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12 Jan 21
Pakistan has launched a digital payment system it hopes will improve economic inclusion and increase its relatively miniscule tax collection.
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12 Jan 21
Lagging economic growth in China during the recovery from the Covid-19 pandemic could be resolved by shifting resources into areas such as the social safety net, the IMF has said.
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8 Jan 21
“Bold” policies adopted during 2020 to fight the health and economic effects of Covid-19 have prevented a protracted economic downturn in Indonesia, the IMF has said.
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7 Jan 21
More than one million Covid-19 vaccine doses will arrive in South Africa in the coming weeks, with the country seeking to inoculate its healthcare workers as they fight against the virus.
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5 Jan 21
Poverty in Iran could almost treble during the pandemic, the World Bank has said in its latest report into the Middle Eastern country’s economy.
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15 Dec 20
Malaysia’s parliament has narrowly passed its largest ever budget for 2021, in what is being seen as a confidence vote for the government.
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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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4 Dec 20
Reforms hoped to bring Lebanon back from a state of “bankruptcy” have been presented at a conference organised by the United Nations and French president Emmanuel Macron.
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23 Nov 20
Two ratings agencies have downgraded South Africa’s credit rating further into junk status, in a “painful” move that will increase the country’s borrowing costs and likely lead to spending cuts or...
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13 Nov 20
A framework to help highly indebted developing countries through the Covid-19 crisis has been agreed by G20 finance ministers, but campaigners have said it fails to create a permanent solution to the...
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13 Nov 20
Developing countries face a huge gap in the financing they would need this year to keep them on track for the 2030 Sustainable Development Goals, according to research from the OECD.
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12 Nov 20
The potential benefits of speedy Covid-19 vaccine purchases outweigh the significant public investment required and the risk of failures, the Inter-American Development Bank has said.
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6 Nov 20
The Malaysian government has presented an expansionary budget for 2021 as it attempts to steer its economy through the crisis caused by Covid-19.
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6 Nov 20
Climate finance sent to developing countries grew in 2018 but progress towards international goals remains too slow, the OECD has said.
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2 Nov 20
An additional three million people are to benefit from Brazil’s basic income scheme after the World Bank approved $1bn to expand the programme to better support people affected by the pandemic.
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29 Oct 20
Government debt is set to rise for the next five years in South Africa, but officials hope to keep public finances sustainable by slashing the deficit, the country’s finance minister said while...
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16 Oct 20
Infrastructure will be key to helping drag South Africa’s economy out of the crisis caused by Covid-19, the country’s president said while announcing an ambitious programme of spending.
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15 Oct 20
The South Sudanese government is preparing to take out a loan to inject money “into the market”, hoping to fight rampant inflation plaguing the economy.
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13 Oct 20
The world’s poorest countries were at risk of debt crises even before Covid-19, with their debts climbing to the highest ever levels in 2019.
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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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6 Oct 20
Some of the world’s poorest countries will continue to benefit from debt service relief for another six months, after the IMF extended its scheme.
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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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24 Sep 20
A fund to guarantee countries’ ability to access food and health products as they experience an economic blockade has been mooted by Venezuelan president Nicolás Maduro.
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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.