-
1 Feb 17
Argentina is set to increase the price of electricity by up to 90% as part of another subsidy cull, the country’s energy minister has announced.
-
31 Jan 17
Saudi Arabia is to implement a VAT in the kingdom for the first time in an effort to cut Riyadh’s budget deficit.
-
30 Jan 17
Greece faces an “explosive” surge in public debt by 2030, even with the relief measures promised by its European creditors, the International Monetary Fund has said.
-
25 Jan 17
Egypt has raised $4bn from its first public bond issuance since securing $12bn in aid from the International Monetary Fund, it was announced yesterday.
-
19 Jan 17
The European Commission has called on Italy to reduce its 2017 deficit by around €3.4bn ($3.64bn) to avoid potential sanctions for breaking European Union spending rules.
-
19 Jan 17
The International Monetary Fund has slashed Saudi Arabia’s 2017 growth forecast by 1.6 percentage points this week, as OPEC-agreed cuts to oil production weigh on the country’s already struggling...
-
21 Dec 16
Eurozone governments should start plugging a “wide and deep” gap in public investment gap by taking advantage of low interest rates, the European Commission has suggested.
-
20 Dec 16
Australia has increased its fiscal deficit forecasts for the next four years compared to May’s predictions, the most recent mid-year economic forecast has shown.
-
15 Dec 16
A constitutional amendment to freeze Brazil’s public spending for 20 years will take effect today, after being approved by parliament earlier this week.
-
14 Dec 16
The International Monetary Fund has congratulated Spain on an “impressive” economic recovery.
-
13 Dec 16
Claims the International Monetary Fund is demanding more austerity in Greece amount to ‘turning the truth upside down’, the fund has argued.
-
12 Dec 16
Brazil’s planned 20-year government spending freeze will breach citizens’ human rights, a United Nations expert has concluded.
-
8 Dec 16
It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
-
6 Dec 16
Eurozone finance ministers have agreed on short-term debt relief measures for Greece, but remain divided on the country’s fiscal targets and the reforms needed to reach them.
-
1 Dec 16
Ratings agency Fitch has applauded oil cartel OPEC’s deal to cut production for the first time since the financial crisis as a big step towards stabilising depressed prices, but only if producers can...
-
22 Nov 16
‘Aggressive’ reforms in public sector management and governance are needed in Asia-Pacific to mitigate the negative consequences of falling tax-to-GDP ratios, an Asian Development Bank governance...
-
14 Nov 16
Egypt’s economic reforms have successfully secured a $12bn loan from the International Monetary Fund.
-
14 Nov 16
Since taking office last year, Argentinean president Mauricio Macri has rocked the long-time socialist country with sweeping pro-market and for some, painful reforms. Where do his plans stand almost...
-
10 Nov 16
Public finances across the EU are set to continue improving in the coming years, the European Commission has predicted, despite another cut to growth forecasts.
-
8 Nov 16
Brazil’s federal government has frozen the accounts of the financially imperilled state of Rio de Janeiro and ordered it to repay millions of dollars in arrears.
-
3 Nov 16
The African Development Bank has approved a $600m loan in a bid to plug Nigeria’s gaping $7bn budget deficit.
-
10 Oct 16
The International Monetary Fund has slashed its budget deficit projections for oil-exporting countries in the Middle East and North Africa over the next five years, by over $230bn.
-
5 Oct 16
Nigerian president Mohammadu Buhari is planning to outdo his government’s record 2016 spending next year, according to budget proposals sent to the country’s parliament for approval.
-
30 Sep 16
The International Monetary Fund has completed its first health check of the Argentinean economy in a decade, marking an end to years of distrust between Argentina and the fund.
-
30 Sep 16
Brazil should pursue tougher austerity policies to bridge its substantial fiscal gap and pull its economy out of a painful recession, according to the International Monetary Fund.