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6 Jan 22
Former South African president Jacob Zuma was under “considerable influence” from private bodies during his tenure, leading to rampant corruption, according to the preliminary findings of a landmark...
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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
High oil prices will next year allow Saudi Arabia to post its first budget surplus since 2013, according to the government.
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9 Dec 21
Malawi’s former finance minister and ex-central bank governor have been arrested amid allegations of providing incorrect financial information to the International Monetary Fund.
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7 Dec 21
Managing debt levels and drawing in new finance will be key to funding Africa’s recovery from Covid-19, according to experts.
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3 Dec 21
Turkey’s finance minister has left his job in the midst of a sharply declining lira and steadfastly high inflation, and will be replaced by his deputy who one week ago defended the country’s...
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2 Dec 21
Some countries’ post-COP26 plans to end financing for natural gas exploration would only serve to increase the “injustice” felt by Africa, the president of Senegal has told a summit.
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24 Nov 21
The Ghanaian government faces criticism for having not taken advantage of a scheme that could have paused its debt repayments amid Covid-19.
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16 Nov 21
The Lebanese government has not responded with enough urgency to tackle the economic crisis which has engulfed the nation, according to a United Nations envoy.
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12 Nov 21
South Africa’s finance minister has signalled that he will not boost welfare spending in next year’s budget despite recognising the part inequality played in devastating riots several months ago.
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10 Nov 21
The Ivorian government has pledged increased investment in schools, hospitals, and jobs in the northern territory of the nation, to give alternatives to extremism.
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8 Nov 21
Eliminating tax avoidance in sub-Saharan Africa’s mining sector would leave the region better able to support its population, particularly into the economic recovery from Covid-19, a top...
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8 Nov 21
A United Nations short-term lending facility aimed at reducing Africa’s borrowing costs could save governments billions of dollars in interest payments, according to officials.
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3 Nov 21
South Africa will receive $8.5bn from some of the world’s most advanced economies to help transition away from coal power and meet its climate commitments.
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3 Nov 21
The Bank of Israel has urged the country’s parliament to pass the state budget before a looming deadline after which the government would collapse and need new elections.
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1 Nov 21
The Namibian government will establish a sovereign wealth fund by the end of this year, aimed at creating a stable economy and leaving resources behind for future generations once finite natural...
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27 Oct 21
A military coup in Sudan has led to the US withdrawing significant amounts of aid, with the European Union reviewing its position.
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25 Oct 21
Nigeria’s new digital currency is expected to increase tax takings and drive economic growth, the country’s president has said.
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20 Oct 21
A Swiss bank which made "tainted loans" for government projects in Mozambique has been fined $475m by UK and US authorities over "serious financial crime", and will also write off $200m of debt owed...
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15 Oct 21
The Algerian government wants to reform its expensive system of subsidies next year as it tries to cut its deficit.
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14 Oct 21
The G20 must “urgently” compel private sector lenders to commit to restructuring deals for the debts of crisis-hit countries, according to a debt campaigning organisation.
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6 Oct 21
South Africa’s national bank has signalled that inflation risks mean that it is likely to raise interest rates.
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5 Oct 21
Lebanon has announced the resumption of talks with the International Monetary Fund on funding, following the formation of a new government.
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1 Oct 21
The Saudi Arabian government has forecast a budget surplus from 2023, as recovering oil prices has seen revenues rise.
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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.