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#1 19-04-2018 09:58:22

Date d'inscription: 14-03-2018
Messages: 33

Chelsea's proposal was approved unanimously

by Gao Pan

WASHINGTON Nike Air Huarache Black , Oct. 12 (Xinhua) -- An International Monetary Fund (IMF) official on Sunday called for smart fiscal policy to create jobs amid slow global economic recovery and high public debt levels.

Six years after the global financial crisis, unemployment remains at quite significant levels around the world, Vitor Gaspar, director of IMF Fiscal Affairs Department, told Xinhua on the sidelines of the Annual Meetings of the IMF and the World Bank.

"Employment is very much at the top of the global policy agenda Nike Air Huarache ," Gaspar said. "We have about 200 million unemployment people worldwide."

He said the most dramatic is probably the trend of youth unemployment.

In some advanced European countries, the unemployment rate among young people exceeds 50 percent; in many developing economies, the challenge is to be able to create enough jobs to absorb a very large number of young people entering the job market every year, he said.

Acknowledging this immense challenge, the IMF's latest Fiscal Monitor report released Wednesday shifted focus to jobs with the theme "Back to work: how fiscal policy can help."

This was the first Fiscal Monitor report since Gaspar Cheap Air Huarache , a former Portuguese finance minister, joined the IMF in early June.

While fiscal policy cannot substitute for comprehensive reform, it can work in tandem with broader structural reform efforts to support job creation, said the report, which is published twice a year to track public finance around the world.

The report also said the average debt-to-GDP ratio in advanced economies is still expected to exceed 100 percent at the end of the decade Air Huarache Sale , though fiscal efforts in the last five years have stabilized that ratio.

"Given the challenges associated with this weakening recovery, the possibility of lower potential growth going forward, and very low inflationary rates in some regions of the world, in order to ensure reducing public debt-to-GDP ratio to safer levels, we need smart fiscal policy Air Huarache All Red ," Gaspar said.

"Smart fiscal policy reconciles the need to lower the public debt-to-GDP ratio to safer levels in the medium and long term with the need to support jobs and growth. And smart fiscal policy is very much friendly to structural reform and it ensures sufficient space for efficient public investment," he added.

Gaspar said fiscal policies and structural issues will be very much intertwined in the next many years. "Just to think about issues like demographic changes, climate change, issues to do with structural public expenditures, tax policy Air Huarache All White , budgetary procedures. ... All these topics are simultaneously fiscal and structural."

In terms of China, Gaspar said that the country faces the challenge of persisting in a sustainable growth path and that there has been welcome progress in the implementation of reform in the fiscal area.

For example, China's new Budget Law, which will enter into force in January next year, introduced multi-year budgeting and imposed greater discipline of local government finances Air Huarache All Black , he said.

"It increases fiscal transparency and the quality of information which is available in China and elsewhere. It does provide a framework for financial control at all levels of government," Gaspar said.

Gaspar proposed cuts in payroll taxes and improvement in pension and health benefits. "This could be combined with reform of the social security system, improvement in the tax system, and cuts in lower-priority spending," he said.

LONDON Air Huarache Blue , July 3 (Xinhua) -- Five-time champion Venus Williamsfought off tenacious challenge from debutante Elise Mertens ofBelgium to win the first round match at Wimbledon here onMonday.

The 37-year-old Williams, who won here for the last time in2008, took one hour and 40 minutes to win 7-6 (7), 6-4. The formerworld No. 1 will next play China's world No. 55 Wang Qiang.

The match was interrupted by rain when Williams led 5-3 in thesecond set. Mertens, 20 Air Huarache Red , managed to hold her serve to put it 4-5before Williams served for the victory. Enditem

LONDON, March 6 (Xinhua) -- Mayor Sadiq Khan gave his approval Monday to Chelsea's new 612 million U.S. dollar stadium, saying the venue would become a jewel in London's sporting crown.

The new stadium is to be built on the site of Chelsea's current home in the British capital, Stamford Bridge. It has been designed by architects Herzog and de Meuron, who also designed the iconic Birds Nest Olympic stadium in Beijing and the widely acclaimed Allianz Arena in Munich.

The mayor's office said the plans approved by Khan will see current English premier league leaders Chelsea's match-day capacity increase from 41,600 to 60,000. The project will include the construction of an elevated walkway over the nearby London Underground's District Line, directly linking the stadium to Fulham Broadway station.

Khan said he was satisfied the new stadium was a 'high-quality and spectacular design' which would significantly boost capacity for the Premier League club.

A statement from city hall said the mayor's decision builds on Khan's support for London football, including his move to give the green light to a new stadium for AFC Wimbledon, which sees the 'Dons' set to return to their Plough Lane home nearly three decades after leaving it in 1991. Khan has also made it clear he 'wholeheartedly supports' Millwall FC remaining in Lewisham.

Chelsea's proposal was approved unanimously by Hammersmith and Fulham Council's planning committee in January.

The club's application also includes an investment of 15 million U.S.dollars in community activities, such as employment and skills training, as well as a contribution of nearly 5 million dollars towards affordable housing in the local area.

Mayor Khan, said: "London is one of the world's greatest sporting cities and I'm delighted that we will soon add C.

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