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12 Apr 21
Undeserving private sector lenders could benefit from International Monetary Fund action aimed at helping poorer countries recover from Covid-19, a former deputy director of the fund has warned.
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1 Apr 21
Private creditors are making big profits from lending to developing countries during Covid-19. With poorer governments left with less to spend on tackling the pandemic, the need for debt cancellation...
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1 Apr 21
Sudan has moved a step closer to accessing debt relief and finance from international institutions after handing over $335m to the USA to compensate terrorist attack victims.
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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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30 Mar 21
Pakistan’s finance minister has been removed as part of prime minister Imran Khan’s drive to reduce inflation, according to the information minister.
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26 Mar 21
Borrowing by local and regional governments around the world is set to balloon by a third to $2.25trn this year – but credit ratings in developed countries are set to be unaffected, according to a...
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24 Mar 21
Africa will need to be able to manufacture its own vaccines to speed up its economic recovery from the Covid-19 crisis, a United Nations panel has been told.
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23 Mar 21
President Recep Tayyip Erdogan has unexpectedly fired the governor of Turkey’s central bank just three months into his term.
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22 Mar 21
Pakistan’s new micropayments system is set to speed up pay and pension payments for 2.7 million government employees, says Muhammed Afnan Alam.
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19 Mar 21
Lebanon’s only option for halting the country’s financial collapse is re-engaging with the International Monetary Fund, according to prime ministerial candidate Saad al-Hariri.
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15 Mar 21
Africa needs large-scale debt relief in order to meet the challenges of Covid-19 as millions of people face being pushed into extreme poverty, the African Development Bank has warned.
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8 Mar 21
Kenya’s credit rating has been downgraded by ratings agency Standard & Poor's, despite the country having recently agreed a deal with the International Monetary Fund aimed at reducing its debt...
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4 Mar 21
Political influence over national development banks harms their financial performance and encourages them to take too many risks, researchers have found.
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2 Mar 21
The international community has pledged less than half of what the United Nations said it needs to address the humanitarian crisis in Yemen, according to the organisation’s secretary-general António...
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25 Feb 21
Ghana has become the first country to receive Covid-19 vaccines from India as part of the Covax programme that aims to provide doses to developing countries.
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16 Feb 21
Companies seeking government contracts in Saudi Arabia will need to set up regional headquarters in the country by 2024, an official has said.
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16 Feb 21
Kenya is set to receive $2.4bn from the International Monetary Fund to enable its government to continue its economic response to the pandemic.
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12 Feb 21
The Rwandan economy has fallen into its first recession in more than 25 years, with the World Bank warning it risks years of gains in poverty reduction.
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8 Feb 21
Many public officials in South Africa abandoned procurement procedures amid the Covid-19 crisis, investigators have found while looking into corruption allegations.
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5 Feb 21
Covid-19 has led Ethiopia seeking relief on its large public debts as it tries to make fiscal space to deal with the crisis.
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4 Feb 21
A five-year programme aimed at building the capacity of Madagascar’s Court of Accounts has been unveiled in Antananarivo.
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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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8 Jan 21
Honorary CIPFA member and former head of the NAO’s International Relations and Technical Cooperation programme David Goldsworthy writes in response to a recent article, setting out that Iran must...
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7 Jan 21
More than one million Covid-19 vaccine doses will arrive in South Africa in the coming weeks, with the country seeking to inoculate its healthcare workers as they fight against the virus.
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5 Jan 21
Poverty in Iran could almost treble during the pandemic, the World Bank has said in its latest report into the Middle Eastern country’s economy.