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10 Jan 23
The BRICS group of countries should expand to include more members from the Global South, including many in Africa, South Africa’s ruling party has said as the government begins its year-long...
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8 Dec 22
Anti-graft investigators in Malaysia have opened a case looking at alleged “misappropriation” of 600bn ringgit (£112bn) of government spending.
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30 Nov 22
Weakened demand from key trading partners and higher interest rates will hinder Latin American economies next year, following stronger-than-expected growth in 2022, S&P Global has said.
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24 Aug 22
Prudent work on post-Covid recovery by Indonesia’s government has been praised by ratings analysts.
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15 Jul 22
A US Federal Reserve governor has stated his support for raising interest rates by 0.75 percentage points later this month, but did not rule out pushing for an even larger increase.
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12 Jul 22
The prime minister and president of Sri Lanka will resign after the country’s economic crisis led to months of protests.
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10 Jun 22
India’s high GDP growth following the initial shock from Covid-19 has helped boost confidence in the country’s public finances.
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27 May 22
A bailout deal between the International Monetary Fund and the crisis-hit Sri Lankan government appears to be close following two weeks of technical discussions between officials.
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17 May 22
A deal between South Africa and some of the world’s richest countries, hailed as a potential blueprint for future climate finance, is still under negotiation more than seven months after being...
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12 May 22
Pakistan has been urged to speed up its progress on reforms if it wants its economy to develop and recover from Covid-19.
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11 May 22
Governments unable to maintain the economic support they put in place amid Covid-19 to help their citizens deal with rising fuel and food prices face “inevitable” civil unrest, a report has suggested.
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28 Apr 22
South Africa’s ruling African National Congress party is reportedly looking to sell or close some of its state-owned enterprises after they were “destroyed” by a decade of corruption.
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20 Apr 22
The World Bank is drawing up plans for a $170m medium-term crisis package to tackle the fallout from the Ukrainian invasion, Covid-19 and climate change – but admitted its ability to deal with future...
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19 Apr 22
A record amount of sovereign debt held by banks in emerging economies puts poorer countries at risk of a “doom loop” leading to government defaults, according to IMF economists.
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4 Apr 22
Developing nations in Europe, the Middle East and Africa would be at greatest risk should inflation surges trigger stagflation in the global economy, according to ratings agency Fitch.
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1 Apr 22
Sustaining China’s unprecedented success in ending extreme poverty will need “vigorous measures” revitalising the country’s rural areas, the World Bank has said.
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23 Feb 22
The Mexican government’s finances have remained sound since the onset of Covid-19 but the government needs an “ambitious” set of reforms to cement the economic recovery, the OECD has said.
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9 Feb 22
The post-pandemic economic recovery should become less reliant on government spending, Indonesia’s finance minister has told an investment conference.
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25 Jan 22
Brazilian president Jair Bolsonaro has set aside some money in the country’s 2022 budget for public sector pay rises in some professions, amid threats of strikes.
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17 Jan 22
Turkey’s budget deficit reached a record high in December after a challenging month for the country’s currency was accompanied by rising prices.
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4 Jan 22
Sri Lankan finance minister Basil Rajapaksa has announced large economic relief measures amid rising food prices but remains determined the government will meet its debt obligations, despite rating...
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23 Dec 21
The International Monetary Fund’s $57bn agreement with Argentina failed to deal with the country’s structural problems, an internal investigation has found.
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3 Dec 21
Turkey’s finance minister has left his job in the midst of a sharply declining lira and steadfastly high inflation, and will be replaced by his deputy who one week ago defended the country’s...
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30 Nov 21
Improving Pakistan’s tax collection is the key to economic stability and reducing its reliance on foreign loans, prime minister Imran Khan has said.
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22 Nov 21
The International Monetary Fund will resume a $6bn programme with Pakistan it paused in April, following negotiations that took more than a month to complete.