Finance & Economics

Manitoba government should not gamble taxpayers’ money on venture capital funds

The Canadian Taxpayers Federation (CTF) is calling on the Manitoba government to focus on broad-based tax relief rather than gambling taxpayers’ money on a venture capital fund. The province issued a release announcing its search for fund managers on Feb 08.

Call for unifier to help Government departments meet Taylor goals

The LITRG has highlighted the huge amount of work to be done in order to implement the recommendations and deliver the plan set out by the Government in its response to the Matthew Taylor review ‘Good Work’. This will require Government departments to work together and LITRG has called for a person or body to be appointed to co-ordinate and oversee the implementation of the plan.

ADB, World Bank, Australia-Supported High-Speed Broadband Goes Live in Samoa

The Asian Development Bank (ADB), the World Bank Group, and the Government of Australia joined the Government of Samoa to celebrate the arrival of high-speed internet in the country at a ceremony at the TATTE Convention Centre today.

US Stocks Fall on Concern of Rising Rates, Inflation

U.S. stocks tumbled again Thursday as investors continued to fret about the possibility of rising inflation and higher interest rates.

Stable growth momentum in the OECD area

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Cote d’Ivoire Economic Update: Skilled Labor Force and Connectivity Needed to Modernize Economy

With a GDP growth rate projected to reach 7 percent in 2018 and 2019, Côte d’Ivoire continues to be one of the most dynamic economies in Africa. The sixth Economic Update for Cote d’Ivoire, on Feburary 8, launched by the World Bank notes the undeniable performance of the Ivoirian economy, but also points out the urgent need to encourage greater private sector participation and to improve public finance management, especially in education and health.

Bigger role for EU Investment Bank to tackle migration crisis

MEPs have adopted legislation enabling the European Investment Bank to lend an additional €5.3 billion to projects outside the EU.

€3.7 billion of this amount will be earmarked for projects addressing migration issues.

Building Resilience into Development: Pioneering Earthquake Bonds Reinforce World Bank Leadership in Providing Financial Protection Against Natural Disasters

The World Bank, the leading provider of natural disaster risk insurance for emerging and developing countries, has issued catastrophe bonds that will provide a total of US$1.36 billion in earthquake coverage to Chile, Colombia, Mexico and Peru.

Size of Parliament to shrink after Brexit

The European Parliament should shrink from 751 to 705 MEPs when the UK leaves the EU, whilst leaving room for possible new countries joining in the future.

IMF, ADB, Australia and New Zealand Seek Solutions to Reduce Remittance Costs in the Pacific

The International Monetary Fund, together with the Asian Development Bank (ADB), held roundtables in Sydney on February 5 and Auckland on February 7-8 to identify practical solutions to address the costs and risks of transferring remittances to Pacific countries and difficulties in undertaking cross-border transactions. The events were financially supported by the governments of Australia and New Zealand.