Finance & Economics | WPN World People News

The Department for Transport is making a determined effort to ensure the UK transport system is fully prepared for EU Exit, however the challenge ahead is complex and there is a considerable amount to achieve to ensure the best outcome for UK passengers and road users beyond March 2019, says the National Audit Office (NAO).

The World Bank approved a $30 million International Development Association (IDA) credit to help Togo address urban development challenges and reduce service delivery gaps in some of its most populated municipalities, on July 17.

On July 18, 2018, the Executive Board of the International Monetary Fund (IMF) approved a new 30-month Policy Coordination Instrument (PCI) for Serbia.

The Canadian Taxpayers Federation (CTF) brought its 2018 Alberta Debt Clock tour to the provincial capital on Jul 17 as part of its efforts to draw attention to the government’s exploding debt. Alberta’s debt is currently increasing by over $344 per second and the Notley government is on track to quadruple the debt in a single term.

On July 17, international stakeholders gathered in Brussels for the Somalia Partnership Forum, organised by the European Union together with the Federal Government of Somalia and Sweden. Over 60 delegations took part and agreed on joint commitments in key areas for inclusive politics, peace and security and economic recovery in Somalia.

On July 13, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Canada. The 2018 Article IV consultation centered on policies to secure stronger, inclusive, and self-sustaining growth.

The Platform for Collaboration on Tax – a joint initiative of the IMF, OECD, UN and World Bank Group – has undertaken, at the request of the G20, the development of a series of “toolkit” reports to help guide developing countries in the implementation of policy options for issues in international taxation of greatest relevance to these countries. One such issue identified by developing countries themselves is the taxation of offshore indirect transfers of assets. Though an important area of international tax policy, no

Canadian Taxpayers Federation (CTF) Federal Director Aaron Wudrick released documents obtained through Access to Information showing that since June 2017, the Canadian Consulate General in Hong Kong has spent nearly $46,000 on tables, chairs and a credenza.