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18 May 21
Slow progress on a debt treatment deal has led to Ethiopia’s credit rating being downgraded as private sector lenders look increasingly likely to lose money.
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17 May 21
Ghana will need to focus on deeper fiscal efforts to help reduce debt costs, which increased due to Covid-19 support measures, an International Monetary Fund chief said.
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17 May 21
Increasing violence in Israel risks harming the country’s outlook and tensions could make it difficult for authorities to form a government and pass a budget, ratings agencies have warned.
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11 May 21
Vaccines should be seen as a “global public good” during the Covid-19 crisis and intellectual property rights should be waived so developing countries can afford them, South Africa’s president has...
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11 May 21
Egypt’s draft budget for 2021-22 will continue to drive financial and economic reforms, which are “critical” to reducing its high debt burden over the medium term, according to rating’s agency Fitch...
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7 May 21
Turkey’s central bank has kept its benchmark rate constant at 19% for a second time since the country’s president sacked the governor who raised the rate to that level.
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7 May 21
Qatar’s finance minister has been arrested amid allegations of misuse of public funds.
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4 May 21
Tanzania’s president has cut income tax to help workers deal with the economic effects of Covid-19 but refused to increase public sector pay, which has remained static for nearly six years.
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21 Apr 21
The Democratic Republic of Congo is seeking more than $4bn in damages from Uganda, whose military spent five years in conflict in the neighbouring country.
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21 Apr 21
Politicians in Nigeria’s major financial centre have set up an anti-corruption agency to investigate officials and contractors suspected of misusing public funds.
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15 Apr 21
The first meeting of Turkey’s monetary policy committee since president Recip Tayyip Erdogan sacked his previous central bank governor has frozen the country’s benchmark interest rate.
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14 Apr 21
A petition by 200,000 Kenyans is calling on the International Monetary Fund to stop lending their government money, forcing a minister to defend a $2.34bn funding deal signed on 3 April
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12 Apr 21
The International Monetary Fund has revised up the growth forecast for the Middle East and North Africa region in 2021 by 0.8 percentage points.
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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...