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21 Mar 23
The devastation caused by last month’s earthquakes in Turkey have led the European Union lending arm to override its years-long ban on providing finance to the country.
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21 Feb 23
The US government has pledged to send $100m of additional aid to Turkey, after the country was hit by devastating earthquakes.
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16 Feb 23
Donations from European nations have ended a three-decade long battle to clear Somalia’s debt arrears with a United Nations development group, paving the way for new support.
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7 Feb 23
Rescue and aid efforts have been mobilised in Turkey and Syria following devastating earthquakes.
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9 Jan 23
The Pakistani government has revealed it will need around $8bn to help rebuild the country following a summer of devastating floods.
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22 Nov 22
Countries that suffer from climate change related natural disasters will be able to benefit from “loss and damage” funding after the COP27 conference agreed to set up a new global support mechanism.
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14 Feb 22
Lebanon’s crisis is so deeply rooted the country needs “a comprehensive social, economic and financial reform programme” to return to stability, the International Monetary Fund has warned.
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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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21 Sep 21
A group of Lebanon’s international creditors has called for the new government to begin the debt restructuring process swiftly and to start talks with the International Monetary Fund.
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16 Sep 21
The EU’s oversight of the five countries it gave financial support to in the wake of the 2008 global financial crisis “needs streamlining” according to the bloc’s fiscal watchdog.
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8 Sep 21
Farm and meat-packing workers in the US will receive grants of up to $600 in recognition of costs many bore during the pandemic.
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1 Sep 21
Israel’s state comptroller has criticised former prime minister Benjamin Netanyahu’s management of the Covid-19 crisis, including the nation’s inability to set a national budget.
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24 Aug 21
The largest ever allocation of the International Monetary Fund’s Special Drawing Rights has come into effect, effectively boosting member governments’ reserves to increase liquidity during the...
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10 Aug 21
The Greek government has allocated half a billion euros to help rebuild communities and woodland areas after wildfires devasted the nation.
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10 Aug 21
Finance ministers have been urged to take note of a stark new report showing the world is running out of time to limit global warming, and shift their focus towards cutting emissions to zero.
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5 Aug 21
A United Nations conference this week saw $370m donated to Lebanon, a year after an explosion tore through its capital city – but attendees warned the struggling country it must implement...
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22 Jul 21
The German government has allocated an initial €200m to help with immediate assistance to regions affected by recent floods.
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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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27 Apr 21
Portugal has become the first European Union member to officially submit its final Covid-19 recovery plan to Brussels, as the bloc’s pandemic rescue fund inches closer to fruition.
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26 Apr 21
A “perfect storm” of crises has left small island developing states in desperate need of financial help, a top United Nations official has warned.
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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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17 Mar 21
Governments are failing to ‘build back better’ from Covid-19, with just 18% of recovery spending going on ‘green' projects, a group of academics and the United Nations has said.
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11 Mar 21
Joe Biden’s $1.9trn stimulus package has been approved by the US Congress, in a move predicted to boost the world economy during the recovery from Covid-19 and support some of the country’s poorest...
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11 Mar 21
Pre-arranged agreements, including public-private partnerships, are “key strategies” to help repair infrastructure in the wake of disasters, according to a World Bank Group study of the 2011...
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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.