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26 Apr 21
A “perfect storm” of crises has left small island developing states in desperate need of financial help, a top United Nations official has warned.
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23 Apr 21
Opposition politicians in Venezuela will use $100m of money frozen in the United States to buy Covid-19 vaccines in the face of the country’s slow rollout of jabs.
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20 Apr 21
Proposed tax reforms will be critical to ensuring Colombia’s debt levels are stabilised in the medium-term, according to ratings agency Fitch.
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14 Apr 21
Ecuador’s election winner Guillermo Lasso has said he will revive the country’s struggling economy by eliminating the deficit within his term.
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31 Mar 21
The world’s 69 poorest countries will need to spend $450bn by 2025 to respond to Covid-19 and accelerate their income convergence with advanced economies, the IMF has said.
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29 Mar 21
Latin American nations will record the slowest Covid-19 recovery of developing economies, due to legacy structural economic weaknesses, according to rating’s agency Standard and Poor’s.
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29 Mar 21
About 1.3 million people could become exempt from income tax in Argentina in a move lawmakers say will boost the country’s sluggish economy.
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24 Mar 21
Argentina has entered into its third successive year of recession, as the impact of Covid-19 saw its GDP contract by almost 10% last year, according to its national statistics agency.
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22 Mar 21
Emergency cash transfers to vulnerable Brazilians will stop in four months’ time because there is “no money” to continue the scheme, one of the president’s advisers has said.
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22 Mar 21
Weak growth will hamper many economies in the Americas in the coming years without fiscal and institutional reforms, the region’s largest multilateral bank has warned.
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12 Mar 21
The Inter-American Development Bank has announced a first-of-its-kind instrument aimed at speeding up the rollout of Covid-19 vaccines in Latin America and the Caribbean by protecting manufacturers...
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26 Feb 21
Mexico’s state auditor has backtracked on its findings about the president’s decision to halt building work on an airport, after previously saying it would cost three-times the government’s estimate.
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19 Feb 21
Bolivia’s central bank has returned a loan of nearly $350m plus interest to the International Monetary Fund, claiming it had been improperly negotiated by the previous government.
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18 Feb 21
Several countries in Latin America “will find it challenging” to reduce their deficit enough to get their debt back on a sustainable footing, according to ratings agency Fitch.
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26 Jan 21
More efficient energy policies could generate revenue worth around 1% of GDP for developing countries, the OECD has claimed.
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19 Jan 21
Allegations of widespread corruption in the British Virgin Islands have led to a formal inquiry being set up to investigate the problem.
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18 Dec 20
Regulatory reforms are needed in Brazil to help with its economic recovery from Covid-19, after the pandemic plunged the nation into a deep recession, the OECD has said.
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8 Dec 20
Argentina will introduce a tax on the wealthiest 0.8% of its population to pay for its pandemic spending.
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12 Nov 20
The potential benefits of speedy Covid-19 vaccine purchases outweigh the significant public investment required and the risk of failures, the Inter-American Development Bank has said.
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2 Nov 20
An additional three million people are to benefit from Brazil’s basic income scheme after the World Bank approved $1bn to expand the programme to better support people affected by the pandemic.
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24 Sep 20
A fund to guarantee countries’ ability to access food and health products as they experience an economic blockade has been mooted by Venezuelan president Nicolás Maduro.
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17 Sep 20
Public financial management is vital for the long-term sustainability of public services, explains CIPFA’s head of international relations Salema Hafiz, and coming together as a profession to...
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21 Aug 20
A £16bn pay rise for Brazilian civil servants has been blocked by the president and the government’s lower house, amid the country’s public finances suffering because of Covid-19.
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6 Jul 20
Sovereign wealth and pension funds should seek investments that couple financial returns with societal and environmental benefits, researchers from the Inter-American Development Bank have argued.
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26 May 20
Argentina has defaulted on its debts for the third time since the year 2000, and the president has said he will not enter any restructuring agreement with creditors that delays the country’s economic...