United Nations Development Group

Frustrated by the Greek Government’s stance during the talks with the country’s creditors, the International Monetary Fund has decided to temporarily withdraw its staff from the Greek capital, according to a report published by Spiegel magazine.

Greece is drawing up plans to nationalise banks and introduce a parallel currency to pay salaries and pensions unless the eurozone softens its demands for austerity measures, according to Britain's The Telegraph .

Cash-strapped Greece has garnered a little over 147 million euros ($158 million) via a debt forgiveness scheme designed to bolster the states near-empty coffers, officials said on Wednesday.

The finance ministry said over 150,000 private individuals and companies had hastened to settle or partially repay debts to the state dating to the 1970s.

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

Turkish Labor and Social Security Minister Faruk Çelik has called on G-20 states to turn their words into actions and work to reduce poverty globally.

The role of the International Labour Organization (ILO) could be foremost if it became the core of political support and technical assistance that can be granted to member states, Minister Delegate for Social Dialogue Liviu Pop said on Monday, in the 323rd Session of the ILO Governing Body, taking place in Geneva.

Photo credit: (c) Alex TUDOR / AGERPRES ARCHIVE

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.

In IMF memorandum, govt. pledges to hike electricity price

BELGRADE -- Under its latest arrangement with the IMF, the Serbian government has pledged to "support EPS in preparing a financial restructuring plan."

In combination with an excise tax, this would result in a 15 percent total increase in the price of electricity for end consumers as of April 1, 2015.

WASHINGTON - Under its latest arrangement with the International Monetary Fund (IMF), the Serbian government has pledged to implement a series of reform measures - ranging from solving the problems of macroeconomic imbalance to restructuring state-owned enterprises.

The United Nations Development Programme (UNDP) regional head of Europe and the Commonwealth of Independent States (CIS) has lauded Turkey for its commitment to sustainable development in the region, adding Turkey is one of the important partners in the region, particularly in the area of sustainable and inclusive growth.