international economic institution News

G20 Leaders Pledge to Distribute Aid to Afghanistan to Avert Humanitarian Crisis

October 13, 2021 by Fourth Estate Wire

Leaders of the Group of 20 (G20) major economic powers pledged to distribute aid to Taliban-led Afghanistan to avert a humanitarian crisis. During a virtual summit on Oct. 12, the G20 leaders reaffirmed their “collective commitment” to provide humanitarian assistance …

UN Calls for Action to End Food Waste Culture

October 4, 2021 by Fourth Estate Wire

The United Nations Environment Program (UNEP) calls to stop food waste culture for more decisive action to end the culture of throwing out food uneaten. According to UNEP Food Waste Index Report 2021, about one billion tons of food each …

China Applies for Trans-Pacific Trade Pact

September 17, 2021 by Fourth Estate Wire

China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Thursday. The Chinese ministry said that Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in a letter to …

130 Countries Agree to Global Minimum Corporate Tax Rate

July 2, 2021 by Fourth Estate Wire

The Organization for Economic Cooperation and Development (OECD) announced on July 1 that 130 countries have agreed to plans for a global minimum corporate tax rate. In a statement, OECD said that the 130 countries, which represent over 90% of …

Kenyans Protest International Monetary Fund (IMF) Loans

April 6, 2021 by Fourth Estate Wire

Kenyan citizens staged onli tag, Kenyans on Twitter called for the IMF to cancel its Ksh255 billion loan, accusing the international organization of aiding corruption in the country. They also set up a Using the #StopLoaningKenya tag, Kenyans on …

UN Raises 2021 Economic Growth Forecast to 4.7% on COVID Recovery Hope

March 18, 2021 by Fourth Estate Wire

The United Nations increased its projections for global economic growth in 2021 on the heels of COVID-19 vaccination programs and fiscal policies designed to restore the world’s workforce. The UN Conference on Trade and Development increased the projections by 0.6% …

Australia will Appeal to the WTO on Chinese Barley Tariff

December 16, 2020 by Fourth Estate Wire

Australia will launch a formal appeal to the World Trade Organization (WTO) against China’s 80.5 percent tariff on Australian barley imposed last May amid worsening relations.

Colombian Government Draws $5.4 Billion from Flexible Credit Line

December 8, 2020 by Fourth Estate Wire

The International Monetary Fund announced on Tuesday afternoon that the Colombian government has drawn $5.4 billion from its flexible credit line with the economic institution, which the country will use to help mitigate the impact of the COVID-19 pandemic in its economy.

World Economic Forum Relocated to Singapore Due to EU Pandemic

December 8, 2020 by Fourth Estate Wire

The annual meeting of the World Economic Forum will be relocated from Switzerland to Singapore due to COVID-19 concerns in Europe, the organizers said on Dec. 7.

Fifteen Pacific-Asian Nations to Ink World’s Biggest Free-Trade Agreement

November 12, 2020 by Fourth Estate Wire

Fifteen nations are set to sign a huge China-backed free-trade deal this week, marking the conclusion of Beijing’s decade-long pursuit to expand its presence across the Asian-Pacific region.

+ More News Bulletins