The indictment of the Swiss bank Wegelin & Co. and several affiliated persons for conspiring to aid wealthy U.S. clients evade taxes, February 2012.
This report provides an assessment of the fiscal transparency practices of Switzerland against the requirements of the IMF Code of Good Practices on Fiscal Transparency (2007). The first part is a description of practices, prepared by IMF staff on the basis of discussions with the authorities and their responses to the fiscal transparency questionnaire, and drawing on other available information. The second part is an IMF staff commentary on fiscal transparency in Switzerland. The two appendices summarize the staff’s assessments, comment on the observance of good practices, and document the public availability of information.
Reliable weather information allows farmers to maximize their productivity and governments to implement preventative disaster management and effective public health measures. However, many of the world’s poorest people have no access to this basic, most valuable tool. An estimated 700 million poor people in rural Africa alone are negatively affected by this missed opportunity. This is especially worrisome given recent changes in weather patterns, due to climate change, which are compounding the problem by making traditional farming practices and indigenous knowledge obsolete, and increasing the frequency and intensity of severe weather.