International development

USAID to allocate $2mln to civil sector in Serbia - report

The US Agency for International Development (USAID) plans to allocate two million dollars to the civil sector in Serbia, according to a document RT has seen.

The funds have been set aside to, among other things, strengthen the ties between the civil, private sector and the state, Sputnik is reporting.

IMF should stop torturing Greece: Bloomberg opinion article

In an opinion article by signed by J. Kyle Bass in Bloomberg titled “The IMF needs to stop torturing Greece”, the author, who is a chief investment officer for Haynman Capital Management with a stake in Greek banking shares, urges the IMF to ease up on its harsh demands from Greece and consider writing off part of what is owed to it by the embattled country. From Bloomberg:

EU firms want 'concrete action' from China on access

European companies suffer from "promise fatigue" over China's failure to follow through on pledges to open its market, the EU Chamber of Commerce in China said on Sept. 19.

The chamber issued an annual 400-page report detailing the regulatory barriers that continue to hinder investment in the world's second-largest economy.

Breaking news: Bloomberg says more measures could be imposed in Greece, citing Greek official

According to the Bloomberg news agency, a Greek official today left open the possibility of the country needing more fiscal measures in 2018, speaking to reporters. The same official stressed that the government is opposed to the IMF’s request to conduct a new AQR assets for banks.

IMF must show good faith in Greek debt talks, says Macron

French President Emmanuel Macron on Thursday urged the International Monetary Fund to show "good faith" in upcoming Greek debt talks.

"The IMF's role in the end of these talks must be in good faith and without adding further conditionality," Macron told journalists in a joint news conference in Athens with Greek Prime Minister Alexis Tsipras.

World Bank Group spares up to $7.5 bln financing for Turkey for next five years

The World Bank Group and Turkey have renewed their partnership with the introduction of a new Country Partnership Framework (CPF) with a substantial amount of financing line late in August.

The 2018-2021 CPF for Turkey focuses on three core areas: Growth, inclusion and sustainability, read a World Bank Group statement, which was released on Aug. 30.