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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.
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3 Nov 21
The Asian Development Bank has launched two multi-billion-dollar pilots aimed at the early retirement or repurposing of coal power plants, to help meet long-term climate goals.
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2 Nov 21
Indian prime minister Narendra Modi has called for improved finance opportunities to help address climate change, after the nation pledged to hit carbon neutrality by 2070.
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27 Sep 21
Turkey’s central bank has cut its benchmark policy rate despite inflation being so high that borrowing costs were already negative in real terms, a move that one economist said points to undue...
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24 Sep 21
Strong economic growth and higher-than-predicted revenue in recent months have been tipped to make South Africa’s fiscal goals easier to achieve.
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14 Sep 21
Malaysia’s cabinet wants to increase the government’s legal debt limit for the second time in two years, to allow it to continue to deal with the Covid-19 crisis.
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7 Sep 21
Egypt must find a way to reduce its debt servicing costs if it is to weather the potential shock of interest rates rising, its government has been warned.
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3 Sep 21
Economist Larry Summers has warned that “woke” central banking could be responsible for a new era of enduring high inflation in industrialised countries.
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13 Aug 21
Ballooning budget deficits in developing Asian countries have been tipped to slow their progress towards the United Nations’ 2030 development goals.
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9 Aug 21
New waves of Covid-19 have highlighted the urgency of getting more vaccine doses to people in the Asia Pacific region, the Asian Development Bank has said.
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6 Aug 21
Tito Mboweni has stepped down as South Africa’s finance minister in the wake of severe social unrest tipped to harm the country’s economic rebound from Covid-19.
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4 Aug 21
The International Monetary Fund has approved a new allocation of Special Drawing Rights, effectively topping up its member countries’ reserves as public finances continue to struggle against Covid-19.
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28 Jul 21
Violent civil unrest in South Africa risks harming the economic recovery from Covid-19 and threatens medium-term growth, according to rating agency S&P Global.
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15 Jul 21
An ongoing third wave of Covid-19 cases has caused the World Bank to lower its growth projections for Thailand, which it said needs to maintain its support for the most in need.
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30 Jun 21
Former South African president Jacob Zuma has been sentenced to 15 months in prison after failing to attend a corruption inquiry, fearing “significant damage to the rule of law” if he was not...
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28 Jun 21
Proposed reforms would reduce Indonesia's ‘tax gap’ to levels more in line with other countries, according to the country's finance minister.
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21 Jun 21
Expensive loans taken out by Russian regional governments will be replaced by long-term low-interest loans from the central government as president Vladimir Putin aims to bring the sector’s finances...
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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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10 Jun 21
Local governments in the Philippines will receive a share of all national taxes from 2022, when they will take on more responsibilities, the country’s president has confirmed.
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9 Jun 21
Indonesian public finances will rely heavily on the economic recovery from Covid-19 to get back on track, but ratings agency S&P Global said the government’s record is reassuring.
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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...