Chapter News

Eurojust helps unravel massive trans-European pay-TV fraud

Wednesday, September 18th, 2019

A multi-country action day coordinated by Eurojust in The Hague led to the dismantling of an international criminal network committing massive fraud with pay-TV, which shows organised crime expanding its illegal activities to large-scale violations of audiovisual copyright. The actions taken in this unique case in the European Union are the result of complex investigations […]

European Parliament gives green light to Christine Lagarde

Tuesday, September 17th, 2019

Christine Lagarde obtained Parliament’s approval to be the ECB’s next President, in a plenary vote on Tuesday.

Committed to Accelerated Climate Action

Tuesday, September 17th, 2019

Climate change is a defining challenge of our generation and the European Union (EU)  has been at the forefront of negotiating a multilateral framework to respond to this global challenge. In 2015, the EU diplomacy played a leading role in brokering the historic and global Paris Climate Agreement. 195 countries agreed on a simple goal: to […]

IMF: Sluggish Global Growth Calls for Supportive Policies

Tuesday, September 17th, 2019

By Gita Gopinath IMF In our July update of the World Economic Outlook we are revising downward our projection for global growth to 3.2 percent in 2019 and 3.5 percent in 2020. While this is a modest revision of 0.1 percentage points for both years relative to our projections in April, it comes on top […]

Remarks by Mário Centeno following the Eurogroup meeting

Tuesday, September 17th, 2019

Good afternoon, let me start by thanking our Finnish friends for hosting us here in Helsinki. Today we welcomed two newcomers in our group. Christos Staikouras from Greece and Roberto Gualtieri from Italy. We heard their policy priorities for the near future and their commitment with policies that contribute to preserving the stability of the […]

World Bank Group Debars Ingeniería Especializada Obra Civil e Industrial S.A.U.

Friday, September 13th, 2019

The World Bank today announced the 28-month debarment of Spanish engineering company Ingeniería Especializada Obra Civil e Industrial S.A.U. in connection with corrupt, collusive and fraudulent practices in the World Bank-financed National Roads and Airport Infrastructure Project in Bolivia. At the time of the misconduct, the firm’s name was Acciona Ingeniería S.A., and it operated […]

A Capital Market Union for Europe: Why It’s Needed and How to Get There

Thursday, September 12th, 2019

When savers and firms invest and borrow beyond their national borders, they enjoy opportunities to diversify their portfolios and lower their funding costs, respectively. In Europe, this idea—of an integrated financial system that offers a richness of financing choice—remains an elusive goal: capital markets are far from integrated. <!–more–> Our recent research finds that European […]

Higher education needs to step up efforts to prepare students for the future

Thursday, September 12th, 2019

Demand for tertiary education continues to rise, but its further expansion will only be sustainable if it matches the supply of graduates with labour market and social needs and gives them the skills required to navigate the future, according to a new OECD report. Education at a Glance 2019, which is part of the Organisation’s […]

A Role for Financial and Monetary Policies in Climate Change Mitigation

Thursday, September 5th, 2019

  By William Oman July 2019 was the hottest month ever recorded on earth, with countries across the world experiencing record-breaking temperatures. A prolonged drought is affecting millions of people in East Africa, and in August 2019 Greenland lost 12.5 billion tons of ice in one day. A review of the literature by IMF staff […]

Illuminating Dark Corners of the Global Economy

Tuesday, September 3rd, 2019

By Gita Bhatt, Editor-In-Chief of Finance & Development Magazine and the Acting Chief of Policy Communications at the IMF This issue of Finance & Development reminds me of a Sufi parable. A woman sees a mystic searching for something outside his door. “What have you lost?” she asks. “My key,” he responds. So they both […]