Finance & Economics

China’s proposed market economy status: defend EU industry and jobs, urge MEPS

Until China has fulfilled the EU's five criteria for market economy status, its exports to the EU must be treated in a "non-standard" way, say MEPs in a non-legislative resolution passed on Thursday. This non-standard methodology, for use in anti-...

World Bank Supports Vietnam’s Competitiveness with US$150 Million Loan

The World Bank’s Board of Executive Directors approved a US$150 million loan to the government of Vietnam for the Third Economic Management and Competitiveness development policy operation, on May 12.. The loan is providing flexible budget support to...

MEPs renew call for mandatory country of origin labelling of meat and milk

Country of origin labelling should be made mandatory for meat and milk, MEPs reiterate once again in a non-binding resolution voted on Thursday. Mandatory labelling would help improve consumer confidence in food products by making the food supply...

OECD and Italy’s National Anti-Corruption Authority reinforce cooperation in fighting corruption

The OECD and Italy’s National Anti-Corruption Authority have agreed to step up cooperation as part of their broader efforts to combat corruption.

IMF Staff Completes Review Mission to Pakistan

An International Monetary Fund (IMF) staff mission, led by Harald Finger, visited Dubai from May 2-11, 2016 to conduct discussions on the eleventh review of Pakistan’s economic program supported by a three-year IMF Extended Fund Facility (EFF)...

IMF Executive Board Concludes 2016 Article IV Consultation with Guyana

On May 9, 2016 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Guyana.

Real economic activity expanded by 3 percent in 2015. Lower export commodity prices and budget delays weighted down...

Accession: Latvia invited to join OECD

OECD countries agreed on Wednesday to invite Latvia to become a member of the Organisation – a move that would extend OECD’s membership to 35 countries.

IMF Executive Board Concludes 2016 Article IV Consultation with Islamic Republic of Mauritania

On April 25, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Islamic Republic of Mauritania.
The global economic landscape has deteriorated since the 2014 Article IV Consultation and...

Better cooperation on fisheries could help the Pacific net additional US$344 million every year, says World Bank report

A new World Bank report says better management of tuna fisheries can help Pacific Island countries gain as much as US$344 million per year in additional sustainable revenues and create 7,500 to 15,000 jobs by 2040.

IMF Staff Concludes Review Mission to Ghana

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from April 27-May 11, 2016, to conduct discussions on the third review of Ghana’s financial and economic program supported by the IMF’s Extended Credit...