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World Bank Supports SME Development with Focus on Financial Reporting in Europe and Central Asia
Ministers of Finance, business leaders, accounting professionals, and academics from Europe and Central Asia, together with representatives of the World Bank and key EU and international institutions in financial reporting and auditing, met today in Vienna for the 5th Ministerial Conference of
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Turkey’s Public Finances: Time for a Fiscal Policy Pivot?
New World Bank report recommends shift to more sustainable growth model. The World Bank today launched a new report, Turkey in Transition: Time for a Fiscal Policy Pivot?, at a conference held in Ankara in partnership with the Ministry of Finance and
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Luther George Simjian: ATM Inventor Misses Out on Fame and Fortune
Born in 1905 in Turkey when that country was still known as the Ottoman Empire, Luther George Simjian became separated from his family in the chaotic aftermath of the Great War and fled to the United States via Beirut and
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World Bank Group President Jim Yong Kim to Visit Saudi Arabia, Lebanon and Jordan
World Bank Group President Jim Yong Kim, will visit Saudi Arabia, Lebanon, and Jordan from June 1-4, to focus on the challenges and opportunities facing the Middle East and North Africa (MENA) region and underscore the Bank’s commitment and support. This
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Paul Krugman: A Plea for a Return to Basics in Finance
Author of no less than twenty books, over 200 scholarly essays in peer-reviewed academic journals and more than 750 articles as a columnist, Nobel laureate Paul Krugman is not one to hide his mostly liberal opinions. As an economist, Mr
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UN Labour Report Shows Solid Return for National Investments in Quality Jobs
Developing countries that invested in quality jobs from the early 2000s grew nearly one percentage point faster every year since 2007 and were better able to weather the economic crisis than comparable economies, according to a new report by the
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Nicholas Brady: Soccer Finance and the Pragmatist Who Fixed a Debt Crisis
Back in the days when a top-scoring soccer player could be enticed for a few million, Brazilian attacker Romario set a record when PSV put down all of six million dollars to have him play for the club in Eindhoven,
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The World Bank: Local Currency Bonds Catch On as Countries Aim to Catch Up
Two years ago, the World Bank Group’s International Finance Corporation tried something that had never been done in the Dominican Republic. In a bid to increase access to finance to entrepreneurs and home-buyers, the Bank Group’s private sector arm became
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John Maynard Keynes – Keynesianism to the Rescue: It Still Works Wonders
When Steve Forbes rallies against someone, as he often does, the world takes (some) note: Libertarians and conservatives are apt to make noises of approval while all others suspect the object of Mr Forbes’ ire to be a person of
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Restoring Public Confidence: Industrialising Delivery of Pension and Retirement Solutions
Over the past century, governments, as well as public and private sector pension and retirement providers, focused on expanding existing and introducing new systems with a core focus on payment of benefits. Strong investment performance limited the perceived need to
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