News from Around the Web

Washington Post, May 2 2013:

President Barack Obama on Thursday chose two old friends with corporate executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker as Commerce secretary and...

BBC News, May 1 2013:

Parliament in Cyprus has approved the country's international bailout after warnings that the alternative would be financial collapse.

Federal Reserve System, May 1 2013:

Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown some improvement...

Reuters, Apr 29 2013:

Asia needs to guard against asset bubbles and its emerging economies must improve government institutions and liberalize rigid labor and product markets if they wish to reach the level of...

Asian Development Bank, Apr 26 2013:

Takehiko Nakao has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors.

Bloomberg News, Apr 25 2013:

The International Monetary Fund said today that monetary policy should remain accommodative to boost growth in advanced economies, while complaints about competitive currency devaluation appear “...

Bloomberg News, Apr 24 2013:

Treasury Secretary Jacob J. Lew urged Congress to fulfill a U.S. pledge to reinforce the war chest of the International Monetary Fund, saying the lender has helped mitigate financial crises from...

World Bank, Apr 23 2013:

Washington, April 23, 2013 – Djibouti and the World Bank signed today a US$7.0 million credit agreement for Improving the Health Sector Performance project, designed to improve the coverage and...

Financial Times, Apr 23 2013:

The achievements of the recent Brics summit deserve another look.

Global investors should welcome the proposed $100bn Contingent Reserve Arrangement and the planned Development Bank backed...

allAfrica, Apr 16 2013:

The World Bank has said economic growth in Sub-Saharan Africa is likely to reach more than 5% on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on...

Bloomberg News, Apr 16 2013:

The International Monetary Fund trimmed its global growth forecast and urged European policy makers to use “aggressive” monetary policy as a second year of contraction leaves the euro area’s...

Reuters, Apr 12 2013:

Euro zone finance ministers backed a 10 billion euro bailout for Cyprus on Friday and the European Commission said it would try to help the island's economy grow again with better use of EU...

Washington Post, Apr 10 2013:

WASHINGTON — The head of the International Monetary Fund says the greatest threat to a lasting economic recovery in Europe is “the fatigue of both governments and populations” over painful steps...

BBC News, Apr 9 2013:

Asia's emerging economies will pick up in 2013 but the recovery will remain fragile, according to the Asian Development Bank (ADB).

CNN, Apr 5 2013:

In two weeks, economic policymakers from around the world will gather in Washington, D.C., for the World Bank-IMF Spring Meetings. As has been the case for the past five years, there will be much...

BBC News, Apr 3 2013:

Cyprus has agreed to a set of measures that will release a 10bn-euro (£8.5bn; $12.8bn) international bailout.

BBC News, Apr 3 2013:

Cyprus has agreed to a set of measures that will release a 10bn-euro (£8.5bn; $12.8bn) international bailout.

Washington Post, Mar 27 2013:

Government subsidies of gasoline, electricity and other energy sources amount to about $1.9 trillion a year and should be ended or offset with taxes used to battle climate change and pay for...

The World Bank, Mar 27 2013:

World Bank Group President Jim Yong Kim today announced the appointment of Keiko Honda as Executive Vice President, Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. Honda,...

Reuters, Mar 26 2013:

Increasing provisions for bad loans and developing a market to dispose of impaired assets would shore up the defences of Italian banks, the International Monetary Fund said on Tuesday.