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 […]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 […]Suffering continues for civilians in Gaza and Lebanon
November 8, 2024 by Leave a Comment
The month-long Israeli siege in northern Gaza has left civilians on the brink of disaster, preventing them from accessing the essentials for their survival, including water, UN humanitarians warned on Thursday. Aid workers are being forced to work in unsafe conditions, as insecurity and restrictions by Israeli forces prevent them from reaching people in need, […]Lebanon: UN condemns increasing loss of life and civilian suffering
November 5, 2024 by Leave a Comment
This article is published in association with United Nations. The increasing impact of fighting between Israel Defense Forces (IDF) and militants from Hezbollah on Lebanese civilians “is of grave concern”, said UN Spokesperson Stéphane Dujarric on Monday, condemning the mounting loss of life. “All actors must adhere to international law and protect civilians and civilian infrastructure,” […]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 […]Sudan crisis escalates as attacks in Al Jazirah spark mass displacement
November 4, 2024 by Leave a Comment
This article is published in association with United Nations. UN Secretary General António Guterres has strongly condemned escalating attacks by the Rapid Support Forces (RSF) in Sudan’s Al Jazirah state, as new reports reveal over 135,000 civilians were displaced in just 10 days. “The Secretary General is appalled by the large numbers of civilians being killed, […]Ukraine: Time to recognise ‘tremendous potential’ of demining
October 16, 2024 by Leave a Comment
This article is published in association with United Nations. The critical funding gap for mine action in Ukraine, estimated at over $34 billion, holds “tremendous potential” for the nation when connected with sustainability efforts, say the authors of a new demining report released by the UN Development Programme (UNDP) on Tuesday. Tweet URL https://news.un.org/en/media/oembed?url=https%3A//x.com/UNDPUkraine/status/1846117009433522671&max_width=305&max_height=550&hash=KHr8KUYhJf02P0-e-cqiozUbIjLQuynk68JIPSQ6GmM “It’s a double […]Ukraine: Trade Committee endorses financial support backed by Russian assets
October 15, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. MEPs in the Trade Committee voted on Monday to support a loan of up to €35 billion to Ukraine as the EU’s contribution to the G7’s support initiative. The Trade Committee voted by 31 in favour, 4 against and no abstentions on the Commission […]Parliament says Georgia’s democracy is at risk
October 10, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. In a resolution adopted on Wednesday, MEPs say current democratic backsliding in Georgia effectively puts the country’s integration with the EU on hold. Despite Georgia being granted EU candidate status in December 2023, Parliament’s resolution highlights how the ruling Georgian Dream party has pushed […]Guterres condemns ‘escalation after escalation’ in the Middle East
October 2, 2024 by Leave a Comment
This article is published in association with United Nations. With war ramping up across the Middle East on Tuesday, UN Secretary-General António Guterres appealed for the violence to end now. “I condemn the broadening of the Middle East conflict, with escalation after escalation,” he said in a tersely worded statement. “This must stop. We absolutely need a […]Nepal: Hundreds killed as ‘unprecedented’ flash floods strike capital Kathmandu
October 2, 2024 by Leave a Comment
This article is published in association with United Nations. More than 215 people, including 35 children, have been killed and dozens are missing after heavy rains triggered flash floods and landslides across Nepal, UN humanitarians said on Tuesday. Many of the deaths have occurred in the capital, Kathmandu, which witnessed the most intense rains in over […]Saudi Arabia promotes ‘appeasement and development’ in the Middle East and beyon
September 30, 2024 by Leave a Comment
This article is published in association with United Nations. The Foreign Minister of Saudi Arabia highlighted the country’s work to support peace efforts in the region and beyond in his address to the UN General Assembly on Saturday. Prince Faisal bin Farhan Al-Saud said the world is seeing an increase in crises, and unfortunately the international […]Remarks by Executive Vice-President Vestager following the Court of Justice rulings on the Apple tax State aid and Google Shopping antitrust cases
September 11, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. “Check against delivery” Today is a big win for European citizens and for tax justice. The Court of Justice confirms the decision from 2016 by the European Commission: Ireland granted Apple unlawful aid which Ireland now has to recover. And this judgement is final. […]Statement by President von der Leyen at the joint press conference with Mario Draghi on the report on the future of EU competitiveness
September 9, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Good morning everyone, I am glad to be back in the press room. A very warm welcome to you, Mario Draghi. Thank you very much for being here today to present your much expected report – the report on the competitiveness of the European […]Commission endorses preliminary assessment of Greece’s fourth payment request for €998.6 million in grants under the Recovery and Resilience Facility
September 5, 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 Greece’s fourth payment request for €998.6 million (net of pre-financing) in grants, following the disbursement of Greece’s fourth payment request of loans on 23 July 2024, under the Recovery and Resilience Facility, the centrepiece […]Venezuela: UN rights office describes pervasive ‘climate of fear’
September 4, 2024 by Leave a Comment
This article is published in association with United Nations. The UN human rights office, OHCHR, reiterated deep concerns on Tuesday over the continuing “climate of fear” in Venezuela, after an arrest warrant was issued for the opposition’s presidential candidate in the country’s recent election. “It is a climate of fear in the country at the moment. […]Gaza: UN humanitarians ahead of polio vaccination target
September 4, 2024 by Leave a Comment
This article is published in association with United Nations. The UN World Health Organization (WHO) said on Tuesday that 161,030 children under 10 have been vaccinated in central Gaza during the first two days of the UN-led mass vaccination campaign, surpassing the initial target of 156,000. The figure amounts to around a quarter of the total population […]Attack on a city in Sudan kills at least five and injures more: UNICEF
August 16, 2024 by Leave a Comment
This article is published in association with United Nations. Bombing which devastated a school and market in the Sudanese city of El Obeid on Wednesday has left five girls dead and 20 children injured according to the UN Children’s Fund’s Sudan Representative. The bomb hit the Al-Khansa Secondary School for Girls and a crowded marketplace in […]Spain: EIB and Haizea sign €35 million green loan boosting European wind energy sector component manufacturing
August 5, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Haizea Wind Group, a Spanish company specialising in the manufacture of components for the wind energy sector, have signed a €35 million green loan. The loan will enable Haizea to implement advanced manufacturing technologies, automate and digitalise processes and move forward […]‘Largest’ displacements so far in Gaza’s war of attrition: UN aid agencies
July 19, 2024 by Leave a Comment
This article is published in association with United Nations. UN humanitarians issued a fresh alert on Thursday about having to cut rations in Gaza where fresh evacuation orders by the Israeli military have prompted “the largest displacements since October” across the enclave. In addition to deep concerns about all those forcibly uprooted from their shelters and […]EIB provides €22 million to expand University of Camerino campus
July 18, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and the University of Camerino have signed a €22 million finance contract with the main goals of supporting the expansion, renovation and modernisation of the university’s campus, bringing it into line with the highest teaching, research and environmental sustainability standards. In concrete […]Haiti: Displaced women face ‘unprecedented’ level of insecurity and sexual violence
July 18, 2024 by Leave a Comment
This article is published in association with United Nations. Instability in Haiti is fuelling a spike in sexual violence against women and girls as armed gangs continue their assault on the population, the UN agency championing gender equality said on Wednesday. A new report by UN Women reveals the dire living conditions and lack of security […]Bosnian manufacturer expands into new markets with EBRD and EU support
July 18, 2024 by Leave a Comment
This article is brought to you in association with EBRD. In Bosnia and Herzegovina‘s industrial landscape, one company stands out: GAT. Specialising in manufacturing parts for the aviation, motorcycle, automotive, lighting, measuring technology and medical industries, GAT has carved out a niche for itself. With expertise in computer numerical control (CNC) milling, CNC turning and surface protection, […]Gaza: There is no alternative to UNRWA, Guterres declares
July 15, 2024 by Leave a Comment
This article is published in association with United Nations. UN Secretary-General António Guterres, standing alongside top officials in New York on Friday, underscored the essential need to bolster the UN agency assisting Palestine refugees (UNRWA) across the Middle East amid continued attacks on its mandate, staff, premises and operations. Speaking at a pledging conference for the […]Emerging Markets Show Resilience Despite Global Monetary Tightening
July 15, 2024 by Leave a Comment
This article is published in association with IMF. Unlike past episodes, emerging market capital flows have remained largely resilient in the face of global monetary tightening, even as global capital flows have fallen Cian Allen, Rudolfs Bems July 12, 2024 Interest rates in the United States are at 20-year highs and the dollar has appreciated sharply against […]European Commission issues €9 billion in its 7th syndicated transaction of 2024
July 10, 2024 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 7th syndicated transaction for 2024. The dual-tranche transaction concerned a new €5 billion bond due on 5 October 2029, and a €4 billion tap of the EU-Bond maturing on 5 October 2054. […]Greek capital Athens to get more climate-resilient water network under EIB advisory agreement with EYDAP
July 9, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) will provide advisory services to Athens Water Supply and Sewerage Company (EYDAP) in Greece to support the company’s €2 billion, 10-year investment programme to ensure the Greek capital has a more resilient water supply. Under the agreement signed today in Athens, […]Commission imposes provisional countervailing duties on imports of battery electric vehicles from China while discussions with China continue
July 4, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, nine months after the initiation of an ex officio anti-subsidy investigation, the European Commission has imposed provisional countervailing duties on imports of battery electric vehicles (BEVs) from China. Based on the investigation, the Commission has concluded that the BEV value chain in China […]Commission secures access for Member States to 665,000 doses of zoonotic influenza vaccines to prevent avian flu
June 12, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission’s Health Emergency Preparedness and Response Authority (HERA) as part of its mandate on preparedness, has signed on behalf of participating Member States, a joint procurement framework contract for the supply of up to665,000 pre-pandemic vaccine doses of the up-to-date Zoonotic Influenza […]Lithuanian, French, and German projects receive the 2024 Charlemagne Youth Prize
May 8, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. Lithuanian campaign to fight violence against women, French platform to empower young people, and German visual journalism on Europe are winners of the 2024 prize. On Tuesday, the European Parliament and the International Charlemagne Prize Foundation awarded the 2024 European Charlemagne Youth Prize in […]How Bengaluru’s tree-lovers are leading an environmental restoration movement
April 19, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Apurv Chhavi, Regional Engagement Lead, Restor In the heart of Bengaluru, once known as the City of Gardens, a silent war has been waged against nature. As skyscrapers rose and urbanization took over the city in southern India, […]Why stemming the rise of antibiotic resistance will be an historic achievement
April 17, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Carel du Marchie Sarvaas, Executive Director, HealthforAnimals Drug-resistant diseases pose a serious and growing threat to humans and animals. Antimicrobial resistance, which renders antibiotics ineffective against bacterial disease, is widely acknowledged as one of the most urgent health risks […]Multi-agency Donor Coordination Platform for Ukraine meets in Kyiv, confirms unwavering support to Ukraine’s recovery and reconstruction
April 10, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Steering Committee Members and Participants of the Multi-agency Donor Coordination Platform for Ukraine met for the first time in Kyiv, showcasing unwavering support for Ukraine and to continue efforts to help Ukraine meet its immediate and long-term financing needs. This ninth meeting, brought together […]How boosting women’s financial literacy could help you live a long, fulfilling life
April 10, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Morgan Camp, Coordinator, Financial and Monetary Systems, World Economic Forum In 2100, I will be 100 – and likely still alive. If I retire at 62, the average retirement age for women in the United States, where I live, I will have […]
