UK Minister for Africa visits Ghana to show support for Ghana’s vision to move beyond aid
Minister for Africa at the Foreign and Commonwealth Office and the Department for International Development Harriett Baldwin has announced a major new jobs creation and investment programme during a visit to Ghana on 28 August 2018. The UK’s £20...
Project Signing: Government of India, EESL and World Bank Sign $300 Million Agreement to Scale Up India’s Energy Efficiency Program
The Government of India, the Energy Efficiency Services Limited (EESL), and the World Bank, on August 28, signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program. The Program, to be...
OECD GDP growth picks up marginally in second quarter of 2018
Toyota to Invest $500 Million in Uber
Toyota will invest half a billion dollars into ride-sharing giant Uber as part of a deal for the two companies to work together on developing self-driving vehicles.
World Bank Vice President Visits Morocco to Reaffirm Partnership and Support Investments in People
World Bank Vice President for the Middle East and North Africa, Ferid Belhaj will visit Morocco from August 27 to 29, 2018. This will be the first visit to the country in his new capacity as Regional Vice President, which Mr. Belhaj assumed on July 1...
New law makes clear: Combat-zone contract workers qualify for foreign earned income exclusion
Certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify for the foreign earned income exclusion.
Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits
The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local...
Additional US$47.5 Million Financing to Strengthen Sint Maarten’s Human Capital Post-Hurricane
Two new projects for a total of US$ 47.5 million in grants from the Sint Maarten Recovery, Reconstruction and Resilience Trust Fund financed by the Government of the Netherlands have been launched. The first project provides training and stipends to...
World Bank Prices First Global Blockchain Bond, Raising A$110 Million
The World Bank launched bond-i (blockchain operated new debt instrument), the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. The two-year bond raised A$110 million,...
World Bank Group Announces Settlement with Flycom d.o.o.
The World Bank, on August 22, announced the 18-month debarment of Flycom d.o.o. (Flycom), a Slovenian provider of infrastructure services that engaged in corrupt practices under the Southern Africa Power Market Project (SAPMP) in the Democratic...
