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NEWS AND COMMENT

22 JULY 2016
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IMF downgrades world growth projections after Brexit vote
IMF downgrades world growth projections after Brexit vote
 

The International Monetary Fund has downgraded its growth projections for the world economy in the wake of the UK’s EU referendum result. Chief economist Maurice Obstfeld said the global economy had been showing signs of recovery but Brexit has "thrown a spanner in the works". 
 
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IPSASB strengthens governance with advisory group launch
 

IPSASB strengthens governance with advisory group launch
 
The Consultative Advisory Group of the International Public Sector Accounting Standards Board held its inaugural meeting this week in Toronto, Canada.
 
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UN Security Council votes on next secretary general
UN Security Council votes on next secretary general
 

The United Nations Security Council has conducted the first secret ballot to decide who will succeed Ban Ki-Moon as the UN's next secretary general.
 
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Tax policy should be used to fight inequality, says OECD 
Tax policy should be used to fight inequality, says OECD
 
Governments should use tax policy to boost growth and ensure the benefits of taxation are more equitably shared among citizens, the OECD has said.
 
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ECB holds off action until Brexit effects are clearer
ECB holds off action until Brexit effects are clearer
 
The European Central Bank is holding out on a decision to take further measures to boost growth in the eurozone until the impact of the UK’s Brexit vote is clearer.
 
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Zimbabwe accountancy institute plans public sector qualification
 
Zimbabwe accountancy institute plans public sector qualification
 

Zimbabwe’s accountancy institute is to work with the country’s auditor-general to develop a professional qualification targeting public sector accountants.
 
NEWS
 
Domestic revenues key to achieving SDGs in Asia and the Pacific
 
Domestic revenues key to achieving SDGs in Asia and the Pacific
 
Strengthening domestic revenues and finding new financing tools will be key to meeting the Sustainable Development Goals in Asia and the Pacific, panellists at a United Nations forum have said.
 
NEWS
 
$2.1bn pledged for Iraq aid
 
$2.1bn pledged for Iraq aid
 

A conference to raise funds for Iraq has collected more than $2.1bn in aid pledges, according to US State Department spokesman John Kirby.
 
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