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25 Apr 23
Rising prices have squeezed take-home pay in most OECD countries because wages have not kept up and income tax thresholds were frozen.
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24 Apr 23
The United Nations has set out a roadmap for ensuring developing countries have access to the finance they need to deal with the impacts of climate change and make progress on their development.
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21 Apr 23
Reforms aimed at creating a more inclusive, networked and accountable governance system will leave nations better positioned to address current and future challenges, a United Nations body has said.
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17 Apr 23
A group of major economies has promised to expedite the transition to cleaner energy in a bid to meet targets to reach net zero carbon emissions by 2050.
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14 Apr 23
Support for refugees and others affected by the war in the Ukraine saw total foreign aid reach $200bn in a single year for the first time, researchers at the OECD have said.
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11 Apr 23
Recent interest rate hikes by central banks across the globe will likely be reversed once inflation subsides, economists at the International Monetary Fund have predicted.
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11 Apr 23
Debt payments are set to take up more government revenue in developing countries than at any point since 1998, researchers have found.
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3 Apr 23
Lower-income countries will be unable to meet their financing needs without urgent support from wealthier countries, IMF managing director Kristalina Georgieva has warned.
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31 Mar 23
Emerging economies are facing a challenging environment with inflation, high interest rates and low growth, and rating agency S&P Global has warned this will hurt their creditworthiness in the...
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28 Mar 23
The 2020s are looking like a “lost decade” with the maximum level of growth achievable without causing inflation falling to a 30-year low, the World Bank has suggested.
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24 Mar 23
Senior figures in Germany and the United States have urged the World Bank to adopt a “strong set of initial evolution reforms” aimed at driving climate finance.
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20 Mar 23
Insufficient and poorly targeted climate finance means the world is falling behind on action against global warming, a landmark report has stated.
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17 Mar 23
A “slightly more optimistic” global economic outlook should not be enough to keep central banks from raising interest rates, despite the harm it does both to households and developing countries, the...
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14 Mar 23
The removal of Covid-19 restrictions in China will boost global growth this year but concerns over inflation and high interest will limit growth, economists at Fitch have said.
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7 Mar 23
Rising service demand has been tipped to keep local and regional government borrowing high in the coming years compared with historical trends, despite it having fallen since the immediate aftermath...
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2 Mar 23
Setting an organisation’s culture affects transparency as well as the way ideas are challenged.
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27 Feb 23
An unusually strong US dollar combined with rising interest rates and high spending needs mean there is “no sign” of lower-income country debt recovering from its rapid rise since the onset of Covid-...
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24 Feb 23
Major central banks have been tipped to sell off $1trn of assets in both 2023 and 2024, partially reversing the jump in quantitative easing since the onset of Covid-19.
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20 Feb 23
The global agreement on minimum corporation tax rates is unlikely to raise large sums of money for low-income countries, and more work is needed to fix tax systems, the International Monetary Fund...
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10 Feb 23
The World Bank has launched the first tranche of its fund aimed at building resilience in developing nations in preparation for future pandemics.
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3 Feb 23
To tackle corruption, we need to focus on prevention rather than cure.
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2 Feb 23
Major central banks have continued to hike interest rates in a bid to tame inflation, which remains at multi-decade highs.
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27 Jan 23
The economic slowdown exacerbated by high inflation could undermine hard-won progress on sustainable development goals, the United Nations has said.
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19 Jan 23
The International Monetary Fund’s outlook for the global economy this year is less gloomy than before, owing to resilience in some important regions.
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16 Jan 23
The push for international corporation tax reform will be led by Manal Corwin, formerly of the US Treasury, who has been appointed as director of the OECD’s Centre for Tax Policy and Administration.