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IFC Press Releases

IFC Awards First EDGE Resource-Efficiency Certifications in the Philippines

8 min 44 sec ago
Manila, the Philippines, January 28, 2015—IFC, a member of the World Bank Group, has awarded its first EDGE resource-efficiency certifications in the Philippines to two housing projects by Imperial Homes, a local developer of both low-cost and high-end buildings. IFC’s EDGE (Excellence in

IFC $400 Million Financing Helps Itaú Unibanco Support Climate-Friendly Projects in Brazil

8 min 44 sec ago
São Paulo, January 28, 2015 — IFC, a member of the World Bank Group, is providing a $400 million financing package for Banco Itaú Unibanco, one of the largest banks in Brazil, to support projects that will help mitigate the effects of climate change.  With IFC’s support, Itaú will finance rene

IFC, Ant Financial Services Group and Goldman Sachs 10,000 Women Launch First Internet-based Gender-Finance Program in China to Boost Women Entrepreneurship

8 min 44 sec ago
Beijing, January 27, 2015 — IFC, a member of the World Bank Group, Ant Financial Services Group, and Goldman Sachs 10,000 Women have jointly launched the first internet-based gender-finance program in China as part of a strategic partnership that is expected to expand financing for small busin

IFC、蚂蚁金服、高盛“巾帼圆梦”计划推出中国首个女性互联网金融贷款服务 支持女性创业

8 min 44 sec ago
2015年1月27日, 北京 -世界银行集团成员机构国际金融公司(IFC)、蚂蚁金融服务集团(蚂蚁金服)与高盛“巾帼圆梦” 万名女性创业助学计划(10,000 Women)今天在北京推出中国首个专门的女性互联网金融贷款服务项目。 这一服务是通过互联网信贷帮助中国小微企业及女性创业者改善融资问题的战略合作的一部分,27日,IFC、蚂蚁金服及高盛“巾帼圆梦”计划就此项战略合作举行了发布会。 IFC将通过“高盛‘巾帼圆梦’-IFC女性企业家融资工具”向蚂蚁金服旗下的蚂蚁微贷提供5亿元人民币的信贷资金专门用于女性企业家贷款。这笔资金将定向投放给蚂蚁微贷 平台上的女性用户,就此扶持

IFC, Partner Help Smaller Businesses in Azerbaijan Gain Easier Access to Finance

8 min 44 sec ago
Baku, Azerbaijan, January 28, 2015—IFC, a member of the World Bank Group, and Azerbaijan’s National Confederation of Entrepreneurs are joining forces to improve access to finance for small businesses, enabling expansion and boosting job creation and shared prosperity. The IFC Azerbaijan-Ce

IFC Invests in Lafayette Microfinance Bank to Expand Access to Finance for Small-Scale Businesses

2 hours 43 min ago
Lagos, Nigeria. January 27, 2015—IFC, a member of the World Bank Group, today announced a loan facility of 400 million Nigerian naira, approximately $2.5 million, to Lafayette Microfinance Bank. The financing will support increased access to financial services for micro, small and medium enter

IFC Partners with Nepal’s NMB Bank to Boost Trade Finance Opportunities, Support Small Businesses

7 hours 33 min ago
Kathmandu, Nepal, January 26, 2015—IFC, a member of the World Bank Group, will provide a $5 million trade finance facility to Nepal’s NMB Bank Limited under its Global Trade Finance Program to help boost international trade business for the bank and support small and medium business clients.

IFC prévoit d'investir 30 millions De dollars USD pour soutenir les PME et la création d'emplois en Guinée

13 hours 46 min ago
Washington, D.C. 26 janvier 2015 – IFC, membre du Groupe de la Banque Mondiale, prévoit d'investir 30 millions d'USD en Guinée en 2015, afin de renforcer l’appui aux petites et moyennes entreprises, essentielles pour la création d'emploi et à la croissance économique. « Nous devons bâtir u

IFC Plans to Invest $30 Million to Support SMEs, Create Jobs in Guinea

1 day 3 hours ago
Washington, D.C. January 26, 2015 – IFC, a member of the World Bank Group, plans to invest $30 million in Guinea in 2015, boosting support for small and medium enterprises in the country, which are critical for job creation and economic growth. Guinean President Alpha Condé said: "We need

IFC Invests in Vietnam’s Pan Pacific Corp. to Promote Sustainable Agribusiness

1 day 11 hours ago
Hanoi, Vietnam, January 22, 2015—IFC, a member of the World Bank Group, has invested $6.5 million to support Pan Pacific Corp.’s expansion in the agricultural and food sector, a fundamental pillar of Vietnam’s economy bringing in substantial export revenues and creating jobs. IFC’s equity

IFC, OPIC, Canada Provide $62.7 Million for Jamaica’s Largest Private Sector Wind Farm

1 day 11 hours ago
Kingston, Jamaica – January 26, 2014 — IFC, a member of the World Bank Group, with the support of the Government of Canada and along with the Overseas Private Investment Corporation (OPIC, the U.S. Government’s development finance institution) will help BMR Jamaica Wind Ltd. build, operate and

IFC Helps Expand Agri-Financing in Uzbekistan

2 days 2 hours ago
Tashkent, Uzbekistan, January 21, 2015 - The World Bank Group is helping Uzbek banks improve agri-financing operations and offer better and more diversified financial services to local farms and agri-businesses, contributing to economic growth and shared prosperity. As part of this effort,

IFC-Sponsored Forum Supports Infrastructure Development in Kyrgyz Republic

2 days 5 hours ago
Bishkek, Kyrgyz Republic, January 21, 2015—IFC, a member of the World Bank Group, is holding a forum in Bishkek to examine the opportunities and challenges of implementing public-private partnerships (PPPs) in the Kyrgyz Republic, part of an effort to help improve the country’s infrastructure.

IFC Invests in Merryland Schools to Support Secondary Education in Uganda

2 days 5 hours ago
Entebbe, Uganda, 20 January 2015 —IFC, a member of the World Bank Group, today announced an investment of $4.1 million in Merryland High Schools to expand access to secondary education in Uganda. The loan will enable Merryland to enroll an additional 2,500 students in Uganda, where demand for

New World Bank Group Knowledge Platform to Help Develop Innovative Index-Insurance Solutions Globally

2 days 12 hours ago
BRUSSELS, January 20, 2015—The Global Index Insurance Facility (GIIF), an innovative program managed by the World Bank Group, today launched indexinsuranceforum.org, an online knowledge platform for index-insurance practitioners globally. The platform will feature knowledge products, research

World Bank Group, International Hydropower Association Promote Sustainable Hydropower Development in Myanmar

6 days 12 hours ago
Nay Pyi Taw, Myanmar, January 19, 2015—The World Bank Group and the International Hydropower Association (IHA) are helping Myanmar develop a more sustainable hydropower sector by promoting best practices in technical, environmental, and social standards. A sustainable hydropower sector will he

IFC Helps Kyrgyz Republic Boost Private Investment

1 week 5 hours ago
January 15, 2015, Bishkek, Kyrgyz Republic—The World Bank Group is helping the Kyrgyz Republic create an investment-friendly business climate as part of a broader effort to encourage economic growth in the country. Today in Bishkek, IFC, a member of the World Bank Group, and the Ministry o

IFC CEO Says Vibrant Private Sector, New Energy Sources Are Vital to Pakistan’s Growth

1 week 5 hours ago
Islamabad, Pakistan, January 19, 2015— IFC’s investments in Pakistan will boost the private sector and support to tap new energy sources to ease power shortages, Jin-Yong Cai, CEO of IFC, a member of the World Bank Group, said during a visit to Islamabad. On Monday, Cai met government lead

IFC Helps Kazakhstan to Develop Transport Infrastructure through Public–Private Partnership

1 week 1 day ago
Almaty, Kazakhstan, January 14, 2015—IFC, a member of the World Bank Group, is advising the Kazakhstani government on a landmark public-private partnership (PPP) transaction that will lead to the creation of a bypass route north of Almaty. The new motorway is expected to help improve trade lin

IFC Helps Glass Container Manufacturer Expand Production in Georgia

1 week 1 day ago
In Tbilisi: Tamar Barbakadze, IFC Phone: +995 32 223 43 00/01/02 E-mail: tbarbakadze@ifc.org In Istanbul: Basak Ulgen, IFC Phone: + (90 212) 385 3000 E-mail: bulgen@ifc.org In Washington, D.C.: Elizabeth Price, IFC Phone: +1 202 473-4645 E-mail: eprice@ifc.org Tbilisi,

IFC mobiliza US$ 100 milhões do Itaú Unibanco para a Enel Green Power para apoiar o crescimento de energia renovável no Brasil

1 week 1 day ago
São Paulo, 11 de dezembro de 2014 – IFC, um membro do Grupo Banco Mundial, anunciou a mobilização de um financiamento de cerca R$ 260 milhões (aproximadamente US$ 100 milhões) do Itaú Unibanco para o Grupo Enel Green Power, líder mundial em energia renovável. Este financiamento contribuirá par

IFC Mobilizes $100 million from Itaú Unibanco to support Enel Green Power’s renewable energy growth in Brazil

1 week 2 days ago
São Paulo, December 11th, 2014 – IFC, a member of the World Bank Group, announced that it had mobilized about BRL 260 million (approximately $100 million) financing from Itaú Unibanco, a major Brazilian bank, to Enel Green Power Group, a world leader in renewable energy. This financing will co

IFC finance le prolongement de l’autoroute à péage pour desservir le futur Aéroport International du Sénégal

1 week 6 days ago
Dakar, Sénégal, le 6 Janvier, 2015—IFC, membre du Groupe de la Banque mondiale et EIFFAGE, groupe international de premier plan, parmi les leaders européens dans les secteurs de la construction et des concessions, annoncent la signature du financement de l’extension de l’autoroute à péage de D

IMF News

Trinidad and Tobago: IMF Team Concludes Visit

1 hour 39 min ago

Bank Deleveraging in Emerging Europe Slightly Faster in the Third Quarter of 2014

3 hours 34 min ago

San Marino: Concluding Statement of the 2015 Article IV Mission

3 hours 35 min ago

IMF Financial Activities -- Update January 22, 2015

21 hours 4 min ago

Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy

21 hours 8 min ago
Working Paper No. 15/22

Central Counterparties: Addressing their Too Important to Fail Nature

23 hours 18 min ago
Working Paper No. 15/21

A World Trade Leading Index (WTLI)

1 day 1 hour ago
Working Paper No. 15/20

IMF Survey: IMF Offers Free Access to Its Online Economic Data

1 day 1 hour ago

Ireland: Concluding Statement of the 2015 Article IV Mission

1 day 2 hours ago

The Netherlands Adheres to the IMF’s Special Data Dissemination Standard Plus

1 day 3 hours ago

Former Yugoslav Republic of Macedonia: IMF Executive Board Concludes the Fourth Post-Program Monitoring Discussion

1 day 3 hours ago

Former Yugoslav Republic of Macedonia: Staff Report for the Fourth Review Under the Post Program Monitoring Discussions

1 day 3 hours ago
Country Report No. 15/18

Speech: Rwanda—Taking On the Future, Staying Ahead of the Curve by Christine Lagarde, Managing Director, International Monetary Fund

1 day 4 hours ago

IMF Lending and Banking Crises

1 day 22 hours ago
Working Paper No. 15/19

The Effects of U.S. Unconventional Monetary Policy on Asia Frontier Developing Economies

4 days 19 hours ago
Working Paper No. 15/18

IMF Launches New Data Platform

4 days 19 hours ago

Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries

4 days 20 hours ago
Working Paper No. 15/17

Learning, Monetary Policy and Asset Prices

4 days 22 hours ago
Working Paper No. 15/16

Does Supply or Demand Drive the Credit Cycle? Evidence from Central, Eastern, and Southeastern Europe

4 days 22 hours ago
Working Paper No. 15/15

Output Gap Uncertainty and Real-Time Monetary Policy

4 days 23 hours ago
Working Paper No. 15/14

Transcript of a Press Briefing by William Murray, Deputy Spokesperson, Communications Department, IMF

5 days 55 min ago

Statement by IMF Managing Director Christine Lagarde on the Death of King Abdullah Bin Abdulaziz

5 days 6 hours ago

Governments’ Payment Discipline: The Macroeconomic Impact of Public Payment Delays and Arrears

5 days 19 hours ago
Working Paper No. 15/13

Revisiting the Concept of Dollarization: The Global Financial Crisis and Dollarization in Low-Income Countries

5 days 20 hours ago
Working Paper No. 15/12

Credit Booms and Macroeconomic Dynamics: Stylized Facts and Lessons for Low-Income Countries

5 days 21 hours ago
Working Paper No. 15/11

Corporate Financing Trends and Balance Sheet Risks in Latin America

5 days 22 hours ago
Working Paper No. 15/10

The Liquidation of Government Debt

5 days 23 hours ago
Working Paper No. 15/7

Fiscal Transparency and the Performance of Government Financial Assets

5 days 23 hours ago
Working Paper No. 15/9

Youth Unemployment in Advanced Europe: Okun’s Law and Beyond

5 days 23 hours ago
Working Paper No. 15/5

The Global Trade Slowdown: Cyclical or Structural?

5 days 23 hours ago
Working Paper No. 15/6

Statement by IMF Managing Director Christine Lagarde on ECB Decisions

6 days 2 hours ago

Transcript of a Press Briefing on the World Economic Outlook (WEO) Update

6 days 3 hours ago

IMF Video: Press Briefing: Regional Economic Outlook: Middle East and Central Asia

6 days 16 hours ago

IMF Video: Press Briefing: Outlook on Latin America and the Carribean

6 days 16 hours ago

Transcript of the Press Conference on the Middle East and Central Asia 2015 Economic Outlook Update and Low Oil Prices

6 days 16 hours ago

The Boon and Bane of Cheaper Oil -- Op ED by Masood Ahmed, Director of the Middle East and Central Asia Department

6 days 21 hours ago

IMF Survey : Falling Oil Prices Hurt Exporters across Mideast, Central Asia

6 days 21 hours ago

Ukraine: Statement by IMF Managing Director Christine Lagarde

1 week 1 hour ago

Middle East and Central Asia region -- January 2015 Update

1 week 2 hours ago

IMF Video: Falling Oil Prices Pose Challenges for Middle East, North Africa

1 week 2 hours ago

IMF Financial Activities -- Update January 15, 2015

1 week 1 day ago

IMF Financial Transactions Plan -- Quarterly Report, July 1, 2014 - September 30, 2014

1 week 1 day ago

Georgia: First Review Under the Stand-By Arrangement and Request for Modification of a Performance Criterion-Staff Report; and Press Release

1 week 1 day ago
Country Report No. 15/17

Republic of Poland: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement—Staff Report

1 week 1 day ago
Country Report

IMF World Economic Outlook (WEO) Update: Cross Currents

1 week 1 day ago

IMF Commodity Prices - January 2015 Update

1 week 1 day ago

IMF Survey: Global Growth Revised Down, Despite Cheaper Oil, Faster U.S. Growth

1 week 1 day ago

IMF Video: IMF Revises Down Outlook for Global Growth, Despite Cheaper Oil, Faster U.S. Growth

1 week 1 day ago

Podcast: Olivier Blanchard, on the State Of The World Economy

1 week 1 day ago
Podcast

Press Release: Statement by IMF Managing Director Christine Lagarde at the Conclusion of Her Visit to Ireland

1 week 1 day ago

Press Release: IMF Executive Board Concludes Article IV Consultation with the Republic of Madagascar

1 week 4 days ago

Podcast: Dirty Energy’s Human Toll, Ian Parry

1 week 4 days ago
Podcast

Press Release: IMF’s East AFRITAC Holds Regional Workshop on Micro Prudential Stress Testing

1 week 4 days ago

Press Release: IMF Managing Director Christine Lagarde to Visit Rwanda and Senegal

1 week 5 days ago

Speech: Three "Rosetta Moments" for the Global Economy in 2015 by Lagarde Christine, Managing Director, International Monetary Fund

1 week 6 days ago

IMF Survey: Make 2015 'Year of Action and Political Leadership'—Lagarde

1 week 6 days ago

Senegal: Selected Issues Paper

1 week 6 days ago
Country Report No. 15/15

Senegal: 2014 Article IV Consultation & 8th Review Under the Policy Support Instrument-Staff Report; Press Release; & Statement

1 week 6 days ago
Country Report No. 15/2

Republic of Poland: IMF Executive Board Approves New Two-Year US$23 Billion Flexible Credit Line Arrangement

1 week 6 days ago

The Gambia: IMF Staff Concludes Mission

1 week 6 days ago

Identifying Binding Constraints to Growth: Does Firm Size Matter?

1 week 6 days ago
Working Paper No. 15/3

OECD News - Corruption

France - OECD Anti-Bribery Convention

5 weeks 2 days ago
This page contains all information relating to implementation of the OECD Anti-Bribery Convention in France.

International Migrants Day: latest developments on international migration and its economic impact

5 weeks 5 days ago
International Migrants Day: latest developments on international migration and its economic impact

Argentina seriously non-compliant with key articles of Anti-Bribery Convention, says OECD

5 weeks 6 days ago
The OECD Working Group on Bribery doubts Argentina’s commitment to fight foreign bribery. Argentina still has no law to punish companies for foreign bribery or prosecute its citizens who commit this crime abroad. Widespread delays continue to plague complex economic crime investigations.

OECD Working Group on Bribery report on Argentina launches Thursday 18 December 2014

6 weeks 1 day ago
The OECD Working Group on Bribery will release a review of Argentina’s efforts to fight foreign bribery on Thursday 18 December at 11.00 CET/07.00 Buenos Aires time.

Consultation on Phase 4 monitoring of the OECD Anti-Bribery Convention

7 weeks 19 hours ago
On the occasion of International Anti-Corruption Day, this Working Group on Bribery consultation with the private sector and civil society focused on the development of the Phase 4 evaluation process of the OECD Anti-Bribery Convention.

International Anti-Corruption Day

7 weeks 1 day ago
As part of the International Anti-Corruption Day, the OECD has joined Member and Partner countries and other International Organisations in raising awareness about the costs and detrimental effects of corruption.

OECD News - Development

Austria should set timeframe for 0.7% development aid target, says OECD

1 week 6 days ago
Austria should set a timeframe to increase its aid budget in line with a pledge to allocate 0.7% of its gross national income (GNI) to development aid, according to an OECD Review.

Multi-dimensional Review of Myanmar: Volume 2. In-depth Analysis and Recommendations

2 weeks 8 hours ago
Building on an initial assessment of constraints to development in Myanmar (Volume 1), this second volume provides analysis and policy recommendations in three key areas: structural transformation, education and skills, and financing development.

OECD News - Economy

Reforms needed to boost productivity and accelerate convergence in Estonia, OECD says

3 hours 53 min ago
The underlying strengths of the Estonian economy have helped it bounce back from the crisis, but some challenges remain to finding a steeper, more inclusive and more sustainable growth path, according to the latest OECD Economic Survey of Estonia.

Mr. Angel Gurría, OECD Secretary-General, on Official visit in Estonia, 28 January 2015

10 hours 8 min ago
The Secretary-General of the OECD will be in Tallinn on 28 January to launch the Economic Survey of Estonia 2015.

OECD Economic Survey of Estonia launches Wednesday 28 January 2015

5 days 1 hour ago
The OECD’s latest Economic Survey of Estonia, to be published on Wednesday 28 January 2015, assesses steps the country can take to revitalise growth and raise GDP above pre-crisis levels, building on its strong framework conditions. The Survey discusses the key challenges to raise growth prospects durably and inclusively.

OECD bolsters relationship with Kazakhstan – Signs Kazakhstan Country Programme Agreement

6 days 6 hours ago
The OECD and the Government of Kazakhstan are signing today in Davos a Memorandum of Understanding on a two-year Country Programme, which will support an ambitious set of reforms of Kazakhstan’s policies and institutions.

Escaping the Stagnation Trap: Policy Options for the Euro Area and Japan

1 week 2 hours ago
The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

OECD News - Finance

15th Tokyo Roundtable on Capital Market and Financial Reform in Asia

0 sec ago
This roundtable offers a forum for regulators, policy-makers, experts, practitioners, scholars and international organisations to discuss issues relating to capital market reform in Asia.

15th Tokyo Roundtable on Capital Market and Financial Reform in Asia

0 sec ago
This roundtable offers a forum for regulators, policy-makers, experts, practitioners, scholars and international organisations to discuss issues relating to capital market reform in Asia.

Escaping the Stagnation Trap: Policy Options for the Euro Area and Japan

1 week 2 hours ago
The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.

Infrastructure versus other investments in the global economy and stagnation hypotheses: What do company data tell us?

1 week 5 days ago
“Why do financial institutions and investors see so little risk, while companies investing in the real economy see so much risk?” This is perhaps the most important question facing policy makers today. This paper sets out some of the possible hypotheses for lack of investment in the world economy. It uses data drawn from 10 000 global companies in 75 advanced and emerging countries.

The World Bank - Governance

Transparent government and business regulation : "open for business?"

8 weeks 13 hours ago
This paper presents new indicators for 185 economies measuring the accessibility of business regulatory information. The paper shows that the new data can serve as meaningful proxies for the overall transparency of governments and the new data have explanatory power for the quality of business regulation. The paper finds the regulatory environment to be most opaque in Sub-Saharan Africa and the Middle East and North Africa, where businesses can often only access basic regulatory information by meeting a government official. By contrast, in countries in the Organisation for Economic Co-operation and Development and Eastern Europe and Central Asia, access is more direct via websites, public billboards, and brochures. Moreover, Organisation for Economic Co-operation and Development economies are more consistent in their transparency efforts across government agencies. The paper also finds that while resources as proxied by income levels play some role in explaining why some economies make more information easily accessible than others, those resources are not the only determining factor; regardless of income, more democratic governments tend to make greater transparency efforts. Finally, easier access to basic regulatory information is associated with greater regulatory quality and less corruption.

Local foundations for better governance : A Review of Ghazala Mansuri and Vijayendra Rao's Localizing Development

8 weeks 13 hours ago
In Localizing Development, Mansuri and Rao survey theory and evidence for development strategies based on local community empowerment. This note extends their theoretical argument by focusing on local government as a vital source of new leadership. Local leaders who provide better public service can prove their qualifications for higher office, but new competition from popular local leaders may be against the interests of incumbent national leaders. Thus, decentralization reforms that could benefit economic development may face powerful resistance. International assistance should promote a balanced development of local and national governments, along with a free press to monitor government at all levels. To better inform public discussions of decentralization reforms, the World Bank should actively support research on comparative subnational politics.

The World Bank - Porverty Reduction

Addressing access and behavioral constraints through social intermediation services : a review of Chile Solidario and Red Unidos

7 weeks 1 day ago
Social programs are often designed under the assumption that individuals make rational decisions that improve their welfare. Yet, informational and behavioral constraints limit the extreme and chronic poor's access and participation in social programs. This paper reviews the implementation and performance of two "social intermediation services" that were designed to address these constraints, improve beneficiaries' access to social programs, and help the poor surmount poverty: Chile Solidario, the first such service in Latin America, and Red Unidos, implemented later in Colombia. The analysis provides insights on key factors influencing performance, cost effectiveness, and the impacts that such services can be expected to have.

How significant is Africa's demographic dividend for its future growth and poverty reduction ?

7 weeks 2 days ago
Africa will be undergoing substantial demographic changes in the coming decades with the rising working age share of its population. The opportunity of African countries to convert these changes into demographic dividends for growth and poverty reduction will depend on several factors. The outlook will likely be good if African countries can continue the gains already made under better institutions and policies, particularly those affecting the productivity of labor, such as educational outcomes. If African countries can continue to build on the hard-won development gains, the demographic dividend could account for 11 to 15 percent of gross domestic product volume growth by 2030, while accounting for 40 to 60 million fewer poor in 2030. The gains can become much more substantial with even better educational outcomes that allow African countries to catch up to other developing countries. If the skill share of Africa's labor supply doubles because of improvements in educational attainment, from 25 to about 50 percent between 2011 and 30, then the demographic dividends can expand the regional economy additionally by 22 percent by 2030 relative to the base case and reduce poverty by an additional 51 million people.

Party age and party color : new results on the political economy of redistribution and inequality

8 weeks 13 hours ago
This paper advances research on inequality with unique, new data on income distribution in 61 countries, including 20 Latin American countries, to explore the effects of political parties on redistribution. First, consistent with a central -- but still contested -- assumption of the political economy literature, left-wing governments redistribute more. In addition, consistent with recent research on the importance of party organization and the organizational differences between younger and older parties, older left-wing parties are more likely to internalize the long-run costs of redistribution and to be more credible in their commitment to redistribution, leading them to redistribute less. With entirely different data, the paper also provides evidence on mechanisms: left-wing governments not only redistribute more, they tax more; older left-wing parties, though, tax less than younger ones.

World Trade Organization - News

Trade Policy Review: Barbados

1 day 4 hours ago
The third review of the trade policies and practices of Barbados takes place on 27 and 29 January 2014. The basis for the review is a report by the WTO Secretariat and a report by the Government of Barbados.

Items proposed for consideration at the next meeting of Dispute Settlement Body

2 days 1 hour ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 26 January 2015, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.

Appellate Body report on Argentina’s import measures adopted

2 days 1 hour ago
The Dispute Settlement Body, on 26 January 2015, adopted the Appellate Body report in the case “Argentina –Measures Affecting the Importation of Goods” (DS438, DS444, DS445). The co-complainants in this case were the European Union, Japan and the United States.

India appeals panel report on agricultural import measures

2 days 1 hour ago
India filed a Notice of Appeal on 26 January 2015 regarding the panel report on “India – Measures Concerning the Importation of Certain Agricultural Products” (DS430).

Azevêdo launches intensive process to agree Doha work programme

1 week 1 hour ago
At an open-ended meeting with all members today (21 January) – the first of 2015 – Director-General Roberto Azevêdo launched a new process of consultations with the aim of agreeing a work programme on the remaining Doha Development Agenda issues by July this year. This new deadline was set by members at a special meeting of the General Council in November.

Registration opens for public viewing of oral hearing in “US-COOL” appeal

1 week 1 hour ago
Following a request from Canada and the United States, two of the participants in the disputes “United States – Certain Country of Origin Labelling (COOL) Requirements – Recourse to Article 21.5 of the DSU by Canada and Mexico” (WT/DS384, WT/DS386), the Appellate Body Division in these appellate proceedings has decided to open the oral hearing on 16 and 17 February 2015 to public observation via simultaneous closed-circuit broadcast to a separate viewing room in the WTO headquarters in Geneva.

Chinese Taipei pledges USD 240,000 to support food safety, animal/plant health standards

1 week 1 hour ago
The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu (Chinese Taipei) has pledged to donate USD 80,000 (CHF 82,000) to the WTO Standards and Trade Development Facility (STDF) each year for 2014-2016. The objective of this fund is to help developing countries and least-developed countries (LDCs) establish and implement sanitary and phytosanitary standards (SPS) for health protection and expand their ability to gain or maintain access to international markets.

Advanced trade policy course begins in Geneva

1 week 2 days ago
Twenty-five participants from around the world are attending the two-month Advanced Trade Policy Course from 19 January until 12 March 2015 at the WTO headquarters in Geneva. The course was opened by the Patron, Ambassador Harald Neple of Norway, and Ms Bridget Chilala, Director of the Institute for Training and Technical Cooperation.

Azevêdo invited to participate in informal meeting of African ministers

1 week 3 days ago
At the invitation of Egypt’s Minister of Industry, Trade and Small and Medium-sized Enterprises, Mounir Fakhry Abdel Nour, Director-General Roberto Azevêdo participated in an informal meeting of African ministers on 18 January in Cairo to discuss the WTO’s work in 2015. At the end of the meeting, the ministers issued a press statement.

Azevêdo: India’s support “vital” in WTO negotiations this year

1 week 5 days ago
Director-General Roberto Azevêdo, in his address to the Partnership Summit of the Confederation of Indian Industry in Jaipur on 16 January 2015, said: “It is in the interest of developing countries that the WTO is seen as an organization that delivers. So we must succeed in these efforts—and, as ever, India’s leadership will be vital.”

Appellate Body report in US-China dispute over countervailing measures adopted

1 week 5 days ago
The Dispute Settlement Body, on 16 January, adopted the Appellate Body report on the dispute between China and the United States over countervailing measures on certain products from China (WT/DS437/AB/R ).

Items proposed for consideration at the next meeting of Dispute Settlement Body

1 week 5 days ago
The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 16 January 2015, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.

Appellate Body issues report on Argentina’s import measures

1 week 6 days ago
On 15 January 2015, the WTO Appellate Body issued its report in the case “Argentina – Measures Affecting the Importation of Goods” (WT/DS438/444/445). The complainants in this case were the European Union, the United States and Japan.

Founded in 2000, the Parliamentary Network is an independent, non-governmental organization that provides a platform for Parliamentarians from over 140 countries to advocate for increased accountability and transparency in development cooperation. Alain Destexhe is the current Chair of the Parliamentary Network.

 

The Network – via its international secretariat, regional chapters and country chapters – reaches over 1500 Parliamentarians in Africa, Asia, Europe and the Americas. It strives to increase transparency and accountability in the development cooperation process by fostering the oversight role of parliaments and civil society. The Network has a specific focus on multilateral aid and a sub-focus on the work and modus operandi of the World Bank Group and the International Monetary Fund (IMF), the world’s largest multilateral funders.

 

It provides a platform for MPs and civil society to hold to account their own governments, as well as International Financial Institutions (IFIs), for development outcomes.

Membership is free of charge and open to elected parliamentarians who currently hold a mandate. As a member, you will receive The Parliamentary Network on the World Bank and International Monetary Fund’s policy materials, including the quarterly Network Review publication and the Parliamentarians and Development series.

You will also be eligible to attend the Annual Conference and participate in discussions with senior World Bank and IMF leadership. You can also be invited to take part in the Parliamentarians in the Field country visit programme.
In addition, the The Parliamentary Network on the World Bank and International Monetary Fund often invites partner organizations to join its activities.
PARLIAMENTARIAN PARTNER