This article is brought to you in association with the European Commission. The Commission has presented the first European Semester Autumn Package since the ambitious and comprehensive reform of the EU’s new economic governance framework entered into force in April 2024. It is an essential step in delivering on the objectives of the reform to make […]First European Semester Autumn Package under new economic governance framework sets out path for sound public finances and sustainable and inclusive growth
November 27, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has presented the first European Semester Autumn Package since the ambitious and comprehensive reform of the EU’s new economic governance framework entered into force in April 2024. It is an essential step in delivering on the objectives of the reform to make […]EBRD warns its economies to take care with industrial policies
November 26, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The global resurgence of industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – can yield positive results but need to be designed and implemented with tactical precision, the European Bank for Reconstruction and Development (EBRD) said today. The Bank’s latest […]New Open Finance Guidelines Aim to Spur Financial Inclusion
November 21, 2024 by Leave a Comment
This article is published in association with IMF. Washington, DC – November 20, 2024: A coalition of international organizations today launched high-level guidelines for public authorities seeking to harness open finance to accelerate digital financial services and innovation and increase usage of a broader range of financial products. Alongside investment in digital public infrastructure, and ongoing […]COP29: Circular economy investments deliver social, economic and environmental benefits
November 21, 2024 by Leave a Comment
This article is brought to you in association with EBRD. At the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, Multilateral Development Banks (MDBs) presented their first joint report on the circular economy: “The circular economy in motion”. The report presents 20 detailed case studies from around the world and a variety of areas ranging […]European Commission issues €7 billion in its 10th syndicated transaction of 2024
November 20, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €7 billion of EU Bonds in its 10th syndicated transaction for 2024, €3 billion of which in the form of NextGenerationEU (NGEU) Green Bonds. The dual-tranche transaction concerned a €4 billion tap of the EU Bond maturing on […]EBRD, European Union and United States help Kyiv prepare for winter
November 19, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is extending an unfunded portfolio risk-sharing facility for up to €25 million to Commercial International Bank (CIB) to promote on-lending to small and medium-sized enterprises (SMEs) in Egypt. The EBRD facility will help cover up to 50 per cent of […]EU annual budget 2025: pursuing our political priorities and addressing crises
November 18, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. The Commission welcomes today’s agreement between the European Parliament and the European Council on the annual EU budget 2025. This budget will allow the EU to deliver on its political commitments, starting with the changes agreed in the mid-term revision of the Multiannual Financial […]Coffee, tea and cocoa costs see global food import bill soaring past $2 trillion
November 15, 2024 by Leave a Comment
This article is published in association with United Nations. The global food import bill is projected to exceed $2 trillion in 2024 – fuelled by the rising cost of everyone’s favourite hot drinks – according to the latest Food Outlook released by the Food and Agriculture Organization (FAO) on Thursday. The biannual report, which focuses on […]The Clock is Ticking on Sub-Saharan Africa’s Urgent Job Creation Challenge
November 13, 2024 by Leave a Comment
This article is published in association with IMF. Athene Laws, Faten Saliba, Can Sever, Luc Tucker As the rest of the world grapples with aging populations, Africa’s population is booming. By 2030, half of all new entrants into the global labor force will come from sub-Saharan Africa, requiring the creation of up to 15 million new […]How Property Taxes Can Help Low-Income Countries to Develop
November 12, 2024 by 1 Comment
This article is published in association with IMF. The world’s governments must raise an additional $3 trillion to achieve sustainable and inclusive economic growth goals this decade. The cost in emerging markets equals 4 percent of gross domestic product—and 16 percent for low-income countries. How can countries finance such staggering price tags? Large cities such as […]Italy: New EIB-CDP agreement to provide €1 billion in support for public sector
November 6, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have announced an agreement to strengthen their cooperation to promote public sector investment in key sectors of the Italian economy. Up to €1 billion in new funds will support sustainable regional growth and public sector investment […]Civil Service Reform as an Enabler of Public Financial Management Reform
November 5, 2024 by Leave a Comment
This article is published in association with IMF. Civil service reform and public financial management (PFM) reform are closely intertwined, both vital to improving governance. Strong PFM helps ensure public sector efficiency and transparency, which in turn supports economic growth, improves service delivery, and reduces corruption. Similarly, civil service reform seeks to improve the delivery of […]Upgrading Fiscal Frameworks in Asia-Pacific
October 30, 2024 by Leave a Comment
This article is published in association with IMF. Paulo Medas, Masafumi Yabara Recent years have demonstrated the critical role of fiscal policy in shielding households and the economy from large shocks, but the costs can be large. Many Asia-Pacific countries currently face substantial challenges, including lower growth and the impact of aging and climate change, while […]As Inflation Recedes, Global Economy Needs Policy Triple Pivot
October 28, 2024 by Leave a Comment
This article is published in association with IMF. Growth is projected to hold steady, but amid weakening prospects and rising threats, the world needs a shift in policy gears Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some countries. After […]EU budget for 2025 to focus on research, health, education, and climate action
October 25, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. Parliament demands an EU budget for 2025 that focuses on improving people’s lives, boosting competitiveness, and addressing current challenges. MEPs set the overall level of commitment appropriations for the 2025 draft budget at almost €201 billion, €1.24 billion more than the Commission’s proposal from […]The Socio – Economic impact of family planning in low income Nations
October 25, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Mr. Sotiris Christoforou is a medical student at the University of Cyprus, passionate about global health, development, and medical research. He is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer […]Unlocking Prosperity: How Access to Contraception Fuels Economic Growth and Gender Equality in Low-Income Nations
October 24, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Samaa Tarek Hassan, an MBBS student at Mansoura University, Egypt. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s view on the […]Global Financial Fragilities Mount Despite Rate Cuts and Buoyant Markets
October 23, 2024 by Leave a Comment
This article is published in association with IMF. When it comes to financial stability, the world is facing a split screen of short-term and medium-term factors. The good news is that near-term financial stability risks remain contained. Why? Because the likelihood of a soft landing for the global economy has significantly increased. As inflation continues to […]EBRD, EU partner with ACBA LEASING to support Armenian firms
October 21, 2024 by Leave a Comment
This article is brought to you in association with EBRD. Micro, small and medium-sized enterprises (MSMEs) in Armenia are to benefit from new funding from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU), made available through ACBA LEASING. The EBRD loan of US$ 5 million (€4.6 million) is complemented by the EU with grant […]Support for Economic Reforms Hinges on Communication, Engagement, and Trust
October 21, 2024 by Leave a Comment
This article is published in association with IMF. Effective communication, civic engagement, and earning the public’s trust are the keys to advance pro-growth reforms Silvia Albrizio, Bertrand Gruss, Yu Shi The global economy is stuck in a low-growth gear, largely because of aging populations, weak business investment, and structural frictions that prevent capital and labor from […]UN chief proposes $3.6 billion budget for 2025, highlighting peace, development and reforms
October 17, 2024 by Leave a Comment
This article is published in association with United Nations. The UN Secretary-General on Wednesday presented a $3.6 billion budget proposal for programmes in 2025, highlighting the Organization’s commitment to peace, sustainable development, and human rights initiatives, while advancing key reforms. Outlining his proposal at the General Assembly’s Fifth Committee, the forum for administrative and budgetary matters, […]Global Inflationary Episode Offers Lessons for Monetary Policy
October 17, 2024 by Leave a Comment
This article is published in association with IMF. Jorge Alvarez, Alberto Musso, Jean-Marc Natal, Sebastian Wende The inflation surge followed a unique disruption to the global economy, but it still offers important lessons for central banks The inflation surge over the past three years followed a unique disruption to the global economy. Pandemic lockdowns initially tilted […]Commission endorses preliminary assessment of Romania’s third payment request under the Recovery and Resilience Facility
October 16, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has endorsed a positive preliminary assessment of the six targets and 62 out of 68 milestones linked to Romania’s third payment request for €2 billion (net of pre-financing) under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. The third payment request […]Contraception: The Key to Empowering Women and Driving Economic Growth in Low-Income Nations
October 16, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Sadia Khalid, a dedicated professional with an extensive academic background, holding an MBBS and an MD degree. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do […]Team Europe launches new funding envelope to support economic growth in African, Caribbean and Pacific countries
October 15, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB Global) has signed agreements with seven EU Member States pledging just over €74 million to a new envelope under the ACP Trust Fund. This funding will promote inclusive and sustainable economic growth and human development, especially in least developed countries and fragile states in Africa, the […]Morocco: EIB, the EU bank, commits €1 billion to rebuild infrastructure following Al Haouz earthquake
October 14, 2024 by Leave a Comment
This article is published in association with European Investment Bank. On 10 October 2024, the European Investment Bank (EIB) announced the signing of an agreement with the Moroccan Ministry of Economy and Finance, in the presence of representatives of the Ministry of National Education, Pre-School and Sport, the Infrastructure and Water Ministry, and the Health Ministry, […]Commission approves €520 million Luxembourgish State aid schemes to foster the transition to a net-zero economy
October 14, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved two Luxembourgish schemes with a total budget of €520 million to help manufacturing companies to decarbonise their production processes and to support investments in strategic sectors to foster the transition to a net-zero economy. The schemes were approved under […]Investing in sustainable economic growth and solidarity and safeguarding EU financial interests through our 2023 budget
October 10, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission welcomes the European Court of Auditor (ECA)’s extensive work on its Annual Report on the 2023 EU budget published today and takes note of the ECA’s valuable insights as regards the regularity of the EU budget implementation. Main achievements of the EU […]Empowering Women: The Essential Link Between Access to Contraception and Economic Prosperity in Low-Income Nations
October 10, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Arwa Alsadig Yaseen, a dedicated advocate for women’s rights and reproductive health. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s view […]Remarks of Commissioner Gentiloni at the Eurogroup press conference
October 8, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Thank you, Paschal. Let me start with a few words on the euro area economy. Gradual, moderate expansion is continuing. GDP grew by 0.5% in the first half of the year. Labour markets remain historically strong. Inflation has just fallen below the ECB’s target […]Lessons from Failures of UK Accounting and Fiscal Governance
October 8, 2024 by Leave a Comment
This article is published in association with IMF. David Heald My new journal article with Ron Hodges (University of Birmingham) explores what has gone wrong with UK accounting and fiscal governance. The UK is a long-established parliamentary democracy and an important European economy. While we reject the ‘Britain is broken’ narrative which has been popularized, we […]EU finance ministers welcome proposals for new EIB Group initiatives to deepen Europe’s capital markets, channel savings into productive investments and boost competitiveness
October 8, 2024 by 1 Comment
This article is published in association with European Investment Bank. European Union Finance ministers have welcomed an Action Plan to be deployed by the European Investment Bank (EIB) Group, to support the development of the Capital Markets Union. The Plan includes measures to untap private savings and channel them into productive investment, to boost innovation, competitiveness, […]Cost of living is citizens’ main concern at the start of the new legislature
October 4, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. The European Parliament released today the “EU Post-Electoral Survey 2024” looking at voting behaviour and the main priorities of EU citizens. Rising prices and the cost of living (42%) and the economic situation (41%) were the main topics that motivated European citizens to vote […]
