Stories that are tagged 'International Monetary Fund (IMF)'

	Bahrain Urged To Explore Long-Term Tax Reform 5/1/2012 Bahrain should look to introduce a corporate income tax or value-added tax to stabilize the country's finances, the International Monetary Fund has said.
	Ireland Completes Latest Bailout Review 5/1/2012 Ireland has achieved all the targets set under its bailout agreement, the European Commission, European Central Bank and International Monetary Fund have said in their latest quarterly review, news welcomed by the Irish government.
	New Zealand Doing Well, IMF Says 4/9/2012 The International Monetary Fund has praised New Zealand's deficit reduction plan and called the government's macroeconomic stance appropriate in its latest review.
	UK, India Hold Economic And Financial Dialogue 4/6/2012 The UK and India have held their annual Economic and Financial Dialogue, discussing ways to strengthen cooperation and boost trade and investment.
	Ireland Receives Danish Bailout Loan 4/4/2012 Ireland has received EUR100m via its loan agreement with Denmark, funding welcomed by the Finance Minster who said that the bailout is helping the country rebuild its economy.
	Ireland Receives Latest Cash Injection 3/8/2012 The European Commission has given the go-ahead for Ireland's latest bailout payment, concluding that the country's austerity programme is strong and on track.
	Fiji's Tax Cuts Under IMF Microscope 2/28/2012 The International Monetary Fund warned that while Fiji's recent budget was particularly growth-friendly, the tax changes could threaten the revenue base and therefore further offsetting measures may be required to ensure deficit targets are met going forward.
	Greece Agrees EUR3.3bn Savings Plan 2/21/2012 Just ahead of a planned meeting of eurozone finance ministers in Brussels, the Greek cabinet has unanimously approved a final series of austerity measures totalling EUR325m (USD429m) to secure the EUR130bn bailout agreement from international lenders including the European Union and the International Monetary Fund, vital to avoiding bankruptcy.
	IMF Welcomes Trinidad And Tobago Fiscal Progress 2/14/2012 Welcoming measures taken to date by Trinidad and Tobago, the International Monetary Fund in its latest report has urged the importance of ensuring that the territory continues to appeal to international investors when it begins to reverse fiscal stimulus and considers measures to consolidate the territory's deficit.
	IMF Welcomes Croatia's Fiscal Plan 2/8/2012 The Croatian government's proposed fiscal plan, to reduce the nation's deficit solely by retrenchment whilst implementing tax reform to encourage job creation and reduce labour costs, has been welcomed by the International Monetary Fund in its latest Article IV consultation with the country.
	Canadian Financial System Doing Well, FSB Says 2/7/2012 The Financial Stability Board has praised the Canadian government's response to the global financial crisis and highlighted the resilience of the country’s financial system.
	Belgium Urged To Cut Labour Taxes 2/3/2012 The International Monetary Fund has welcomed spending cuts implemented by Belgium to bring the nation's deficit to below 3% of Gross Domestic Product by 2012, but has urged authorities to undertake comprehensive tax reform to boost employment and growth prospects.
	Ireland Creates Expert Panel For Property Tax Plans 2/3/2012 The Irish government is pushing forward with its plans for a property tax, appointing an expert panel to consider proposals.
	St Kitts And Nevis Budget Consolidation On Track 1/30/2012 Saint Kitts and Nevis has made marked process on debt reduction under a program supported by the International Monetary Fund.
	Antigua Supported In Fiscal Retrenchment Efforts 1/19/2012 A joint delegation from the International Monetary Fund and the European Union is in the Caribbean territory of Antigua to put into motion a 30-month project to strengthen public finance management, and bolster tax collection.
	Irish Ministers Slam Rumours Of Second Irish Bailout 1/16/2012 Enda Kenny and Michael Noonan have both denied talk of a second bailout for Ireland as members of the troika continue their visit to the country to evaluate its progress.
	IoM Amends AML/CTF Handbook 12/30/2011 The Isle of Man's Financial Supervision Commission has announced amendments to the territory's Anti-Money Laundering and Countering the Financing of Terrorism handbook.
	Irish Property Tax To Raise EUR500m A Year 12/26/2011 The Irish government has confirmed that a property tax will replace its unpopular Household Charge a year earlier than planned, with the Prime Minister Enda Kenny saying he hopes it will raise EUR500m (USD650m) a year.
	Ireland's Recovery Firming 12/21/2011 The International Monetary Fund has welcomed an improvement in Ireland's fiscal position following authorities' efforts to stabilize the banking system and achieve the 3% of Gross Domestic Product deficit target by 2015.
	Irish Lawmakers To Boycott Household Tax 12/19/2011 Nine rebel members of the Irish parliament have said that they will not pay the controversial household tax when it is introduced in January.
	Bulgarian Parliament Adopts 'Tight' 2012 Budget 12/16/2011 Following a lengthy debate, Bulgarian lawmakers have finally adopted the country’s 2012 budget bill, designed to reduce the deficit, to minimize the effect of the ongoing eurozone sovereign-debt crisis on the economy, and to guarantee debt repayments in 2013.
	St Kitts And Nevis Hits Fiscal Targets 12/15/2011 Saint Kitts and Nevis has achieved targets set under its financing agreement with the International Monetary Fund by boosting tax receipts despite weak growth in the Federation's economy.
	Eurozone Unites On New 'Fiscal Compact' 12/12/2011 Following the first working session of the European Council at the key summit in Brussels, President of the European Council Herman Van Rompuy outlined the main outcome of the talks, announcing that in the short term immediate action to overcome the eurozone crisis was agreed, and that in the longer term the overwhelming majority of member states united on plans for a new ‘fiscal compact’ for the eurozone.
	Noonan Delivers Tax Changes In Irish Budget 12/8/2011 Irish Finance Minister Michael Noonan has delivered a comprehensive austerity budget comprised largely of tax measures designed to raise almost EUR2bn (USD2.7bn) in additional revenue.
	Greece Set To Secure Bailout Deal 11/29/2011 The European Union and International Monetary Fund have welcomed a letter submitted recently by leader of the conservative New Democracy party in Greece, Antonis Samaras, pledging his support for the fiscal targets outlined in the country’s new EUR130bn (USD178bn) bailout agreement concluded at the end of October.
	Switzerland, France Smooth Over Tax Differences 11/24/2011 Swiss Federal Councillor and head of the Federal Department of Finance Eveline Widmer-Schlumpf recently held talks with French Finance Minister François Baroin, with the discussions focussing on the global economic situation, on the current crisis in the eurozone, and on bilateral and multilateral tax matters.
	VAT Hike Expected In Ireland's December Budget 11/21/2011 Irish consumers could be subject to an earlier than expected value added tax hike, after documents were leaked to the German parliament showing plans to include the measure in the upcoming Budget.
	Guernsey Confirmed As A Leader In Financial Stability 11/9/2011 The Guernsey authorities have welcomed a report commissioned for the recent G20 summit which recognizes that the jurisdiction has demonstrated strong adherence to international co-operation and information exchange.
	Bulgaria Unites On 2012 Draft Budget 11/4/2011 The Bulgarian government has recently approved during an extraordinary meeting the country’s 2012 budget bill, designed to reduce the deficit, to minimize the effect of the drawn-out eurozone sovereign-debt crisis on the economy, and to guarantee debt repayments in early 2013.
	IMF Praises Canadian Economic Efforts 11/4/2011 The International Monetary Fund has offered a broadly positive response to Canada's economic progress in its yearly review, maintaining a positive outlook for the country.
	IMF Commends Belize's Fiscal Policies 11/3/2011 The International Monetary Fund in its Article IV consultation with Belize has commended the authorities on progress made towards their fiscal goals, while maintaining stronger than the regional-average economic growth.
	IBEC Backs Irish Austerity Plan 10/31/2011 The government's EUR3.6bn austerity plans are sufficient for Ireland to meet its bailout targets, the Irish Business and Employers Confederation has said, stressing the focus must be on cutting expenditure, not tax hikes.
	Ireland Completes Latest Bailout Review 10/26/2011 Ireland looks set to receive an additional EUR8bn in bailout funding, after the successful conclusion of the latest review mission by its international creditors, who have praised the coalition government for its continued strong implementation of its rescue package commitments.
	Cypriot Government Calls For VAT Hike 10/19/2011 Cypriot Finance Minister, Kikis Kazamias has urged the wholesale adoption by parliament of budgetary measures tabled last week, including a 2% increase in the value-added tax rate, and cuts to welfare spending.
	IMF Opens Fourth African Technical Assistance Centre 10/18/2011 The International Monetary Fund has officially opened its fourth Africa regional technical assistance centre in Mauritius, offering capacity building services to 13 countries across Southern Africa and the Indian Ocean.
	Irish Budget Watchdog Calls For Further Austerity 10/17/2011 A series of significant developments means that the Irish government needs to strengthen its fiscal consolidation efforts beyond the parameters of plans made earlier in the year, the newly established budget watchdog has said.
	Afghanistan Looks To Introduce VAT 10/12/2011 An International Monetary Fund mission and the Afghan authorities have reached a staff-level agreement on a three-year program under the Extended Credit Facility of about USD129m to support the authorities’ economic program. The Afghan authorities plan to continue revenue administration reforms and introduce a value-added tax in 2014.
	IMF Backs Australian Tax Policy 10/10/2011 The International Monetary Fund has endorsed the Australian government's tax policies in its latest review of the country's economy.
	US Targets China With Proposed Trade Taxes 10/6/2011 The United States Senate Finance Committee Ranking Member, Orrin Hatch, has put forward an amendment to the bill currently being discussed that would unilaterally address the so-called continuing undervaluation of China’s currency by providing for the imposition of countervailing import duties.
	Ireland 'Aggressively' Tackling Deficit 9/28/2011 The Irish government is 'aggressively tackling problems', Finance Minister Michael Noonan has said, telling the Institute of International Finance that while the country has returned to strong levels of growth, the coalition will continue to build on this positive momentum, with a view to achieving a balanced fiscal position in the future.
	Kenny Wants Changes To Irish Tax Commitments 9/23/2011 The Irish government intends to renegotiate the income tax elements of the country's bailout deal with its international creditors, but will implement the programme for government in full.
	IMF Welcomes Bangladeshi Tax Measures 9/21/2011 The International Monetary Fund has welcomed measures taken by Bangladesh in its June 2011 FY2012 Budget to increase the country's tax-to-GDP ratio but has said more needs to be done to achieve the financial targets set by the government.
	EU Welcomes Ireland's Economic Progress 9/14/2011 Ireland has secured the third instalment of its bailout loans with the successful completion of the latest European Commission review, which has praised the introduction of reforms and plans for fiscal consolidation.
	IMF Recommends Hike In Japan's Consumption Tax 9/14/2011 While Prime Minister Yoshihiko Noda’s new government seems to be looking to bind both ruling and opposition parties into a gradual tax-increasing policy, the International Monetary Fund has indicated that it believes Japan’s economy could absorb more substantial consumption tax hikes.
	Ireland Meeting Economic Targets 9/5/2011 While current economic data suggests a mixed picture for the country's finances, Irish Finance Minister Michael Noonan has said that many aspects of the government's plans for recovery are on track.
	SVG Looks To Maintain Competitiveness 9/1/2011 Following economic contraction in 2010, the government of Saint Vincent and the Grenadines plans to implement reforms to enhance the territory's attractiveness to international investors to combat its deficit, adding to tax reforms announced earlier in the year.
	Irish Economic Reforms Praised By Euro Chief 8/31/2011 Ireland's international creditors are 'very pleased' with the country's economic progress, with the head of the eurogroup glad to see it bucking the trend of continual bad news in the eurozone.
	IMF Welcomes Saudi Tax Administration Reforms 8/29/2011 In its report published further to a consultation held with Saudi Arabia in July, International Monetary Fund Directors welcomed the country’s ongoing initiatives to strengthen its revenues base.
	IMF Welcomes St Kitts And Nevis Tax Changes 8/18/2011 The International Monetary Fund has praised St Kitts and Nevis for its fiscal reform agenda and changes to the tax system, but warned that more work needs to be done.
	Sarkozy Plans New Wave Of Austerity Measures 8/12/2011 It seems no nation is safe in Europe from the scrutiny of the increasingly skittish bond market, as France, even with its credentials as Europe's second largest economy and with comparatively modest debt, has been forced to publicly address its stability.
	Bahamas 'In Good Shape', IMF Concludes 8/11/2011 The International Monetary Fund has said the Bahamas' economy is in good shape following an assessment undertaken during July.
	IMF Urges Mexican Tax Reforms 8/10/2011 The International Monetary Fund, in its conclusions following the completion of its latest Article IV consultation with Mexico, warned that the country’s non-oil tax revenue base needs to be developed to meet the medium-term challenge of reduced oil revenues.
	Australian Government Pleased With IMF Endorsement 8/8/2011 The International Monetary Fund has just published its latest report on the Australian economy, suggesting that tax and structural reforms will play a key role in allowing Australians to take full advantage of the country’s current mining boom.
	South Africa's Loan To Swaziland Has Fiscal Strings 8/5/2011 South Africa has agreed to provide a conditional guarantee for a loan of ZAR2.4bn from the South African Reserve Bank to the Central Bank of Swaziland, one of the conditions of which is that Swaziland should implement the fiscal reforms required by the International Monetary Fund.
	IMF Urges UK To Consider Tax Cuts 8/3/2011 While progress has been made in securing fiscal consolidation targets, low economic growth and high inflation in the UK has led the International Monetary Fund to warn that contingency plans, including the possibility of temporary tax cuts, should be considered.
	Two More Years Of Tax Hikes For Ireland 8/3/2011 While the country is on track to meet and even exceed its bailout commitments for this year, Irish Finance Minister Michael Noonan has outlined the plans he intends to implement over the next two years to cut the deficit and satisfy Ireland's creditors.
	Ireland Introduces New Household Tax 7/29/2011 The Irish government has introduced a levy on the majority of households in order to pay for local services and meet commitments made to its bailout creditors.
	Ireland Reduces BoI Holding 7/27/2011 As part of its 'radical' restructuring of the banking system the Irish government has secured the purchase by private investors of over EUR1bn state shares in the Bank of Ireland.
	Pakistan Revenue Overstates Collection Figures 7/26/2011 The Pakistan Federal Board of Revenue has admitted that its claims of exceeding targets for tax collection for the year 2010/11 were incorrect, and that the Board is actually facing a shortfall of PKR38bn (USD440m).
	IMF Urges Tax Reform In Kuwait 7/25/2011 The International Monetary Fund has just published the results of a recent visit to Kuwait, and in its document suggested that the Kuwaiti government puts tax reform at the top of its agenda.
	Bank Tax Omitted In Greek Bailout Deal 7/25/2011 Abandoning plans for a tax on banks, euro zone leaders have finally united on a new rescue plan for recession-mired Greece, designed to shore up the ailing economy and to prevent the risk of contagion to other vulnerable euro zone states.
	IMF Urges Italian Tax Reforms 7/14/2011 With fears of eurozone contagion mounting, the International Monetary Fund has urged Italy to ensure decisive implementation of its deficit reduction package and recommended simplification of the tax system as a means of driving down public debt and encouraging economic growth.
	Ireland Confident Of Meeting Bailout Targets 7/15/2011 Irish Finance Minister Michael Noonan has welcomed the possibility of an interest rate reduction on the country's bailout loans, telling MPs that this is an important step forward as he briefed a committee hearing on the state of the economy.
	Irish Rating Downgraded To Junk Status 7/14/2011 Ireland has been hit with its worst ever debt rating, joining the beleaguered Portuguese and Greek economies in its classification as 'junk'.
	Ireland Launches Budget Watchdog 7/11/2011 Irish Finance Minister Michael Noonan has established a new independent fiscal watchdog, designed to hold the government to its own targets and objectives, as part of a commitment to a shakeup of the country's budgetary framework.
	Greek Lawmakers Adopt Austerity Package 7/1/2011 Amid violent protests, and at the insistence of the European Union and the International Monetary Fund, the Greek parliament has adopted the government’s highly unpopular austerity package, vital to securing international aid and to averting sovereign debt default.
	Greek Cabinet Approves Austerity Bill 6/23/2011 Marking a further, significant step forward in its vital bailout deal with the European Union and the International Monetary Fund, the Greek cabinet has approved the country’s medium-term fiscal plan as well as the government’s implementation bill.
	IMF Recommends Raising Japan's Consumption Tax 6/21/2011 In an International Monetary Fund staff discussion note, entitled ‘Raising the Consumption Tax in Japan: Why, When, How?’, it has been suggested that the Japanese government should begin a gradual increase in consumption tax from 5% to 15% over several years.
	IMF Urges Russian Payroll Tax Cut 6/20/2011 The International Monetary Fund has urged the Russian government to put in place a 'credible, ambitious, and growth-friendly' fiscal consolidation plan which includes a reversal of the recent payroll tax hike.
	IMF Supports Japanese Tax Reform 6/9/2011 At the conclusion of their 2011 consultation with Japan, International Monetary Fund staff have stated that new tax measures are needed to limit bond issuance and strengthen the commitment to fiscal reforms.
	St Kitts, IMF Agree On Stand-By Arrangement 6/9/2011 St Kitts and Nevis is taking decisive action to address the legacy of its recession, the International Monetary Fund has said, leading to the conclusion of an agreement which could see the provision of cash support for the country, were it required.
	Greece Braced For More Austerity 6/7/2011 Individuals and businesses in Greece are facing the prospect of paying yet higher taxes as the government prepares a fresh round of austerity measures as part of a recast bail-out deal with the International Monetary Fund and the European Union.
	Economic Reforms To Continue In Seychelles 5/25/2011 James Michel has been successful in his bid for a second full term as President of the Seychelles after beating three opposition candidates, and is expected to continue the economic reforms set in place over recent years.
	S&P Places Italy On Negative Outlook 5/24/2011 The country’s political uncertainty, which has weakened its prospects for economic recovery and increased the perceived risks associated with the government’s fiscal debt reduction programme, has led Standard and Poor’s to lower the outlook on Italy’s credit rating.
	IMF Looks At German Tax Reform 5/23/2011 Tax reform has the ability to boost German growth potential but is not a high enough policy priority, the International Monetary Fund has said.
	Pakistan Must Broaden Tax Base, Says IMF 5/19/2011 Following a round of discussions on the country's stabilization programme, the IMF has concluded that Pakistan faces important challenges, and stressed that measures to reduce the fiscal deficit will require higher revenue intake, to be effected through further tax reform.
	Barbados On Growth Track, Says IMF 5/20/2011 While Barbados's economy is beginning its recovery, with growth expected to continue on a steady path, fiscal consolidation must remain the top priority, according to the International Monetary Fund's latest findings.
	IMF Releases More Cash For Ireland 5/19/2011 Concluding that Ireland's push for economic recovery is 'off to a strong start,' the International Monetary Fund has agreed to the immediate further disbursement of agreed bailout loans.
	Pakistan Cabinet Approves Budget Strategy Paper 5/13/2011 The Pakistani Cabinet has approved the Budget Strategy Paper 2011-2013, prior to the Budget being unveiled on May 28.
	Italy Must Simplify Tax System, Says IMF 5/12/2011 Italy is labouring under chronically weak growth performance, with structural reforms, fiscal consolidation and a simplified tax system all potential remedies, according to the latest International Monetary Fund findings.
	Irish Bailout Rate Reduction Up For Discussion 5/11/2011 With an important round of meetings between European Union finance ministers imminent, reports have suggested that Ireland could be granted a 1% reduction in its bailout loan interest rates without having to hike corporation tax in return.
	Portugal's Austerity Plan Agreed 5/6/2011 Portugal’s EUR78bn bailout agreement, concluded recently with representatives of the European Union and the International Monetary Fund, contains a raft of austerity measures, designed to increase tax revenues and to reduce spending.
	Portugal Secures Bailout Deal 5/5/2011 Portugal’s caretaker Prime Minister Jose Socrates has unveiled details of the EUR78bn bailout agreement concluded recently with representatives of the European Union and the International Monetary Fund.
	Bahamas Securities Industry Reform Under Way 4/28/2011 A redrafted Securities Industry Act for the Bahamas has passed its first legislative stage, and, if approved by the Upper Chamber, will provide additional clarity on registration requirements, and bring the Securities Commission's powers up to date.
	Report Slams Lending Behaviour In Run Up To Irish Banking Crisis 4/26/2011 A significant investigation into Ireland's banking crisis has laid the blame primarily with Irish domestic decisions and risks, blaming a bank-backed property bubble, and accusing bank managers of having forgotten the very nature of credit.
	Antigua & Barbuda complete meetings with IMF and WB 4/25/2011 Antigua and Barbuda has concluded a series of meetings with World Bank and International Monetary Fund staff, with ministers requesting the increased engagement they believe would secure progress in social protection and growth.
	US Encourages Pakistan On Economic Reforms 4/26/2011 The Pakistan Minister for Finance, Dr Hafeez Shaikh, has been in Washington this week for discussions with the International Monetary Fund, the World Bank and US Government Officials.
	Hungarian Fiscal Reforms Praised 4/21/2011 Following the conclusion of a mission designed to facilitate preparation of its Spring 2011 forecast, and review recent developments and policy initiatives, the European Commission has welcomed Hungary's strategy for fiscal consolidation.
	Low Tax Crucial To Irish Recovery, Says Kenny 4/21/2011 In spite of his desire to secure a more favourable bailout package, Ireland's Prime Minister has refused to make any concession on corporate tax rates, a move he warns would be 'self-defeating'.
	Bailout Mission Praises Ireland's Economic Efforts 4/19/2011 The first quarterly review of Ireland's economic programme, necessitated by its EUR85bn bailout, and carried out by a mission team of European Commission, European Central Bank and International Monetary Fund officials, has concluded that Ireland is making good progress in overcoming the worst economic crisis in its recent history.
	Costa Rican Tax Reform Needed, Says IMF 4/15/2011 Concluding its mission to Costa Rica, the International Monetary Fund has said that the medium term economic outlook is broadly positive, and that tax reform is key to the securing of a higher revenue base.
	Luxembourg Financial Centre Faces Challenges 4/6/2011 Luxembourg's financial sector will continue to face challenges from international efforts to harmonize taxation and enhance transparency, according to the International Monetary Fund.
	Pakistan Revenue Agency Spreads Its Net 3/25/2011 The Pakistan Federal Board of Revenue is working hard to increase tax revenue by targeting those who are not currently registered as national taxpayers.
	BVI Bucks Offshore's Falling Competitiveness 3/25/2011 The British Virgin Islands has reversed recent trends by becoming the only offshore financial centre to have its rating boosted in the latest Global Financial Centres Index.
	IMF Hosts African Tax Conference 3/23/2011 Senior tax officials from over 40 sub-Saharan African countries are to attend a conference hosted by the International Monetary Fund and the government of Kenya, which aims to help improve tax revenue mobilization.
	IMF Finds Seychelles Economic Program On Track 3/23/2011 An International Monetary Fund mission has just completed a visit to the Seychelles to conduct discussions for the third program review under the Extended Fund Facility Arrangement with the country.
	Pakistan Takes Heed Of IMF Advice 3/21/2011 Following the recent International Monetary Fund mission to Islamabad led by Adnan Mazarei, the Pakistan government has taken heed of its advice and introduced various tax changes to increase revenue in a short period of time.
	IMF Releases Latest Report On Qatar 3/16/2011 The International Monetary Fund has recently concluded a consultation with Qatar and the report just published shows that the Middle Eastern country has weathered the global financial crisis exceptionally well, reflecting the quick and strong policy response by the authorities.
	Philippines Not Ready To Raise Taxes 3/8/2011 Despite recent suggestions from the International Monetary Fund and the Philippine Institute for Development Studies that it would have to raise taxes in order to meet its future revenue targets, the Philippine government has repeated its intention not to do so, except as a last resort.
	IMF Praises Brazilian Policies 3/4/2011 The IMF has concluded its visit to Brazil with a statement from its Managing Director praising the 'sound economic management' that has helped the country's recovery from the 2008-09 crisis and suggesting key areas for improvement, such as tax reform and less rigid budget rules.

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