Finance & Economics

Vietnam PM Keeps Post as Economic Struggles Continue

Vietnam's prime minister appears to have survived a leadership challenge this week over his handling of the poorly-performing economy.

IMF Launches Japan-Funded Project to Improve External Sector Statistics in Asia and Pacific Countries

The International Monetary Fund (IMF) and Japan have launched a three-year project to improve external sector statistics in Asia and Pacific countries.

Tax: The Global Forum on Tax Transparency welcomes Burkina Faso and Cameroon as new members

Burkina Faso and Cameroon have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As 112th and 113th members of the Global Forum they will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters.

Portuguese Protest Austerity Measures

Demonstrators started a fire outside the Portuguese parliament in Lisbon Monday night, protesting government plans to increase austerity measures.

The Conclusion of the Special Event on Frontier and Developing Asia and Pacific

“This special event was the first of its kind and participants discussed the implications and possible policy responses to a number of global adverse shocks and, in that context, the benefits of financial sector deepening.

World Bank Group and Korea to Strengthen Partnership with New Office and New Fund

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World Bank Group President Jim Yong Kim and South Korea's Minister of Strategy and Finance Jaewan Bahk at signing ceremony announcing a new World Bank Group office in Korea and a $90 million joint World Bank-Korea financial facility to support developing countries.

‘Considerable efforts’ required to make most of Europe’s inland waterways – UN report

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A view of one of many bridges over the Danube River connecting the two sides, Buda and Pest, of Hungarian capital, Budapest.

France urged to champion Virunga at Francophonie Summit

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Protest against oil exploration in Virunga National Park at Total annual meeting in Paris.

Animal transport rules must be properly enforced, says Agriculture Committee

EU member states must do more to improve the welfare of animals in transit by enforcing rules, checking journey times and imposing dissuasive penalties on offenders, say Agriculture Committee MEPs in a resolution voted on Thursday. To shorten journeys to abattoirs, the EU should also promote the use of local ones and consider an eight-hour, EU-wide limit on journey times, they add.

"Long-distance animal transport causes suffering to animals and increases costs for consumers. Unlike the Commission, we believe that animal transport requires immediate action, in particular to reduce the numbers of animals transported and transport times", said rapporteur, Janusz Wojciechowski (ECR, PL).

Start free trade talks with Japan, say trade MEPs but look out for EU car sector

The international trade committee gave its green light for free-trade talks with Japan on Thursday, pointing to the huge gains for jobs and growth offered by deeper ties with Japan, a strategic partner of the EU. But negotiations should be suspended if Japan fails to remove barriers in key sectors including cars, say MEPs.

"The EU's trade policy needs a game-changer: a free trade agreement with Japan. The huge untapped trade potential could boost the EU's GDP, create jobs and increase exports. That is why I recommend launching negotiations.