Transnational Bodies

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.
Article: Global Economic Governance Requires Strong IMF

April 28, 2016

James Boughton of the Centre for International Governance Innovation ("CIGI") writes that the governments must focus their development of systematic global governance of monetary policy and the economy in a strengthened and more independent International Monetary Fund ("IMF").
IFC, Puma Push Suppliers on Environmental, Social Standards

April 21, 2016

The International Finance Corporation ("IFC") and sports apparel company Puma have launched an initiative providing financial incentives for companies in Puma's supply chain to abide by global social and environmental standards.
EU, World Bank Support Access to Climate Insurance Program

April 20, 2016

Amid growing global efforts to finance initiatives that seek to counter the effects of climate change, the World Bank and the European Commission have agreed to ease access of Latin American countries to "catastrophe risk insurance" under the Multi-Donor Trust Fund in recognition of the growing threat of global warming to these countries.
Booker: Global Governance Trends Minimize EU Importance

April 19, 2016

Journalist Christopher Booker asserts, in the context of the referendum on the UK's membership in the EU, that international organizations engaged in a broader push for global governance are overshadowing the importance of the EU in threats to democratic decision-making in Britain.
Working Party Objects to EU-US "Privacy Shield"

April 19, 2016

The so-called Article 29 Working Party, which is charged with reviewing EU data agreements, has issued objections to the European Commission's data transfer deal with the US, called "Privacy Shield," finding, among other problems, that the deal fails to comply with the bloc's data retention principles and that it does not prevent indiscriminate US government collection of personal data.
European Data Agencies Object to EU-US "Privacy Shield"

April 18, 2016

Politico reports that a working group made up of data authorities from EU member states has proposed significant changes to the deal the EU and the US have negotiated, called "Privacy Shield," that purports to provide for protections of data transfers from Europe to the US from mass surveillance conducted by US authorities.