Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘economic recovery’

Policy Reforms

Posted by fidest press agency su venerdì, 22 luglio 2011

Washington, The World Bank Board of Executive Directors today approved the US$ 40 million Third Development Policy Operation (DPO-3) for Georgia to support reforms directed at sustaining economic recovery and preparing for post-crisis growth. In addition to the macroeconomic and fiscal framework, the main policy reform areas supported include improving the efficiency and effectiveness of public finances, increasing the effectiveness of the social safety net, and enhancing external competitiveness. DPO-3 is the final in a series of three operations providing direct budget support to back key objectives of the Government’s policy reform agenda to mitigate the impact of the economic downturn, facilitate recovery, and prepare Georgia for post-crisis growth. The DPO series, amounting to US$ 175 million in total, was prepared in the aftermath of the twin crises of the August 2008 conflict and the global economic downturn.
Economic recovery and growth have benefited from tax, customs, and trade-related reforms to strengthen competitiveness and bolster investor confidence. Substantially higher e-filings (from 1 percent in January 2009 to more than 85 percent by end-2010) and improved risk management at customs are helping to reduce the costs of tax compliance and trading across borders. Progress has also been made in identifying and implementing select trade-related reforms for improved access of Georgian products to international markets. Public expenditure efficiency is benefiting from enactment of a new Budget Code and steps to improve the results orientation of the budget and strengthen capital budgeting. These reforms are enabling a greater share of public expenditures to be covered by improved performance indicators and they have also increased transparency and accountability for public investment programming. On the social safety net, coverage was scaled up and benefits were improved while enhancing targeting effectiveness. The share of the poor and vulnerable receiving publicly subsidized health care has increased from about 20 percent in 2007 to more than 35 percent in 2010, while the share of the poorest tenth of the population receiving targeted social assistance increased from about 32 percent in 2007 to about 40 percent by 2009.DPO-3 is an IDA credit with a maturity of 25 years, including a 5-year grace period. DPO-1 for the amount of US$ 85 million IDA was approved by the Board in July 2009. DPO-2, including an IDA credit of US$ 40 million and an IBRD loan of US$ 10 million, was approved by the Board in July 2010. The DPO series is a central component of the World Bank’s Country Partnership Strategy (CPS) for Georgia covering 2010-2013. World Bank commitments to Georgia total approximately US$ 1.5 billion for 50 projects.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Critical to U.S. economic recovery

Posted by fidest press agency su sabato, 25 giugno 2011

Washington. The American Chemical Society (ACS) said Thursday that for a nation facing a looming deficit and difficult cuts to entitlements, passing H.R. 1249 and streamlining America’s patent application process is one of the single-most productive steps Congress can take to improve the economy. “Congress faces many difficult choices as they grapple with the deficit and balance entitlements and cuts, but unleashing our nation’s ability to innovate from stifling patent policies has no downside — the only result is new economic opportunity,” said ACS President Nancy B. Jackson, Ph.D. “Currently more than 1.2 million patent applications are backlogged. That’s a lot of American ingenuity waiting to hit the streets!”
H.R. 1249, the America Invests Act, would establish essential changes in how patent applications are reviewed and awarded and would keep patent application fees with the U.S. Patent and Trademark Office (PTO). H.R. 1249 is expected to come up this week in the House and is the counterpart to the Senate’s S.23 America Invents Act that passed by a vote of 95-5 on March 8 of this year. In recent decades, patent fees have been diverted from the PTO and rolled into the federal budget to pay for other shortfalls, thus preventing the PTO from hiring enough examiners to review patent applications in a timely manner. On average, it takes three years for a patent application to be reviewed. For more information on ACS’s patent policy, please see:
The American Chemical Society is a nonprofit organization chartered by the U.S. Congress. With more than 163,000 members, ACS is the world’s largest scientific society and a global leader in providing access to chemistry-related research through its multiple databases, peer-reviewed journals, and scientific conferences. Its main offices are in Washington, D.C., and Columbus, Ohio.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

The Economist: oggi è in edicola

Posted by fidest press agency su venerdì, 27 agosto 2010

L’articolo sul nuovo codice della strada italiano nella sezione Europe: Roads to ruin/ An optimistic attempt to impose order on Italy’s roads
– La storia di copertina After Iraq: the limits of American power
– L’editoriale sulle elezioni australiane: When the hat doesn’t fit/Australia’s dead heat election was exciting. But the drama masks a desperately impoverished politics
– L’editoriale sulla disoccupazione in America: A stickier problem/ America’s jobs woes cannot be cured just by waiting for economic recovery
– L’editoriale sul miracolo dell’agricoltura brasiliana: How to feed the world/The emerging conventional wisdom about world farming is gloomy. There is an alternative
– L’articolo di apertura della sezione Europe, dedicato alla politica francese: Tough-guy Sarko/ Drowning in unpopularity and beset by scandal, the French president lashes out at some easy targets
– L’articolo su Zapatero: Losing his grip/Spain’s prime minister faces a minor insurrection within his own party
Editor’s highlights. As Operation Iraqi Freedom, the combat mission that began with the invasion in March 2003, formally comes to an end on August 31st, America can look back on a bruising decade. Our cover leader reflects on Americas role in the world in the aftermath of the misadventure in Iraq, and at a time when, as our briefing on the cost of weapons explains, defence spending has to adjust to an age of austerity. Barack Obama has a keener sense than his predecessor of the limits of American power. But there are some global jobs that America alone has the mix of military, economic and diplomatic muscle to undertake. And for all the difficulties at home, the fact remains that the biggest gainer from a strong America abroad is America itself. Mr Obama seems to understand that.
Brazils farm miracle How to feed the world [Leader and briefing]
Australias electionThe dead-heat drama masks a desperately impoverished politics [Leader and Asia lead note]
Israeli entrepreneurs MBAs are for wusses
Jonathan Franzens new work A great American Novel
An obituary of Bill Millin Piping in D-Day  (the economist)

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To combat economic crisis

Posted by fidest press agency su venerdì, 10 aprile 2009

The European University Association (EUA) – an organisation representing more than 800 universities and 34 national university (Rectors’ conferences) associations – has today published a Declaration that contains a series of targeted messages to Europe’s politicians with proposals from universities to help combat the current economic and financial crisis. Based on the outcomes of the recent EUA meeting of Europe’s university leaders in Prague – the Declaration also sets out a long-term agenda for European universities in the next decade identifying ‘10 paths to success’.The Declaration – that will be presented to the 46 education ministers attending the Bologna process Ministerial Summit at the end of April – underlines universities’ role as a driving force for economic recovery in Europe. However, it stresses that for universities to play their full role in helping European economies out of recession, politicians must commit to major investment in higher education and research. “Europe cannot afford to run the risk of losing a generation of talented people or a serious decrease in research or innovation activity,” the Declaration underlines. EUA urges “decision makers at the national and European level to emulate the major investment in higher education and research that characterises the US economic stimulus package” and which supports both high end research and students and families struggling to pay for higher education. EUA is calling for renewed efforts from governments to reach the Barcelona target of 3% (of GDP) investment in research and the 2% (of GDP) target for investment in higher education proposed by the European Commission. The Declaration recommends that European stimulus packages are needed to: create real opportunities and incentives for young researchers; to tap unused potential through the implementation and financing of lifelong learning across Europe; and to upgrade universities’ facilities and campus infrastructure.

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Opening remarks at tonight’s news conference

Posted by fidest press agency su mercoledì, 25 marzo 2009

Washington dc [W]e’ve put in place a comprehensive strategy designed to attack this crisis on all fronts.  It’s a strategy to create jobs, to help responsible homeowners, to re-start lending, and to grow our economy over the long-term.  And we are beginning to see signs of progress.  The budget I submitted to Congress will build our economic recovery on a stronger foundation, so that we do not face another crisis like this ten or twenty years from now.  We invest in the renewable sources of energy that will lead to new jobs, new businesses, and less dependence on foreign oil.   We invest in our schools and our teachers so that our children have the skills they need to compete with any workers in the world.  We invest in reform that will bring down the cost of health care for families, businesses, and our government.  And in this budget, we have made the tough choices necessary to cut our deficit in half by the end of my first term – even under the most conservative estimates.   At the end of the day, the best way to bring our deficit down in the long run is not with a budget that continues the very same policies that have led to a narrow prosperity and massive debt.  It’s with a budget that leads to broad economic growth by moving from an era of borrow and spend to one where we save and invest.  That’s what green jobs and green businesses will do.  That’s what a highly-skilled workforce will do.  That’s what an efficient health care system that controls costs and entitlements like Medicare and Medicaid will do.  That’s why this budget is inseparable from this recovery – because it is what lays the foundation for a secure and lasting prosperity.   We will recover from this recession.  But it will take time, it will take patience, and it will take an understanding that when we all work together; when each of us looks beyond our own short-term interests to the wider set of obligations we have to each other – that’s when we succeed.  That’s when we prosper.  And that’s what is needed right now.  So let us look toward the future with a renewed sense of common purpose, a renewed determination, and most importantly, a renewed confidence that a better day will come.

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