2019 and FY 2020.

FY 2018 Income Position and Allocation

Comoros: Inequalities Persist Despite Declining Poverty Levels

Living conditions in Comorian households have improved and poverty levels have fallen by over 10% since 2004 in rural and urban areas alike, shows the World Bank’s poverty assessment released on Jun 14.

IMF and Serbia Reach Staff-Level Agreement on a Policy Coordination Instrument

A staff team of the International Monetary Fund (IMF), led by James Roaf, visited Belgrade during June 11–13, 2018 to conclude discussions on the authorities’ economic reform program to be supported by the IMF with a 30-month Policy Coordination Instrument (PCI). Consideration by the Executive Board is tentatively scheduled for mid-July.

Stable growth momentum in the OECD area

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IMF Managing Director Christine Lagarde Welcomes Argentina Government’s Economic Policy Plans

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), on Jun 13, issued the following statement on the Argentina government’s Letter of Intent and Memorandum of Economic Policies requesting a US$50 billion

Parliament votes for €1 billion in aid to Ukraine

A €1 billion macro-financial loan to help Ukraine cover part of its external financing needs in 2018-2019 was approved by Parliament on Wednesday.