International economics

Looking for an area to really impact the G-20? Look no further than the IMF. The Multilateral Assessment Process (MAP) framework among the G-20 countries is definitely an improvement over the old Article 4 consultation process. It allows us to follow both foreign direct investments (FDI) and outward direct investments (ODI) more easily for every country.

The Egypt International Economy Conference organized in the Egyptian resort Sharm el-Sheikh in mid-March resulted in a contract worth $36.2 billion.

The Government of Romania should reconsider the timing and the size of planned tax cuts, Andrea Schaechter, IMF mission chief for Romania, told a conference call on the release of the 2015 Article IV Consultations with Romania.

Photo credit: (c) Cristian NISTOR / AGERPRES ARCHIVE

Turkey received foreign direct investment worth $1.8 billion in January, Turkey?s Economy Ministry said in a statement late March 23.

Bulgaria was identified as the third most attractive outsourcing location in the world, according to research conducted by global real estate adviser Cushman & Wakefield.

Bulgaria moved eleven positions from its ranking in 2014, when it occupied 14th place, and is currently preceded only by Vietnam and the Philippines.

WASHINGTON - As part of the arrangement with the International Monetary Fund (IMF), the Serbian government has pledged to adopt in June a new law on inspection oversight aimed at reducing grey economy and corruption.

Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, adding that she felt strongly for taxpayers of the debt-strapped eurozone member state.

Lagarde made the comment at a question-and-answer session with students in New Delhi after earlier giving a speech.

[Reuters]

BELGRADE - The dinar on Monday grew by another 0.3 percent compared to the euro, so the middle exchange rate reached EUR 1 = RSD 120.1681, which is its highest since the start of the year.

U.S. Secretary of State John Kerry on March 13 urged business executives to invest in Egypt, praising the government of President Abdel Fattah el-Sisi for ?bold? economic reforms aimed at restoring investor confidence.

The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution.