Finance & Economics

World Bank/IMF Spring Meetings 2020: Development Committee Communiqué

1.The Development Committee met virtually on April 17, 2020.

2. Our meeting occurred at a time of unprecedented challenges due to the COVID-19 pandemic. Its devastating effects are being felt across the globe as the human and economic toll...

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Coronavirus-driven debt crisis threatens poor countries already at risk, says UN report

Bangladesh Red Crescent Society's staff and volunteers promote hand washing, spray...

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Fight against desert locust swarms goes on in East Africa despite coronavirus crisis measures

A man beating a bush with a stick to show desert locusts swarming near Fada, Chad. FAO...

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COVID-19 (Coronavirus) Drives Sub-Saharan Africa Toward First Recession in 25 Years

Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years, according to the...

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COVID-19: impact could see 195 million job losses, says ILO chief

Nurses and healthcare workers outside at a hospital in New York City demand better protection...

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LITRG Press release: Tax experts try to clear up Statutory Sick Pay misinformation

UK Low Incomes Tax Reform Group is highlighting that there is a lot of well-meaning but incorrect information about Statutory Sick Pay on the internet and it is important that people use trusted sources to confirm their position.

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IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program

To help people facing the challenges of COVID-19 issues, U.S. Internal Revenue Service announced on March 25,2020 a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to...

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Coronavirus: Commission issues guidelines to protect critical European assets and technology in current crisis

The European Commission on 25 March 2020 issued guidelines to ensure a strong EU-wide approach to foreign investment screening in a time of public health crisis and related economic vulnerability. The aim is to preserve EU companies and critical...

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State aid: Commission approves French schemes to support economy in Coronavirus outbreak

The European Commission has approved three French State aid schemes to support the French economy in the context of the Coronavirus outbreak. The schemes were approved under the State aid Temporary Framework to support the economy in the context of...

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EIB Group will rapidly mobilise up to EUR 40 billion to fight crisis caused by Covid-19 and calls on Member States to set up a further guarantee for SME and mid-cap support from EIB Group and national promotional banks EN FR DE IT PL ES

The rapid spread of the virus is putting a heavy strain on both public health and the economy. On March 16,2020 the European Investment Bank Group (EIBG) has proposed measures to be taken in cooperation with the European Commission and national...

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