Finance & Economics | WPN World People News

On January 10, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation discussions with Hong Kong Special Administrative Region (SAR).

On January 19, the Executive Board of the International Monetary Fund (IMF) completed the third and final review under the Precautionary and Liquidity Line (PLL) Arrangement for Morocco.

(L-r) OSCE Secretary General Thomas Greminger, Alessandro Azzoni, Chairperson of the OSCE Permanent Council, Vuk Žugić, Co-ordinator of the OSCE Economic and Environmental Activities, at the 1st Preparatory Meeting of the 26th OSCE Economic and Environmental Forum, Vienna, 22 January 2018.

The World Bank and the Ministry of Finance and Economy presented the latest Public Expenditure and Financial Accountability (PEFA) Assessment for Albania, on January 22. The report presents an up-to-date diagnostic of the national-level public financial management (PFM) performance.

The Rohingya refugee crisis in southern Bangladesh is growing at a rapid pace and there is an urgent need to support the host communities to cope with the influx and to help the refugees who are extremely vulnerable, the World Bank said on January 20.

The Treasury Department and the Internal Revenue Service (IRS) provided additional guidance (Notice 2018-13) for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act on Jan 19, 2018.

The Taoiseach (Prime Minister) of Ireland Leo Varadkar kicked off a series of Future of Europe debates between EU leaders and MEPs on Wednesday.

The Central Bank of Somalia (CBS) and Somali Financial Institutions (SFIs) are taking crucial steps to modernize national payments systems. Supported by the World Bank, the CBS and private financial institutions are streamlining their efforts to strengthen the inter-bank payment, clearing and settlement systems in Somalia.