Finance & Economics

EU Auditors examine risk and crisis management tools to stabilise farmers’ incomes.

The European Court of Auditors is conducting an audit of risk and crisis management tools under the Common Agricultural Policy (CAP). The auditors will examine whether the measures in place deal effectively and efficiently with farmers’ losses of income due to threats such as extreme weather, contagious diseases and political decisions, such as the Russian ban on imports from the EU.

IRS highlights sharing economy tax center, other resources during National Small Business Week

The Internal Revenue Service is highlighting a variety of online resources to help small business owners and self-employed individuals as part of National Small Business Week from April 29 to May 5. Some of these tools focus on an emerging area of business activity -- the sharing economy – also referred to as the on-demand, gig or access economy.

More Than 1,100 Economists Join NTU To Oppose New Tariffs and Protectionism

More than 1,100 economists have joined with National Taxpayers Union in a letter to President Trump and Congress warning against new protectionist trade policies. That group includes 15 Nobel laureates, and former economic advisers to the Reagan, Clinton, Bush and Obama Administrations. In an echo of a letter organized in 1930 against the Smoot-Hawley tariffs that exacerbated the Great Depression, the economists write.

IMF Reaches Staff Level Agreement on the First Review Under the ECF for Guinea

Following discussions between the Guinean authorities and IMF staff in Conakry from April 3-15, 2018 and during the 2018 Spring Meetings in Washington, a staff-level agreement was reached on the first review of the program of economic policies and reforms supported by a three-year Extended Credit Facility (ECF) arrangement.

IMF Reaches Staff Level Agreement on the First Review Under the ECF for Guinea

Following discussions between the Guinean authorities and IMF staff in Conakry from April 3-15, 2018 and during the 2018 Spring Meetings in Washington, a staff-level agreement was reached on the first review of the program of economic policies and reforms supported by a three-year Extended Credit Facility (ECF) arrangement.

Post-2020 EU budget plans show purpose, but lack ambition, say MEPs

Most MEPs welcomed an EU Commission plan to raise national contributions to 1.11% of GNI and introduce new sources of revenue for the next long-term EU budget.

“In the presentation made by the Commission, the importance of a political budget was stressed. The principle of European added value is underlined. It is important that the significance of own resources, which is a key point of EP resolutions, has been emphasised. More funds for Erasmus+, research, SMEs and climate change are positive.

Israel: IMF Executive Board Concludes 2018 Article IV Consultation

On April 30, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Israel, and considered and endorsed the staff appraisal without a meeting.

IMF Executive Board Approves US$112.3 Million under the ECF Arrangement for Malawi

The Executive Board of the International Monetary Fund (IMF), on April 30, approved a new three-year arrangement for Malawi under the Extended Credit Facility (ECF) for SDR78.075 million (about US$112.3 million), equivalent of 56.25 percent of Malawi’s quota in the IMF, to support the country’s economic and financial reforms.

The Greek economy is recovering. Improving debt sustainability, tackling poverty and boosting investment are vital to sustaining the positive momentum.

After significant reforms, Greece’s recovery from deep economic depression is finally gaining traction, according to the OECD. Economic growth is picking up led by exports. Labour market reforms have improved competitiveness and are helping to create long-awaited jobs. GDP growth is projected to strengthen, remaining above 2 percent in 2018 and 2019.

First Nations activist forces Onion Lake Cree Nation to provide financial transparency

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Media interviewing Charmaine Stick at April 30, 2018 announcing the release of the Onion Lake Cree Nation Financial Documents.