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17 Jan 17
Mozambique will miss a $60m interest payment on Irish-listed eurobonds due tomorrow, the country’s finance ministry has said.
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13 Jan 17
“Management weaknesses” in the European Commission have contributed to reducing the effectiveness of recent EU aid to Honduras, according to a report published yesterday by the European Court of...
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9 Jan 17
Minimum wages and pensions are to rise by 50% in Venezuela as part of government attempts to combat runaway inflation.
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6 Jan 17
The Greek government’s decision to pay out over €600m to the country’s pensioners in the form of a Christmas bonus shows up the weaknesses of its financial management system
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5 Jan 17
Substantial waste and poor outcomes in the world’s health systems could be alleviated by correcting mismatches in the way available resources are allocated, researchers have found.
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22 Dec 16
The world’s rapidly growing cities will need high quality financial management and new sources of revenue if they are invest in the high quality infrastructure needed to remain competitive, according...
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21 Dec 16
The Italian government is preparing to request €20bn from the country’s parliament in order to rescue Monte dei Paschi, the oldest surviving bank in the world.
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20 Dec 16
International Monetary Fund chief Christine Lagarde has been found guilty of negligence linked to the misuse of public funds during her time as French finance minister.
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16 Dec 16
Cities in developing countries can access green finance regardless of their creditworthiness, legal ability to issue bonds or the size of the project they want to fund, according to Climate Policy...
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16 Dec 16
Construction cartels and firms with links to organised crime could benefit from billions in European public money after winning contracts to build a pipeline carrying gas from Azerbaijan to Europe,...
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15 Dec 16
High public sector debt is a key risk to the performance of Malaysia’s economy, the International Monetary Fund warned as it welcomed plans to cut spending and hike certain taxes.
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8 Dec 16
The European Union’s support for improved financial management and governance in Ukraine has been only partially effective, and the limited results achieved so far remain “fragile”, the bloc’s...
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8 Dec 16
The Federation of European Accountants has rebranded as Accountancy Europe and elected a fresh leadership team to mark its 30th anniversary.
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8 Dec 16
It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
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28 Nov 16
Diverse systems, narrow focus and a lack of capacity or experience are some of the key challenges in developing financial management and harmonised accounting standards highlighted by speakers at the...
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21 Nov 16
Performance budgeting can be a useful tool if employed well, researchers have found, although doing this is complex, time consuming and may require a change of mindset.
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14 Nov 16
Egypt’s economic reforms have successfully secured a $12bn loan from the International Monetary Fund.
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14 Nov 16
Plans to increase the size of the fund underpinning the EU’s so-called Juncker Plan by €12bn are premature and not supported by evidence, the European Court of Auditors has argued.
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11 Nov 16
CIPFA has signed two Memorandums of Understanding to secure partnerships with other organisations that can help support stronger public financial management around the world.
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11 Nov 16
PEFA has been supporting effective PFM reform since 2005. After the launch of its upgraded framework earlier this year, where next for the world’s principal method of assessing PFM performance?
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9 Nov 16
Thousands of public sector workers have stormed Rio de Janeiro’s state assembly to protest against austerity plans imposed to try to deal with its financial crisis.
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9 Nov 16
Disgruntled Mozambique bondholders have formed a creditors' committee to prepare for an expected default and resist the government’s efforts to restructure its debt.
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7 Nov 16
The Turkish lira’s value plummeted to record lows on Friday amid a renewed crackdown on the country’s main pro-Kurdish party.
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4 Nov 16
Sudan has raised fuel prices by around 30% as a severe shortage of foreign currency adds to a growing economic crisis in the country.
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26 Oct 16
Indonesia can expect GDP growth of 5.1% this year, thanks in part to its improved fiscal management, the World Bank has said.