Development risks remain as economic activity, incomes likely to stay low for extended period
It is a pleasure for me to open the second conference on “Financial Stability and Regulation” organised by Banca d’Italia and the Baffi Centre for Applied Research on International Markets, Banking, Finance and Regulation. This event could not take place in March in Rome as we had all wished. But it is taking place today
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More support for those who apply climate- and environmentally-friendly practices Annual direct payments capped at €100 000, more support for SMEs Tailor-made measures to help farmers deal with crises Higher sanctions when someone repeatedly infringes rules, e.g. on environment or animal welfare The EU’s future farm policy should be more flexible, sustainable, and crisis-resilient, so
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After the unprecedented hit to economic activity in emerging market economies from the COVID-19 pandemic, their economic output is projected to shrink by 3.3 percent in 2020. Central banks across emerging markets responded swiftly and forcefully with an unprecedented response of their own. They did this by using a variety of policy tools and, to a
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It's hard to believe that just five years ago, Americans watched in horror as ISIS gained power and territory in the Middle East and radical Islamist terrorists killed 14 Americans on U.S. soil in San Bernardino, California.
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While metal and agricultural commodities have recouped their losses from the COVID-19 pandemic and are expected to make modest gains in 2021, energy prices, despite some recovery, are expected to stabilize below pre-pandemic levels next year, the World Bank said.
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COVID-19 has hit Latin America and the Caribbean harder than other parts of the world, both in human and economic terms. The relatively large human toll is evident: with only 8.2 percent of the world population, the region had 28 percent of cases and 34 percent of deaths, by end-September. Our new Regional Economic Outlook: Western Hemisphere projects
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The Federal Reserve Board on Thursday announced it has fined the Goldman Sachs Group, Inc. $154 million for the firm’s failure to maintain appropriate oversight, internal controls, and risk management with respect to Goldman’s involvement in a far-reaching scheme to defraud a Malaysian state-owned investment and development company, 1Malaysia Development Berhad (1MDB). In 2012 and
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Rapid economic growth in Kazakhstan has brought a sharp upswing in electricity demand and usage. Per-capita gross domestic product (GDP) increased from below US $ 6,000 in the mid-1990s to over US$ 27,000 in 2019 and the country looked on course to meet its mounting resource demands by harnessing the coal resources in the North East. In recent years,
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Strengthening the dynamics of micro, small, and medium-sized enterprises (MSMEs) with innovation and internationalization will be key to revitalizing Southeast Asian economies devastated by the coronavirus disease (COVID-19) pandemic, according to a new report from the Asian Development Bank (ADB). MSMEs are a critical driving force in Southeast Asian economies, accounting for an average of
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Introductory statement by Mr Gabriel Makhlouf, Governor of the Central Bank of Ireland, before the Joint Oireachtas (National Parliament) Committee on Finance, Public Expenditure and Reform, and Taoiseach (Head of Parliament),
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