Transnational Bodies

G-7 Intervenes in Brexit Debate

June 09, 2016

Bloomberg reports that, at a recent meeting in Japan, national leaders of the G-7 group of countries adopted a communique warning of the global economic and security risks that would attend a British exit from the EU in an upcoming referendum.
NATO Plans Intelligence Chief Post

June 06, 2016

The Hill reports that the North Atlantic Treaty Organization is paving the way for the creation of the position of Assistant Secretary General for Intelligence, which would facilitate the analysis and sharing of intelligence on threats to treaty members, with a focus on terrorist threats from groups like the Islamic State.
Bosworth: G-7 Declines in Global Economic Governance

June 01, 2016

Prior to a recent meeting of leaders of the Group of 7 countries in Japan, Barry Bosworth of the Brookings Institution highlighted the declining role of the G-7 in governance of the global economy compared to more diversified groups, such as the G-20, that "can make greater claim to being representative of participating countries."
US, Nordic Nations Agree to Climate Action

May 25, 2016

The Washington Post reports that the White House and leaders from five Nordic countries have adopted an agreement to apply stringent environmental standards to commercial activities in the Arctic region in order to avoid exacerbating the effects of global warming.
WEF Investment Partnership Advances "Sustainability" in Africa

May 20, 2016

The World Economic Forum has announced that its Sustainable Development Investment Partnership is creating a regional hub in Africa to fund infrastructure projects that advance progress on the UN's comprehensive Sustainable Development Goals for the year 2030.
IMF Seeks Grace Period for Greek Debt Repayment

May 18, 2016

The International Monetary Fund is pushing the creditors of the Greek government, including eurozone countries such as Germany, to accept unfavorable terms in Greece's debt repayment, including a 24-year repayment grace period and a low interest rate for the next 30 to 40 years.
IMF Warns of UK Economic Contraction After Brexit

May 16, 2016

In its annual report on the British economy, the International Monetary Fund intervened in the debate over whether the UK should leave the EU by predicting that such an exit could lead to an economic downturn in the country and decrease the prices of housing and shares.
OECD Warns of "Brexit Tax" If UK Leaves EU

May 04, 2016

Secretary General of the Organisation for Economic Co-operation and Development ("OECD") Angel Gurria has intervened in the British campaign over whether to leave the EU by warning voters that an exit would result in a "deadweight loss" for the UK economy and require UK households to pay a "tax" equivalent to a month's salary by the year 2020.
World Bank, IMF Pressure Governments on Carbon Tax

May 02, 2016

The New York Times reports that the World Bank and the International Monetary Fund ("IMF"), using "economic leverage" and the World Bank's Carbon Finance Unit for support, are pushing governments to adopt taxes on businesses for their greenhouse gas emissions in order to counter climate change.
EU-Canada Deal Faces Obstacles in Romania, Belgium

April 29, 2016

Economy Watch reports that the governments of Romania, due to visa waiver restrictions on Romanian nationals, and Wallonia, a region in Belgium that is seeking further "guarantees" under the agreement, have refused to give their consent to the EU-Canada Comprehensive Economic and Trade Agreement ("CETA") agreed among negotiators in 2014.