News from Around the World

New OECD DAC chair vows to promote gender equality

LONDON — The new chair of the OECD’s Development Assistance Committee, Susanna Moorehead, has vowed to make gender equality a major focus under her watch and revealed plans for a new recommendation around ending sexual exploitation, abuse, and harassment in the aid sector.

Next IMF chief must be ‘ready to go to war’ – trade and currency, strategist says

The next head of the International Monetary Fund (IMF) will have to deal with trade wars, currency manipulation and new digital currencies, a strategist told CNBC Monday.

No-deal Brexit would hit UK economy, says IMF

The International Monetary Fund has warned that a "no-deal" Brexit on World Trade Organization terms would entail "substantial costs" for the UK economy.

The IMF said that all likely Brexit scenarios would "entail costs", but a disorderly departure could lead to "a significantly worse outcome".

OECD Calls for Overhaul of the Development Finance System

The development finance system needs overhauling, according to the Organisation for Economic Co-operation and Development, which gathers key economic data and aid spending figures from the world’s major economies.

OECD, G20 members like India & China should not get special rights: US to WTO

NEW DELHI: The US has proposed withdrawal of special rights and exemptions for emerging economies such as India and China, which are members of the Organisation for Economic Cooperation and Development (OECD), Group of 20 (G20), classified as “high income” by the World Bank or account for more than 0.5% of global merchandise trade.

Oil Jumps as U.S. Plans to End Iran Waivers After May 2 Expiry

Oil rose to the highest level in almost six months as the U.S. government was said to eliminate sanction waivers that allowed buyers to import Iranian crude.

Only six countries have equal rights for men and women, World Bank finds

London (CNN)- The world is moving towards legal gender equality -- but it's moving very, very slowly.

OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June

OPEC and other major oil producers on Monday canceled a meeting planned for April, a move that leaves the alliance’s price-boosting production cuts in place until at least June.

OPIC Launches Billion Dollar Co-investment Platform

The Overseas Private Investment Corporation and Liberty Mutual Insurance announced a billion dollar co-investment platform that will invest in small- and medium-sized enterprises, a first for OPIC as it looks to try new tools and attract more institutional investors to the development finance arena.

Opinion: How public-private partnerships can tackle global health challenges

To advance global health around the world, aggressive targets have been set by the United Nations to mobilize action as set forth in the Sustainable Development Goals. The business community plays a critical role in these efforts by providing products and services to help meet health care needs.