Finance & Economics | WPN World People News

The International Monetary Fund (IMF) released the study “Spillovers in International Corporate Taxation,” that explores the nature and policy implications of cross-border effects from national corporate tax policies, highlighting how these effects can be significant for developing countries, with resulting tax revenue losses sometimes quite large relative to total government revenues.

Power distribution in India needs sweeping reforms if it is to bring back the country to a high growth trajectory and meet its goal of expanding access to electricity to all by 2019, says a new World Bank report. India’s annual per capita power sector consumption at around 800 kWh is among the lowest levels in the world.

Tanzania could create large numbers of new, productive jobs for its people, especially young men and women, if policy makers fostered industrial and business policies that catered to the country’s booming cities and their urban populations, according to the World Bank’s latest Tanzania Economic Update which was launched in the country’s capital.

The president of the Association of Mineworkers and Construction Union (AMCU) of South Africa has described the agreement ending the country’s longest mining strike as a breakthrough for workers.

On June 20, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bhutan.

The Executive Board of the International Monetary Fund (IMF) completed the seventh review of Senegal’s economic performance under the program supported by the Policy Support Instrument (PSI). The Board’s decision was taken on a lapse of time basis.

On June 18, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Zimbabwe.

The Executive Board of the International Monetary Fund (IMF) on June 20 completed the third review of the Solomon Islands’ economic performance under the Extended Credit Facility (ECF) arrangement.

On June 20, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation and fourth review through the Extended Arrangement under the Extended Fund Facility (EFF) with Jamaica. The completion of the review enables the disbursement of an amount equivalent to SDR 45.95 million (about US$70.9 million) bringing the total disbursements under the arrangement to SDR 268.59 million (about US$414.4 million).

On June 13, 2014, the Executive Board of the International Monetary Fund (IMF) discussed the staff paper “The Fund’s Lending Framework and Sovereign Debt—Preliminary Considerations.”