El Salvador has enacted a state of emergency to fight a new spike in homicides while thousands of Haitians demonstrate against a lack of governmental support to protect their population from gangs.
The 38-member economic cooperation body warns that health, high inflation, supply chain bottlenecks and potential policy missteps are "all key concerns" going forward.
Chile is the fastest growing economy among the 38 member states of the Organization for Economic Cooperation and Development followed by Turkey, UK, Hungary and Lithuania in the third quarter of this year.
The agreement ensures big multinational companies pay their fair share of tax in places where they actually make money selling products and services.
Finance ministers and central bankers from G20, the countries with the 19 biggest economies and the European Union, green light a "revolutionary" deal to tax multinational companies more fairly.
Countries representing most of the global GDP have agreed to a minimum 15 percent tax on multinationals but the deal falls short of addressing concerns of the developing nations.
A much needed correction in the tax system can end up benefiting the richest countries.
The 37-member organisation's new report shows a trend of significant financial recovery across the world. In terms of least GDP changes from pre-pandemic projections, Turkey stands second only to the US in 2021
The rise in the rankings came after multinationals in South Africa and the United States routed $218 billion in funds from the Netherlands into the gulf monarchy – equivalent to more than half of its GDP, says Tax Justice Network.
Calls to tax wealthy people and corporations are growing as governments struggle to come up with funds to deal with the pandemic’s economic fallout.
Turkish economy is projected to grow 2.6 percent and 3.5 percent in 2021 and 2022 respectively in latest economic survey by Organisation for Economic Co-operation and Development.
In spite of its nuclear ambitions, Indonesia does not yet have the capacity to manage its nuclear waste disposal, which could prove disastrous for the Southeast Asian region.
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