Finance & Economics
IMF Executive Board Relaxes Most Restrictions on Technical Assistance to Zimbabwe, Opening Way for Future Staff-Monitored Programs
The Executive Board of the International Monetary Fund (IMF) has further relaxed the restrictions on IMF technical assistance to Zimbabwe that resulted from the country’s protracted financial arrears to the Poverty Reduction and Growth Trust.
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IMF Concludes EFF Review Mission to Seychelles
“The government has made sustained progress in implementing the IMF-supported program. All end-June 2012 quantitative targets under the program were met—some, including the fiscal primary balance target, by a wide margin.
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Global Forum on tax transparency welcomes new members and reviews 12 countries
At the Global Forum in Cape Town, South Africa, delegates from 81 jurisdictions and 11 international organisations evaluated whether all Forum members are exchanging tax information effectively.
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Mr. François Hollande, President of the French Republic, to meet with the Heads of international economic organisations at the OECD
M. Angel Gurría and President François Hollande, 18th July 2012
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A new consultation launched sets out proposals to make the UK a more favourable place for pharmaceutical companies to carry out research and development of new drugs.
The UK Intellectual Property Office (IPO) is proposing to make changes to the Patents Act to make the system fairer by allowing clinical and field trials for new drugs to be carried out without risking being sued for patent infringement.
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Statement on the First Financial Sector Monitoring Mission to Spain
A staff team from the International Monetary Fund (IMF) visited Madrid October 15-26 for the first independent monitoring mission of the financial sector in the context of the European financial assistance for bank recapitalization, agreed with the Spanish authorities and the European partners on July 20, 2012 (see Terms of Reference). The team met with official and private sector representatives, and at the end of the visit presented a preliminary report to the Spanish authorities and the European Commission. The final report will be conveyed to the authorities and the Commission in early November.
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OECD and ATAF strengthen tax co-operation with Africa
The OECD and the African Tax Administration Forum (ATAF) have signed a Memorandum of Co-operation, agreeing to work together to improve tax systems in Africa.
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Africa Can Feed Itself, Earn Billions, and Avoid Food Crises by Unblocking Regional Food Trade
A new World Bank report says that Africa’s farmers can potentially grow enough food to feed the continent and avert future food crises if countries remove cross-border restrictions on the food trade within the region.
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World Bank Urges Oil Producers to Reduce Gas Flaring, Increase Gas Utilization for Development
The World Bank-led Global Gas Flaring Reduction (GGFR) partnership on this wednesday called on oil producers, both countries and companies, to reduce flaring of natural gas associated with oil production by 30% by 2017. This would reduce flaring from 140 bcm of gas flared in 2011 to 100 bcm by end of 2017, for a reduction in CO2 emissions equivalent to taking 60 million cars off the road.
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