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[l] at 1/20/22 11:00am
The OECD today launched a new digital hub to improve transparency around the taxation of development aid by presenting approaches taken by participating donor countries to claiming tax exemptions on goods and services funded by official development assistance (ODA). The Tax Treatment of Aid: Digital Transparency Hub compares policies for how ODA is taxed from ... The post New OECD hub to boost transparency on the tax treatment of foreign aid first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/18/22 11:00am
The monthly unemployment rate in the OECD area fell to 5.5% in November 2021, from 5.7% in October, extending the trend of reducing unemployment rates into a seventh consecutive month. However, it remained 0.2 percentage point above the pre-pandemic rate recorded in February 2020. The number of unemployed workers across the OECD area also continued ... The post Unemployment rate in the OECD area falls further to 5.5% in November 2021 first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/11/22 11:00am
Inflation in the OECD area surged to 5.8% in the 12 months to November 2021, compared with 5.2% in October, and just 1.2% in November 2020, reaching the highest rate since May 1996. The rise was particularly marked in the United States, where year-on-year inflation climbed from 6.2% in October to 6.8% in November, the ... The post Inflation in the OECD area continues to surge to 5.8% in November 2021, the highest rate in 25 years first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/10/22 3:00pm
Argentinas insistence on its deficit spending plan is putting it on a fresh collision course with the International Monetary Fund, though analysts predict the country will be forced to change tack and clinch a deal to avoid a bigger crisis. The Argentine government and the IMF have been locked in talks for more than a ... The post Argentina’s strategy toward IMF deal hits a wall of doubt first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 12/27/21 3:00pm
South Koreas economy is projected to continue to rank the 10th largest for three straight years in 2022 in terms of nominal gross domestic product (GDP), data from the International Monetary Fund have showed. South Koreas nominal GDP is expected to amount to $1.82 trillion and $1.91 trillion for this year and next year, respectively, ... The post S. Korea’s economy expected to rank 10th largest for 3 straight yrs: IMF first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 12/23/21 3:00pm
As the world economy recovers from the pandemic, inflation is mounting in advanced and emerging economies. Pent-up demand fueled by stimulus and pandemic disruptions is helping accelerate inflation, spread around the world through global factors like higher food and energy prices, and soaring shipping costs. The chart of the week shows how Asia’s inflation has ... The post Higher Shipping Costs May Lift Asia’s Low Inflation first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/23/21 7:00am
The European Commission proposed a law on Wednesday that would implement in Europe a global deal struck among the 20 biggest world economies (G20) on a minimum tax rate for companies. The Commission proposal includes a common set of rules on how to calculate the globally agreed 15% effective tax rate, so that it is ... The post EU proposes law to implement OECD deal on minimum global corporate tax first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, World Economy News, Πρώτη σελιδα]

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[l] at 12/22/21 7:00am
The OECD today published detailed rules to assist in the implementation of a landmark reform to the international tax system, which will ensure Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The Pillar Two model rules provide governments a precise template for taking forward the two-pillar solution to address ... The post OECD releases Pillar Two model rules for domestic implementation of 15% global minimum tax first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/19/21 3:00pm
The International Monetary Funds Executive Board on Friday said it has formed a steering group to lead a review to improve institutional safeguards on data and governance after clearing IMF Managing Director Kristalina Georgieva of wrongdoing in a World Bank data-rigging scandal. The IMF board said in a statement that it aims to present the ... The post IMF board forms group to review data integrity after World Bank scandal first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 12/16/21 3:00am
Global debt surged to US$226 trillion last year, its biggest one-year jump since World War Two, and will be put at risk if global interest rates rise faster than expected and growth falters, the International Monetary Fund said. In a blog posting , IMF officials said the COVID-19 pandemic caused debt to hit 256per cent ... The post IMF warns of interest rate risks as global debt hits US$226 trillion first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/15/21 3:00pm
Chinas central bank injected funds into the financial system through medium-term loans on Wednesday, while keeping the interest rate unchanged for the 20th month in a row. The Peoples Bank of China (PBOC) said it was keeping the rate on 500 billion yuan ($78.5 billion) worth of one-year medium-term lending facility (MLF) loans CNMLF1YRRP=PBOC steady ... The post China cbank injects 500 bln yuan via medium-term loans, rate unchanged -statement first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 12/14/21 3:00pm
The International Monetary Fund warned the Bank of England on Tuesday to avoid an inaction bias in its approach to combating price pressures as it said inflation in Britain was likely to hit a 30-year high of 5.5% next year. In an annual review of Britains economy, the IMF said the country had recovered more ... The post IMF warns Bank of England against inaction on inflation first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 12/14/21 3:00pm
Gross domestic product (GDP) of the G20 area grew by 1.7% between the second and the third quarter of 2021, up from a moderate quarter-on-quarter growth rate of 0.4% in the second quarter, according to provisional estimates. This is in contrast with the slowing trend recorded in the OECD area over the same period (from ... The post G20 GDP growth accelerates in the third quarter of 2021 first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/10/21 3:00am
Israel on Thursday led a 10-country simulation of a major cyber attack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks. The simulated cyber attack evolved over 10 days, with sensitive data emerging on the Dark Web along with fake ... The post IMF, 10 countries simulate cyber attack on global financial system first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/10/21 3:00am
The unemployment rate in the OECD area fell for the sixth consecutive month in October 2021, to 5.7% (from 5.8% in September), but at a slower pace than in previous months. It remained 0.5 percentage point above the pre-pandemic rate recorded in February 2020. The number of unemployed workers across the OECD area also continued ... The post Unemployment rate falls slightly in the OECD area, reaching 5.7% in October 2021 first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/9/21 3:00pm
Central banks do not have the space to keep monetary policy loose and interest rates low, the International Monetary Funds chief economist said on Thursday, also warning that the pandemic could turn out far more costly than estimated. Gita Gopinath, IMF chief economist, said that it had estimated that a more transmissible SARS-CoV-2 variant such ... The post IMF chief economist sees inflationary pressures, risks from Omicron first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/8/21 7:00am
The International Monetary Fund could be about to cut growth forecasts for the euro area as concerns over the omicron Covid variant and persistently higher inflation grow. The Fund said in October that it expected the euro zone economy to grow by 4.3% in 2022. Now, the institution has warned about the “possibility of modest ... The post ‘Modest downgrade’: IMF likely to cut euro zone growth forecasts amid inflation, omicron fears first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/7/21 3:00am
The impact of the COVID-19 pandemic on tax revenues was less pronounced than during previous crises, in part due to government support measures introduced to support households and businesses, according to new OECD research published today. The 2021 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio has risen ... The post Government support cushions tax revenues in OECD countries from the worst impacts of the COVID-19 crisis first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/6/21 3:00pm
Labor activist Alejandro Bodart marched down the Buenos Aires streets two decades ago to protest against the International Monetary Fund, which many then blamed for austerity measures that sharpened Argentinas worst ever economic crisis. Now Bodart is on the war path again, worried that a new deal to roll over $45 billion Argentina cannot pay, ... The post Hopes for Argentina IMF deal grow; but at what cost? first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 12/5/21 3:00pm
The resurgence of the pandemic and the latest variant, Omicron, have sharply increased uncertainty around global economic prospects. This comes as several countries grapple with inflation well above their monetary policy targets. It is however evident that the strength of the economic recovery and magnitude of underlying inflationary pressures vary significantly across countries. Accordingly, policy ... The post IMF: Addressing Inflation Pressures Amid an Enduring Pandemic first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 12/5/21 3:00pm
The International Monetary Fund is looking at all of its research processes in order to ensure the Funds data integrity in the wake of a data-rigging scandal at the World Bank, Managing Director Kristalina Georgieva said on Friday. Among the issues being examined is whether the IMFs growth projections for countries with IMF loan programs ... The post Georgieva says examining all IMF research processes to ensure integrity first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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