This article is published in association with United Nations. The world economy is on a recessionary trajectory as global growth is expected to slow to 2.3 per cent this year due to escalating trade tensions and uncertainty, the UN trade and development body, UNCTAD, said in a new report published on Wednesday. The projection is below […]Global growth on recessionary path amid trade tensions and uncertainty
April 18, 2025 by Leave a Comment
This article is published in association with United Nations. The world economy is on a recessionary trajectory as global growth is expected to slow to 2.3 per cent this year due to escalating trade tensions and uncertainty, the UN trade and development body, UNCTAD, said in a new report published on Wednesday. The projection is below […]How to Build Public Support for Energy Subsidy and Pension Reforms
April 17, 2025 by Leave a Comment
This article is published in association with IMF. Era Dabla-Norris, Davide Furceri, Mauricio Soto Many countries struggle with low economic growth and high debt and will need bold fiscal actions to restore their finances. Two significant areas for potential savings are energy subsidies and pension systems. However, reforms in both areas can be unpopular with the public. Public […]Emerging Markets Face a Perfect Storm
April 15, 2025 by Leave a Comment
This article is published in association with IMF. Kanan Mammadov Emerging economies are bracing for what could become a new sovereign debt crisis. Developing countries are set to pay a record $400 billion in external debt service in 2024 (World Economic Forum), a burden that threatens to divert resources from crucial development needs. From 2020 to 2023, there were 15 […]How Rising Geopolitical Risks Weigh on Asset Prices
April 15, 2025 by Leave a Comment
This article is published in association with IMF. Salih Fendoglu, Mahvash S. Qureshi, Felix Suntheim Heightened tensions can hurt stock markets, raise government borrowing costs, and pose risks to financial stability Global geopolitical risks remain elevated, raising concerns about their potential impact on economic and financial stability. Shocks such as wars, diplomatic tensions, or terrorism can disrupt cross-border trade […]EU and UAE agree to launch free trade talks
April 11, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. Today, President von der Leyen held a cordial phone call with His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates. During their discussion, they agreed to launch negotiations on a free trade agreement. This marks a positive step forward […]New screening rules for foreign investment in the EU
April 9, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. On Tuesday, the International Trade Committee adopted revised rules for screening foreign investments in the EU. Under the new rules, more sectors, such as media services, critical raw materials and transport infrastructure, will be subject to mandatory screening by Member States, in order to […]European Commission issues €8 billion in its 4th syndicated transaction of 2025
April 9, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €8 billion of EU-Bonds in its 4th syndicated transaction for 2025. The dual-tranche transaction concerned a €5 billion tap of the EU-Bond maturing on 4 July 2028, and a €3 billion tap of the EU-Bond maturing on 4 […]EU budget priorities for 2026: resilience and preparedness
April 4, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. MEPs adopted their priorities for the 2026 EU budget on Wednesday, emphasising defence, prosperity and sustainability. MEPs endorsed Parliament’s guidelines for the 2026 EU budget by 441 votes in favour, 173 against, and with 70 abstentions, saying that next year’s budget should focus on […]Seven Success Mantras for Public Financial Management Reforms
April 3, 2025 by Leave a Comment
This article is published in association with IMF. Antonio Blasco, Srinivas Gurazada Public Expenditure and Financial Accountability (PEFA) assessment reports offer a comprehensive 360-degree view of Public Financial Management (PFM), utilizing robust evidence-based scoring methodology. While producing a high-quality PEFA assessment report is largely a technical exercise, decisions on reform actions necessarily need to go beyond […]EP Trade Committee Chair on US tariffs: “Unjustified, illegal and disproportionate”
April 3, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. ernd LANGE (S&D, DE), Chairman of the European Parliament’s International Trade Committee, reacts to the 20% tariff announced by US President Donald Trump tonight. “While President Trump might call today ‘Liberation Day’, from an ordinary citizen’s point of view this is ‘Inflation Day’. These […]Southeast Asia’s Economies Can Gain Most by Packaging Ambitious Reforms
March 28, 2025 by Leave a Comment
This article is published in association with IMF. Anne-Charlotte Paret Onorato Combining overhauls in areas including business and external regulation, governance, and human development can boost output levels by 3 percent over four years. Anne-Charlotte Paret Onorato March 25, 2025 Southeast Asia’s major economies have made major strides over the last couple of decades. The largest have seen […]Commission endorses preliminary assessment of Romania’s third payment request under the RRF
March 26, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has given a positive preliminary assessment of the key milestone in Romania’s third payment request regarding the reduction of the special tax regime for micro-enterprises. So far, 68 out of the 74 milestones and targets have been positively assessed under this request […]Commission unveils Savings and Investments Union strategy to enhance financial opportunities for EU citizens and businesses
March 20, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has adopted its strategy for the Savings and Investments Union (SIU), a key initiative to improve the way the EU financial system channels savings to productive investments. It seeks to offer EU citizens broader access to capital markets and better financing […]Uganda’s Tenfold Growth Strategy: Lessons from Singapore’s Experience
March 19, 2025 by 3 Comments
This article is published in association with IMF. In 2023, Uganda launched an ambitious growth strategy to expand its economy from USD 50 billion to USD 500 billion by 2040. This ‘ten-fold growth strategy’ is anchored on agro-industrialization, tourism, mineral development, and science and technology innovation (ATMS) to accelerate growth. Achieving this bold ambition could elevate […]How Sound Economic Policy Can Help Prevent Conflict
March 17, 2025 by Leave a Comment
This article is published in association with IMF. Macroeconomic policy can play a key role in preventing armed conflict, in turn saving lives and avoiding injuries, forced displacement and migration, and vast damage to the economy. That’s according to new IMF research, based on policy simulations incorporating machine learning-based predictions of conflict. The paper finds that every […]European Commission issues €9 billion in its 3rd syndicated transaction of 2025 *
March 12, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. * The European Commission has today raised €9 billion of EU-Bonds in its 3rd syndicated transaction for 2025. The single-tranche transaction concerned a new €9 billion EU-Bond maturing on 12 December 2035. The 10-year bond was priced 99.674% with a re-offer yield of 3.413%. Bids received […]Boosting Growth and Prosperity in South Africa
March 11, 2025 by Leave a Comment
This article is published in association with IMF. Improving the business environment, strengthening governance, and reforming the labor market are among the keys to economic success South Africa is well-positioned to confront significant longstanding challenges that have been holding the economy back: declining real per-capital income, persistent unemployment, pervasive poverty, and one of the highest inequality […]EIB mobilises capital markets for gender equality and women’s economic empowerment
March 6, 2025 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank has announced the extension of its Sustainability Awareness Bond (SAB) to cover two new social objectives: “gender equality” and “women’s economic empowerment”. It comes ahead of International Women’s Day at the EIB Group Forum which has brought together partners from national finance […]How Talent Fuels Growth
March 6, 2025 by 1 Comment
This article is published in association with IMF. Gita Bhatt Every great leap in human progress—from the printing press to the steam engine to the semiconductor—has been driven by ideas. But ideas do not emerge in a vacuum; they come from people. And among them, it is often the most talented minds that push the boundaries […]EBRD’s 2025 growth forecast for Türkiye unchanged
February 27, 2025 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) expects Türkiye’s economy to grow by 3 per cent in 2025, unchanged from its September 2024 forecast. The Bank expects the Turkish economy to then grow by 3.5 per cent in 2026. These forecasts were published today in […]Commission brings relief to European consumers and businesses with Action Plan to save €260 billion annually by 2040
February 27, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The EU is at a crucial turning point for its competitiveness, decarbonisation and security, with a clear need to act. Structurally high energy costs are hurting our citizens and businesses. The challenges are clear, and so is the role of the European Union to […]EBRD revises down Ukraine’s 2025 growth forecast
February 27, 2025 by Leave a Comment
This article is brought to you in association with EBRD. Ukraine’s economy, which grew 3.0 per cent in 2024 despite the pressures of Russia’s full-scale war, is forecast to grow 3.5 per cent in 2025 and strengthen further to 5.0 per cent in 2026 provided that an agreement to suspend fighting is reached this year, says […]Growth slows in EBRD regions amid fragmenting trade and investment
February 27, 2025 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has revised its regional economic forecast for 2025 downwards by 0.3 percentage points relative to its September 2024 outlook. Growth across the economies where the Bank invests is now expected to average 3.2 per cent this year, before […]Commission simplifies rules on sustainability and EU investments, delivering over €6 billion in administrative relief
February 27, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has adopted a new package of proposals to simplify EU rules, boost competitiveness, and unlock additional investment capacity. This is a major step forward in creating a more favourable business environment to help EU companies grow, innovate, and create quality jobs. […]Commission strengthens further the European Union’s financial risk management framework
February 26, 2025 by Leave a Comment
Commission strengthens further the European Union’s financial risk management frameworkEBRD and UK align efforts to mobilise private capital
February 25, 2025 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) and the UK government are joining forces to support private capital mobilisation and stimulate growth in developing countries and the United Kingdom. EBRD President Odile Renaud-Basso and UK Chancellor of the Exchequer Rachel Reeves today welcomed UK-based businesses, […]MPs and MEPs meet to discuss economic, budgetary, and social concerns
February 19, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. The annual European Parliamentary Week will take place on Monday and Tuesday, bringing MEPs together with MPs from member states and EU candidate countries. European Parliament President Roberta Metsola will open the event on Monday at 14.30, together with the Marshals of Poland’s Sejm […]Cost of living and environment are the main concerns of young people in the EU
February 18, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. An EP survey of EU citizens aged 16-30 shows social media is their main information source, and that the majority are also aware of the risks of online disinformation. Rising prices and the cost of living are a concern for 40% of the 16-30 […]€1.18 billion and €128 million payments to the Netherlands and Denmark move forward under NextGenerationEU with Commission’s positive preliminary assessments
February 18, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission issued positive preliminary assessments of the Netherlands’ payment request for €1.18 billion and Denmark’s payment request for €128 million under NextGenerationEU, the centrepiece of Europe’s recovery efforts to build a greener, more digital and competitive Union. The Commission preliminarily concluded that the Netherlands […]Rising Rates May Trigger Financial Instability, Complicating Fight Against Inflation
February 17, 2025 by Leave a Comment
This article is published in association with IMF. Katharina Bergant, Mai Hakamada, Divya Kirti, Rui C. Mano Before the pandemic, investors worried about how persistently low inflation and interest rates would crimp bank profits. Paradoxically, they also worried about bank profitability when post-COVID reopening sent inflation and central bank interest rates soaring. The failure of Silicon […]Statement on the US reciprocal tariff policy
February 17, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission views President Trump’s proposed “reciprocal” trade policy as a step in the wrong direction. The EU remains committed to an open and predictable global trading system that benefits all partners. The EU maintains some of the lowest tariffs in the world […]MEPs ask the ECB to assess the impact of global conflicts on price stability
February 14, 2025 by Leave a Comment
This article is brought to you in association with the European Parliament. Plenary adopted recommendations to the European Central Bank on Tuesday, following a debate on its priorities and activities with President Christine Lagarde on Monday. With 378 votes in favour, 233 against and 26 abstentions, MEPs say they want the ECB to do more to […]Shaping the future of the EU together: the Commission sets out the road to the next EU long-term budget
February 13, 2025 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission published a Communication on ‘The Road to the next Multiannual Financial Framework’. It outlines the key policy and budgetary challenges that will shape the design of the next Multiannual Financial Framework (MFF). This lays the groundwork for reflections on how […]
