November 11, 2021/IMF The Managing Director made the following remarks at the Paris Peace Forum today: “The world economy is recovering and is expected to achieve 5.9% growth this year. For low-income developing countries, however, growth is projected to be only half that size—3%. And that dangerous divergence is becoming […]
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What climate negotiators need to know – a playbook of pathways to 1.5-2 degrees
November 10, 2021/IMF To keep warming to 1.5-2 degrees, we need to cut global emissions by 30-55 percent below business-as-usual levels by 2030. It’s up to negotiators to agree how cuts should be balanced across countries. Under revised plans, advanced economies have committed to reduce emissions rapidly—with collective pledges of 43 […]
Federal Reserve issues consent order against Mashreqbank for firm’s unsafe and unsound practices related to sanctions compliance
November 9, 2021/US Federal Reserve The Federal Reserve Board on Tuesday announced it has issued a consent cease and desist order against Mashreqbank psc, of the United Arab Emirates, for having insufficient policies and procedures to ensure that the activities conducted at its offices outside the United States complied with […]
