Talks between the European Union and the United States on a Transatlantic Trade and Investment Partnership (TTIP) took off in the summer of 2013 with many political and business leaders hailing the deal as a silver bullet against the difficult economic recovery affecting both sides of the Atlantic.
On the eve of the 2014 Annual Meetings, the World Bank announced today that it is taking the unprecedented step of writing the goal of poverty eradication into its Articles of Agreement. If global goals to end poverty by 2030 are achieved, the institution will be constitutionally obliged to dissolve.
The Annual International Monetary Fund (IMF) and World Bank Meetings are focusing on building an inclusive global economy and creating jobs. Ahead of the meetings, IMF Managing Director Christine LaGarde called for "bolder policies to inject a 'new momentum'" into the global economy. LaGarde warned of high debt and unemployment and increased geopolitical risks associated with conflict and disease.
"The risks the IMF raises are real. We need to address inequality if we are going to grow the global economy," said Eric LeCompte, Executive Director of the religious anti-poverty organization, Jubilee USA.