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OECD Announcement on Global Transparency

GFI Applauds Historic OECD Announcement on Global Transparency of Financial Information

New Standard Ensures All Nations Can Potentially Benefit from Robust, Automatic Exchange of Financial Information

G20 Finance Ministers to Review Document for Approval Next Week Ahead of Australian G20 Summit in the Fall

Research and Advocacy Organization Expects New Transparency Regime to Be ‘Game-Changing’ Deterrent to Cross-Border Tax Evasion, Money Laundering

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Global Fight for Land Rights at Tipping Point

Global trends towards a strengthening of legal rights over land for local and indigenous communities appear to have slowed significantly in recent years, leading some analysts to warn that the fight for local control over forests has reached an inflection point with a new danger of backtracking on previous progress.

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Fighting Income Disparity with some basic FTC Recommendations

The Financial Transparency Coalition issues play an important role in the context of global income inequality. By discouraging tax evasion and corruption among the world’s wealthy individuals and corporations, the FTC recommendations could play an important role in alleviating egregious and dangerous income disparity.

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The State is dead! Long live the State!

A very interesting article on 'the state of the State': Is the State dead as an economic player? Is corporate power in the ascendancy? It should be clear that the State is now at the centre of heated political and academic debate.

 
Migration as a Strategy for Household Finance

Interesting article on migration, with a fresh look on remittances as a return on investment

 

 
A happier ending for IMF Reform?

Despite an elegant solution that involved no new commitments of resources, the US Congress has refused to take up a long-delayed funding proposal for the International Monetary Fund. In the process, it derailed a multilateral agreement that was hammered out back in 2010 – ironically, in the eyes of the rest of the world, with US President Barack Obama’s administration taking a leading role. And it did so at a time when financial disruption in emerging economies is reminding the world of the importance of a strong stabilizing anchor at the core of the international monetary system.

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European Commissioner Semeta on FTT

Speech of Algirdas Semeta, member of the European Commission, on the Financial Transaction tax - European Parliament 4 February 2014.

The Greek Deputy PM of Greece, Mr. Venizelos, also addressed the EP Plenary on this issue: read the speech

 
Stop talking about the poor ...

Let’s begin with some simple semantics: poor [bad] performance; poor [bad] quality; poor [shoddy] work; poor [weak] effort; etc. So, what do we mean when we talk about “poor people” or “the poor”? I’m struck by how – in discussions on social policy in many high-income countries – progressive writers often avoid using the term “the poor,” preferring to talk about “families living on low incomes” or “families living in poverty.” Yet, in international development, many of us – and, yes, there is significant mea culpa here – have fallen into the trap of referring to such families and individuals as “the poor.”

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Perspectives in Gender and Development

In September 2013 the International Monetary Fund (IMF) released a Discussion Note called Women, Work, and the Economy: Macroeconomic Gains From Gender Equity. The report examines “whether women have the same opportunities as men to participate in labour markets in the first place, [or] in other words, are women empowered to contribute fully to global economic growth and prosperity?”

In this two part series we share responses to the report from leading feminist economists. In part one Dr. Mariama Williams gives a critical analysis of the Discussion Note, highlighting the positives and shortfalls of the various sections of the Note. In part two Prof. Stephanie Seguino with Assistant Prof. Elissa Braunstein and Dr. Anit N. Mukherjee take a look at some of the shortfalls in the report related to gender wage gap, how macroeconomic policies perpetuate gender inequality, female labour force participation rate (FLFPR) and unpaid care work.

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The Ethics of the World Bank

The World Bank’s Office of the Compliance Adviser/Ombudsman (CAO) determined on January 10 that the Bank’s private-sector lending arm, the International Finance Corporation (IFC), violated “its own ethical standards” when it “lent millions of dollars to a Honduran palm oil company [Dinant Corporation] accused of links to assassinations and forced evictions,” Nina Lakhani reported in the Guardian.  Were this true—had the Bank really acted against its principles, displayed over decades of consistent action—then the appropriate response would be global celebration.  But the IFC-Dinant incident is just the latest chapter in a miserable story.

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European FTT
The official communiqué of the meeting of the French German Financial and Economic Council on 27th of January between Moscovici, Christian Noyer (Head of French central bank), Wolfgang Schäuble and Sigmar Gabriel (German vice chancellor from the SPD) has been published on the website of the finance ministry in Berlin:

http://www.bundesfinanzministerium.de/Content/DE/Pressemitteilungen/Finanzpolitik/2014/01/2014-01-27-PM-DFFWR-DEU.html

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