workers in the developed countries are retiring earlier thereby compounding the impact of rising longevity on pension costs.
2) Effect on Public Budgets
Population aging translates directly into a lower ratio of taxpaying workers to retired beneficiaries that, in turn, translates into greater demands on public budgets. UN projects that the ratio of working-a adults (15-64) to elderly (65 and
stability, and thus to contribute to the development of the world economy. Moreover, these policies are designed to contribute to sound economic expansion in member as well as non-member countries in the process of economic development and to be conducive to the expansion of world trade on multilateral, non-discriminatory basis in accordance with international obligations.
II. History
Gen
Agreement sets out the IMF's main responsibilities:
promoting international monetary cooperation;
facilitating the expansion and balanced growth of international trade;
promoting exchange stability;
assisting in the establishment of a multilateral system of payments; and
making its resources available (under adequate safeguards) to members experiencing balance of payments difficulties.
Ⅰ. Introduction
Depending on the age of globalization, government as well as companies are becoming competitive in the field of budget system and recognizes the need of practical and effective financial management. The government have been implementing the Line item budgeting system to control strictly the use of budget.
However, the control of these budgets has inhibited the increase in pr
The 3-for-1 split effectively cuts the price of an individual Potash Corp share after a 70 per cent increase over the past year. The move will help improve trading liquidity and encourage more retail investors to invest in the company. Potash is upgraded from “hold” to “buy” and boosted its price target from $61 to $67 by Citigroup.
Potash shares rose $1.14 +2% in prem