Finance & Economics | WPN World People News

The Executive Board of the International Monetary Fund (IMF) completed, on August 1, the second review of Gabon’s economic program supported by an extended arrangement under Extended Fund Facility (EFF). Completion of the review enables the immediate disbursement of SDR 71.43 million (about US$ 100.2 million). This brings total disbursements under the arrangement so far to SDR 214.29 million (about US$ 300.7 million).

The Canadian Taxpayers Federation (CTF) is calling on the provincial government to give interior residents a break by cutting fuel taxes, fixing ICBC and axing the Employer Health Tax (EHT).

The Maldives and the World Bank Board signed a $12 million agreement to further strengthen the Maldives public sector financial management systems, on July 31. Building on the existing Public Financial Management Systems Strengthening Project, on July 31, the additional financing approved will help improve planning and budgeting, debt and cash management, financial reporting, procurement, and State‐Owned Enterprise monitoring and oversight.

Researchers travelling on a small canal during a field visit to the Sundarbans in Bangladesh.

The European Commission has approved most of the electricity contribution reductions granted to electricity intensive companies in France in 2003-15. These measures helped towards achieving the EU's climate and energy objectives without unduly distorting competition in the Single Market.

On July 27, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Greece.

Following a deep and protracted contraction, growth has finally returned to Greece.

The Canadian Taxpayers Federation (CTF) welcomed news on Jul 30 that Ontario Premier Doug Ford reducing the size of Toronto’s city council.

The Internal Revenue Service and Department of the Treasury announced their intent to issue regulations on three recent tax law changes affecting popular 529 education savings plans on Jul 30, 2018.

Overall, the economy has been performing well, with growth estimated at 4.2 % in 2017 and projected at 5.0 % in 2018, according to the latest edition of the World Bank’s Madagascar Economic Update, released, on July 31.

The World Bank Vice President for East Asia and Pacific Victoria Kwakwa congratulates President Rodrigo Roa Duterte and the Philippine Government for the signing of the Bangsamoro Organic Law which will give greater autonomy to the Moro people.