Finance & Economics
Calgary's Triple Pension Club
The Canadian Taxpayers Federation (CTF) released documents obtained from a freedom of information (FOI) request from the City of Calgary that show 236 city employees are set to receive three pensions courtesy of taxpayers on Aug 08, 2018.
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IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
The Internal Revenue Service issued proposed regulations for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income on Aug 08, 2018.
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EIB and Bankia provide EUR 150 million to finance investment by small Spanish businesses
The European Investment Bank (EIB) is providing financing for SME and mid-cap projects with a EUR 75m loan to Bankia. Under the agreement signed in Madrid, Bankia will match the loan with the same amount, meaning that a total of EUR 150m will be made available by the two institutions for financing Spanish businesses.
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World Bank Group Partnership with Nepal Focuses on Federalism, Private Sector, and Inclusive Growth
Nepal’s quest to secure a stable path to federalism and an inclusive and prosperous future found strong support when the World Bank Group’s Board of Executive Directors discussed a new Country Partnership Framework (CPF) for Nepal for the next five years, on August 7.
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Statement by the IMF Mission on the Fifth Review of Mongolia's Extended Fund Facility
An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar from July 25 to August 6, 2018 to conduct discussions on the fifth review of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017, in an amount equivalent to SDR314.5054 million, or about US$434.3 million.
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Afghanistan Needs to Safeguard Recovery, Says World Bank
Released on August 7, the twice-a-year Update states that following the economic shock of the withdrawal of international troops, the associated decline in aid and deterioration in security, and the period of political instability after the 2014 elections, the Afghan economy has slowly regained momentum as reforms have been implemented and confidence restored.
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Philippines: Enabling Business to Reduce Poverty in Mindanao
Northern Mindanao, among the most progressive regions in southern Philippines, is already a vibrant business center reaping the benefits of economic zones, heavy industries and agribusiness enterprises. Initiatives that further enhance the growth of business in the region and the entire Mindanao will be crucial to generate more quality jobs and reduce poverty in the entire country.
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Updated Blocking Statute in support of Iran nuclear deal enters into force
The updated Blocking Statute is part of the European Union's support for the continued full and effective implementation of the Joint Comprehensive Plan of Action (JCPOA) – the Iran nuclear deal, including by sustaining trade and economic relations between the EU and Iran, which were normalised when nuclear-related sanctions were lifted as a result of the JCPOA.
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IMF Staff Concludes Visit to Mozambique
An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during July 25–August 3, 2018, to take stock of recent macroeconomic developments, update the macroeconomic framework for 2018-19, and provide input to the preparation of the 2019 draft budge
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Human Rights
Ringing FOWPAL’s Peace Bell for the World:Nobel Peace Prize Laureates’ Visions and Actions
Protecting the World’s Cultural Diversity for a Sustainable Future
The Peace Bell Resonates at the 27th Eurasian Economic Summit
Declaration of World Day of the Power of Hope Endorsed by People in 158 Nations
Puppet Show I International Friendship Day 2020