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20 May 21
Covid-19 threatens decades of progress by African countries on towards becoming advanced economies, and world finance leaders have been warned the continent needs huge investment in the coming years.
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14 May 21
Finance ministries need to be at the forefront of the coordinated approach that governments need to take to deal with environmental challenges, a study has found.
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12 May 21
The widespread nature of the 'informal economy' in developing countries leaves governments with fewer resources with which to support the economic recovery from Covid-19, a World Bank study has found.
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7 May 21
Turkey’s central bank has kept its benchmark rate constant at 19% for a second time since the country’s president sacked the governor who raised the rate to that level.
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5 May 21
India’s second wave of Covid-19 could derail its previously strong economic recovery and damage its credit profile, ratings agency S&P Global has said.
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28 Apr 21
Developing economies in Asia could recover faster than expected from Covid-19 but some countries are likely to lag behind, the Asian Development Bank has said.
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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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15 Apr 21
The first meeting of Turkey’s monetary policy committee since president Recip Tayyip Erdogan sacked his previous central bank governor has frozen the country’s benchmark interest rate.
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14 Apr 21
Vietnam’s successful campaign to contain the spread of Covid-19 could lead to an upgrade to its credit rating, according to a ratings agency.
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7 Apr 21
Prospects for economic recovery vary starkly across regions and between countries despite the world economy emerging from the worst phase of the Covid-19 pandemic, the International Monetary Fund has...
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6 Apr 21
Around 25 countries – about one in eight – spent more on servicing debts in 2019 than on education, health and social protection combined, according to UNICEF.
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1 Apr 21
Private creditors are making big profits from lending to developing countries during Covid-19. With poorer governments left with less to spend on tackling the pandemic, the need for debt cancellation...
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1 Apr 21
Sudan has moved a step closer to accessing debt relief and finance from international institutions after handing over $335m to the USA to compensate terrorist attack victims.
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31 Mar 21
Growth rates for emerging economies will be better than first expected this year, as nations showed resilience in the face of Covid-19 restrictions, according to rating’s agency Standard and Poor’s.
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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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29 Mar 21
An impending debt crisis in developing countries will lead to “another lost decade” without decisive action, according to the head of the United Nations.
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24 Mar 21
Africa will need to be able to manufacture its own vaccines to speed up its economic recovery from the Covid-19 crisis, a United Nations panel has been told.
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24 Mar 21
The International Monetary Fund is preparing to expand its reserves for the first time since 2009 to help governments deal with the economic fallout of Covid-19.
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15 Mar 21
Africa needs large-scale debt relief in order to meet the challenges of Covid-19 as millions of people face being pushed into extreme poverty, the African Development Bank has warned.
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12 Mar 21
The Inter-American Development Bank has announced a first-of-its-kind instrument aimed at speeding up the rollout of Covid-19 vaccines in Latin America and the Caribbean by protecting manufacturers...
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25 Feb 21
Ghana has become the first country to receive Covid-19 vaccines from India as part of the Covax programme that aims to provide doses to developing countries.
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23 Feb 21
Education budgets are being slashed in poorer countries as governments struggle to deal with Covid-19, a report has found.
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26 Jan 21
More efficient energy policies could generate revenue worth around 1% of GDP for developing countries, the OECD has claimed.
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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 Jan 21
Alastair Swarbrick outlines the issues faced by developing countries embarking on public financial management reform.