A record US$ 260 billion was sent home by migrant Asian workers last year and one in ten Asian families depend on this remittance money to survive. But, according to a new report to be launched on 20 May 2013, high fees and limited financial services mean that the potential impact this money could have [...]
In its latest Global Financial Stability Report, the International Monetary Fund (IMF) says that "despite dramatic financial improvements in recent months, there is a persistent and growing wedge in Europe between financial “haves” and “have not's." IMF
To export a truckload of goods out of Nepalmeans a flurry of paperwork, unbelievably treacherous mountain roads, and a border post without a proper computer system. It’s an exhausting, frustrating journey. Now there are plans to streamline the process to improve trade with India and the world. WORLD BANK
In its bi-weekly briefing, the IMF welcomed the Eurogroup's approval of a payout of 49.1 billion euros to Greece and said that Prime Minister Monti has put Italy on the path to growth. It also said no new Executive Board date has been set for a discussion of a programme with Egypt. IMF
The International Monetary Fund today said that with solid agreements in place between the IMF, Greece, and the European authorities, the next step is for all parties to follow through on their commitments. The IMF also said that the Ukraine has expressed interest in a program, but discussions with Hungary are not progressing. IMF
Releasing the conclusions of its annual survey of the UK economy today, the International Monetary Fund (IMF) tells UK policymakers they may need to adopt further credit easing measures and slowing the pace of fiscal tightening to avoid permanently damaging the long-run capacity of their economy. IMF
The United Nations proposed a series of financial mechanisms to raise $400 billion annually for development needs, as many donor countries have cut back their assistance funding due to the global economic crisis. UNTV
International Monetary Fund spokesman Gerry Rice said Thursday that the IMF’s role in monitoring a European rescue package for Spanish banks is still being discussed, but that Spain had not asked for IMF financial assistance. IMF
IMF Managing Director Christine Lagarde said that the IMF is exploring how government spending and taxes can be used to address climate change. IMF
The latest economic prospects from the World Bank says that there is concern that a global slowdown could heavily impact developing countries. If the European crisis deteriorates further, growth in developing countries could be significantly reduced. WORLD BANK