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22 Jan 21
Indonesia will use a $500m loan from the World Bank announced this week to build its ability to financially respond to natural disasters, climate risks and health crises.
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15 Dec 20
The global debt crisis is making it difficult for development banks to help countries through the pandemic, with money going to creditors rather than public services, the World Bank’s managing...
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8 Dec 20
Devastating typhoons that hit the Philippines as it fought Covid-19 show the importance of preparing for natural disaster risks and climate change adaptation during the recovery, the World Bank has...
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8 Dec 20
Argentina will introduce a tax on the wealthiest 0.8% of its population to pay for its pandemic spending.
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19 Oct 20
Public bodies must not forget about climate change as they deal with the fallout of the pandemic, the Public Finance Live conference has been told.
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8 Oct 20
Extreme poverty is set to rise around the world for the first time in more than 20 years as Covid-19 continues to weigh on the global economy, the World Bank has warned.
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2 Oct 20
Muhammad Afnan Alam takes an in-depth look at the economic crisis that has engulfed Lebanon, that predates the Beirut explosion and even Covid-19.
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1 Oct 20
Hungary’s right-wing prime minister Viktor Orban has suggested his country will opt out of the European Union’s €750bn Covid-19 recovery fund in a row over democracy and the rule of law.
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25 Sep 20
The pandemic presents an opportunity for governments to engender a “green reboot” of the global economy, argues CIPFA’s chief economist Jeffrey Matsu.
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23 Sep 20
Zambia has asked to suspend debt service payments for six months to allow it to deal with the Covid-19 hit to its public finances.
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22 Sep 20
Covid-19 and lower yield from oil exports threatened to derail Angola’s efforts at economic recovery, but the IMF has lauded the government’s efforts to keep reforms on track.
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10 Sep 20
Asian countries have been urged to address the youth unemployment crisis caused by Covid-19, by using schemes such as wage subsidies and large-scale public employment programmes.
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2 Sep 20
The French Government has warned that Lebanon has eight weeks to outline its governmental reforms if it is to receive disaster relief following the explosion that rocked the nation’s capital Beirut...
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14 Aug 20
A $1trn impasse between the two main political parties is blocking the US government from agreeing its next tranche of Covid-19 stimulus.
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11 Aug 20
Egypt’s progress on economic reforms has stalled while it responds to Covid-19, leading the IMF to agree a $5.2bn package to help see the government through the crisis.
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7 Aug 20
Disaster relief to help Beirut rebuild after the blast killed at least 145 people and left 300,000 homeless will be conditional on Lebanon enacting anti-corruption reforms, French president Emmanuel...
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3 Aug 20
Southeast Asian governments have been urged to address the “fiscal termites” making it difficult to support their citizens through the economic crisis caused by Covid-19.
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23 Jul 20
South Africa has been granted its first ever crisis loan from the African Development Bank as it struggles against one of the world’s most serious outbreaks of Covid-19.
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21 Jul 20
The US response to Covid-19 has been particularly challenging for state and local governments, the IMF noted while examining the impact of the pandemic on the world’s largest economy.
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21 Jul 20
EU leaders have agreed a “massive” €750bn Covid-19 recovery package to help the 27 member states’ economies bounce back after the pandemic.
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17 Jul 20
Some coronavirus loans from the IMF are effectively being used to pay back loans from private lenders, without any of the money being used by the countries themselves to respond to the pandemic, a...
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14 Jul 20
European Commission plans for a post-pandemic recovery among the EU’s poorer members risk being misspent without greater direction from Brussels, the EU’s spending watchdog has warned.
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14 Jul 20
Urgent reforms could save the Algerian government $20bn by the end of the year, the country’s president has told ministers.
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9 Jul 20
Governments and organisations, including multilateral development banks, are funding tens of billions of dollars in development projects and programs to help countries respond to Covid-19. The...
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7 Jul 20
Indonesia’s government and central bank have agreed to a £32bn bond scheme to finance the country’s recovery efforts from the economic crisis caused by Covid-19.