Finance & Economics

IMF Statement at the Conclusion of Staff Visit to Ecuador

An IMF delegation comprised of the IMF’s Director of the Western Hemisphere Department, Mr. Alejandro Werner, and the Mission Chief for Ecuador, Ms. Anna Ivanova visited Quito to meet with the Ecuadorian authorities and hear the views of the new administration on the economic policies and priorities for the country.

Call for Comments on Reforms to the Global Audit Standard-Setting Process

The World Bank Group is a member of the Monitoring Group, a group of international financial institutions and regulatory bodies committed to advancing the public interest in areas related to international audit standard setting and audit quality.

Substantial progress in Transdniestrian settlement talks in Vienna, clear commitment to solve remaining issues, says OSCE Special Representative

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Representatives of the Sides, Mediators and Observers during the meeting of the 5+2 talks on the Transdniestrian Settlement Process, Vienna, 28 November 2017.

OECD sees global economy strengthening, but says further policy action needed to catalyse the private sector for stronger and more inclusive growth

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Indonesia Can Improve Opportunities for and Protection of Its Migrants Working Abroad

Reforming Indonesia’s labor migration system can help access better paid jobs and improve protections for Indonesians working abroad, says a new World Bank report released on November 28.

New Energy Efficiency Plans To Unlock Kazakhstan’s Energy Potential

Kazakhstan is set to develop urban Energy Efficiency Plans for its two largest cities – Astana and Almaty. A new study, conducted jointly by city municipalities and the World Bank, outlines key improvements to be made in the energy sector of the two cities within the next 15 years, allowing savings of up to 25% on total energy consumption.

Promoting Taxpayer’s Rights Worldwide

Benjamin Franklin said that there were only two things certain in life: death and taxes. Taxation is an important aspect of life for people, especially for me because I am a certified public accountant. For citizens in many parts of the world, the concept of taxpayer’s rights is still relatively new, and their governments lack respect for such rights. I will compare how the governments in two places—California and Taiwan—treat their taxpayers to illustrate the importance of taxpayer’s rights.

Philippines: Strengthen Behavioral Skills of Workforce to Compete in Global Economy

A person’s ability to read, learn, think, remember and pay attention – “cognitive skills” – are important for moving ahead in life. But good “socioemotional” or “behavioral skills” like grit, openness, extraversion, agreeableness, emotional stability, and decision-making skills are equally important.

Social security contributions and consumption taxes give way to personal income taxes, as corporate income taxes fail to recover

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IMF Staff Completes 2017 Article IV Mission to Barbados

An International Monetary Fund (IMF) team led by Judith Gold, visited Barbados during November 7-21 to conduct the 2017 Article IV Consultation discussions.