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17 Feb 22
A Polish and Hungarian legal challenge against the European Union has failed, allowing the bloc to withhold billions of euros of funding if member countries fail to meet democratic standards.
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7 Feb 22
Poland has started to row back on some of its actions that have angered the European Commission and held up billions of euros of Covid-19 recovery funds.
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4 Feb 22
The re-election of Sergio Mattarella as Italian president has been tipped by a ratings agency to help keep the country stable and increase the chances of unlocking EU Covid-19 recovery funding.
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3 Feb 22
El Salvador has rejected calls by the IMF to halt plans to use Bitcoin as legal tender.
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25 Jan 22
Lebanon’s elite have caused “long-lasting scars” on the country’s economy by causing a protracted political and economic crisis, according to a highly critical World Bank report.
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20 Dec 21
The International Monetary Fund office in Brazil will close next year after the country’s finance minister criticised the fund for making “wrong predictions” about the economy.
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20 Dec 21
Poor public finance management systems hinder growth in African countries and risk causing governments electoral troubles – or even violent unrest – in the near future, an academic has warned.
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13 Dec 21
Poland’s justice minister has said the government could halt contributions to the European Union budget if officials in Brussels cut funding for Warsaw amid a battle over the rule of law.
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30 Nov 21
The Australian government brought forward next year’s budget by two months in a move suggesting it will call an election in May, right at the end of its term limit.
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22 Oct 21
Poland risks missing out on funding from the European Union after a court ruled national law takes precedence over those made in Brussels.
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18 Oct 21
Poland’s constitutional court ruling that Polish law takes precedence over EU laws has “meaningful risks to growth and governance” in the eastern European country, according to rating agency Fitch.
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12 Oct 21
Kristalina Georgieva has the “full confidence” of the International Monetary Fund’s executive board despite an investigation alleging she worked to artificially improve influential data in China’s...
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1 Oct 21
New South Wales premier Gladys Berejiklian has resigned after corruption investigators announced they were looking into whether she had acted dishonestly regarding public grant funding.
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30 Sep 21
Governance and transparency reforms in the Republic of Congo would allow the government access to “much-needed financing”, according to the International Monetary Fund.
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28 Sep 21
A data scandal involving International Monetary Fund managing director Kristalina Georgieva threatens the credibility of the Bretton Woods system, according to US senators.
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22 Sep 21
Rapid growth in green bond values could represent a boom similar to the dotcom and sub-prime mortgage bubbles that burst in recent years, according to a global central banking institution.
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14 Sep 21
Transparency rules, digitalisation and a code of conduct for officials sit at the heart of measures to strengthen government procurement processes, writes Ljupco Nikolovski, deputy prime minister of...
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2 Sep 21
The US government lost more than $90bn of its emergency pandemic aid to fraud and error, a watchdog’s report has found.
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1 Sep 21
El Salvador’s legislative assembly has voted to create a $150m trust to help smooth the introduction of Bitcoin as an official currency next week.
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31 Aug 21
Solutions to fixing public procurement already exist – the challenge lies in the political will of governments to implement them.
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24 Aug 21
Monetary policymakers are taking the idea of digital cash seriously, with potentially big implications for public money managers.
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16 Aug 21
Lebanese leaders are growing increasingly tense after its central bank decided to end fuel subsidies, raising prices amid an economic crisis already pushing many people into poverty.
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10 Aug 21
Finance ministers have been urged to take note of a stark new report showing the world is running out of time to limit global warming, and shift their focus towards cutting emissions to zero.
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29 Jul 21
US president Joe Biden has said he will strengthen the rules governing the federal government’s $600bn of procurement spending each year in a bid to boost domestic manufacturing.
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23 Jul 21
Sustainability considerations are becoming increasingly important for government investors, taking their place alongside traditional priorities such as return and stability, a report has found.