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22 Jun 21
The International Monetary Fund will not give Zimbabwe any financial support despite the government having no arrears with the fund for almost five years.
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21 Jun 21
Continued over-reliance on oil has left Gulf Cooperation Council countries very exposed to shocks amid faltering diversification efforts, analysts have warned.
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15 Jun 21
Fiscal reforms Nigeria began during 2020 need to be completed to support the economic recovery from Covid-19, the World Bank has said.
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15 Jun 21
Kuwait’s central bank chief has said economic stability is “unattainable” without reforms to the oil-dependent, public-sector-dominated economy.
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14 Jun 21
Israel’s new coalition government offers a path to a new budget, which will be a credit positive to the nation, according to ratings agency Moody’s.
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11 Jun 21
A former South African finance minister has slammed Jacob Zuma, president between 2009 and 2018, for leaving the country weaker after working to undermine the power of the country's finance...
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7 Jun 21
Six years of fighting have devastated the Yemeni economy and left millions in need of humanitarian aid, and those problems have been exacerbated by Covid-19, an International Monetary Fund official...
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4 Jun 21
Better tax administration would help African countries adopt transformative social protection policies such as minimum income schemes to spur development and ensure nobody is left behind, a report...
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1 Jun 21
The Lebanese government’s deliberate inaction on imposing reforms has led to one of the greatest financial crises in the last two centuries, according to the World Bank Group.
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28 May 21
African countries have been urged to step up cooperation on tax to raise money needed to support their economies through the economic crisis caused by Covid-19.
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25 May 21
Restructuring Lebanon’s public debt could set off an economic “doom loop” with serious consequences for the Lebanese banks that hold the assets, a ratings agency has warned.
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20 May 21
Covid-19 threatens decades of progress by African countries on towards becoming advanced economies, and world finance leaders have been warned the continent needs huge investment in the coming years.
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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.