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29 Mar 21
An impending debt crisis in developing countries will lead to “another lost decade” without decisive action, according to the head of the United Nations.
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24 Mar 21
The economic disruption caused by Covid-19 will have a long-lasting impact on public finances and sovereign credit ratings, according to ratings agency Fitch.
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24 Mar 21
The International Monetary Fund is preparing to expand its reserves for the first time since 2009 to help governments deal with the economic fallout of Covid-19.
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19 Mar 21
Unabated global warming could lead to more than 60 countries having their credit ratings downgraded by the end of this decade, according to a study.
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18 Mar 21
Global GDP forecasts for 2021 have been revised up due to the “larger than expected” $1.9trn US stimulus package, according to rating’s agency Fitch.
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17 Mar 21
Governments are failing to ‘build back better’ from Covid-19, with just 18% of recovery spending going on ‘green' projects, a group of academics and the United Nations has said.
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16 Mar 21
Former Australian finance minister Mathias Cormann has been appointed as the next secretary general of the OECD.
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16 Mar 21
Vaccine nationalism not only threatens human health – it could deepen the financial damage caused by Covid-19, Kerry Lorimer explains.
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15 Mar 21
The United Nations Statistical Commission has adopted a framework for accounting for the value of nature when measuring the economy.
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12 Mar 21
Public authorities will continue to play a key role in maintaining the credit ratings of international banks as the sector will remain resilient despite pandemic risks, ratings agency Standard and...
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12 Mar 21
A short-term world economic crisis is unlikely, despite world debt spiralling to $201trn at the end of last year – equal to 267% of global GDP, according to ratings agency Standard and Poor’s.
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9 Mar 21
The world economy is expected to grow by 5.6% this year, 1.4 percentage points higher than expected in December, dependent on vaccination progress, according to the OECD.
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8 Mar 21
Two experts take opposing stances on the merits of a targeted tax on the rich, following a UK Commission finding a one-off wealth tax would help the country recover from the pandemic.
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5 Mar 21
Negative interest rates achieved their desired effects of boosting growth and inflation, and are likely to continue being a policy option for central banks, a report from the IMF has said.
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2 Mar 21
The billions of dollars governments lose to tax abuse, corruption and money laundering could be used to fight the global challenges of our age, a UN panel has said.
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2 Mar 21
Working backwards from plausible visions of the future can help public sector finance directors navigate uncertain times. Dr Trudi Lang and Rafael Ramirez from the University of Oxford’s Saïd...
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26 Feb 21
Counter fraud specialist Laura Hough explains the importance of taking a forward look at corruption risks an organisation faces, and of developing a culture that makes it easier to do the right thing.
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25 Feb 21
The world’s richest countries borrowed a record $18trn from the markets in 2020, an OECD report into Covid-19’s effect on debt has found.
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23 Feb 21
Education budgets are being slashed in poorer countries as governments struggle to deal with Covid-19, a report has found.
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19 Feb 21
Covid-19 led public debt to a record high in 2020, as governments borrowed three times as much as they did the previous year while trying to fight the virus.
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9 Feb 21
State-owned oil companies risk wasting $400bn on oil and gas projects that will only break even if the world fails to meet the Paris agreement climate goals, according to a report from an NGO.
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9 Feb 21
As the world looks ahead towards the end of the Covid-19 crisis, whenever that might come, it is time to reflect on the role taxes can play in rebuilding our economies, argue Pascal Saint-Amans and...
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29 Jan 21
The new US administration is likely to cooperate with other countries in finding a solution to the issues around international corporation tax, German finance minister Olaf Scholz has said.
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29 Jan 21
In the wake of Covid-19, central banks are once again asking whether cutting interest rates below zero could provide a lifeline to struggling economies. Lawrie Holmes investigates.
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26 Jan 21
Global defence spending reached $1.93trn in 2020, after rising continuously for the past seven years, but a “noticeable slowdown” could be on the way as governments deal with the fallout of Covid-19.