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27 Sep 16
Saudi Arabia has announced sudden cuts to pay and perks for government employees as the oil-dependent kingdom struggles to balance the books and adjust to low commodity prices.
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23 Sep 16
The arm of the World Bank responsible for lending to the world’s poorest countries plans to tap into the capital markets to raise funds after securing a AAA credit rating.
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23 Sep 16
Anti-austerity policy reversals in Portugal are starting to rewind the country’s fragile economic recovery, according to the International Monetary Fund.
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23 Sep 16
Almost €400m of European Union investment into ports and maritime infrastructure within the bloc since 2000 has been wasted, according to the European Court of Auditors.
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23 Sep 16
Effective finance ministries around the world have four characteristics in common, while being well adapted to local institutional, political and cultural contexts. A global association could help...
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21 Sep 16
The European Bank for Reconstruction and Development has raised €350m ($391m) in the first round of fundraising for its debut Equity Participation Fund.
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20 Sep 16
The cost of decommissioning Soviet-era nuclear power plants in Lithuania, Bulgaria and Slovakia could balloon to €11.4bn ($12.7bn), the European Court of Auditors has warned.
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19 Sep 16
China could be heading toward a banking crisis as a huge credit binge puts the world’s second largest economy under pressure, a global financial watchdog has warned.
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15 Sep 16
Improved public management has helped keep Tanzania on track to hit 7.2% growth in 2016, according to the governor of the country’s central bank.
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13 Sep 16
Pre-accession assistance supplied by the European Union to the Western Balkans worth more than €1bn has been only “partly effective”, auditors have concluded, despite noteworthy efforts from the...
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9 Sep 16
The eurozone’s finance ministers have called on all euro area member states to actively use spending reviews to improve the quality of public finances.
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8 Sep 16
A plan to introduce surcharges on three of India’s most popular train routes from Friday has sparked uproar on social media.
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2 Sep 16
The €782m of EU aid intended to strengthen public administration in Moldova has had minimal effects, the European Court of Auditors has concluded.
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2 Sep 16
Malaysian prime minister Najib Razak is the mysterious unnamed official cited as a key figure in the billion-dollar looting of the country’s wealth fund, according to a senior member of his own...
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1 Sep 16
G20 leaders should champion stronger governance and public financial management following the upcoming summit in Hangzhou, China, according to the International Federation of Accountants.
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1 Sep 16
Ahead of this weekend’s G20 summit, the International Federation of Accountants is calling for a host of accounting issues to rise higher up the global agenda
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31 Aug 16
The World Bank has approved a $15m technical assistance project to help Ghana improve its public financial management, it was announced yesterday.
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23 Aug 16
The International Monetary Fund is re-evaluating Ghana’s economic performance before disbursing the next tranche of the country’s $918m financial aid programme after its parliament passed a law...
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19 Aug 16
The World Bank unveiled its new procurement framework in Sri Lanka yesterday, which it said will help countries make the most of their public spending, strengthen national policies and improve...
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19 Aug 16
Nigeria’s oil production is currently 640,000 barrels per day behind the amount needed to fund its record $30bn budget.
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18 Aug 16
Many of Zimbabwe’s local councils continue to operate budgets rejected by central government for allocating too much cash to salaries, according to an investigation by the country’s Financial Gazette...
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17 Aug 16
US municipal bond issuance fell by almost a third last month according to a new trend update released today.
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15 Aug 16
The International Monetary Fund has warned China to stem the unsustainable growth of indebtedness across its state-owned firms in its latest check up of the country’s economy, published on Friday.
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12 Aug 16
Uganda has slashed more than 5,500 ‘ghost workers’ from its civil service payroll as the country attempts to crack down on endemic graft.
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11 Aug 16
Egypt is set to benefit from a $12bn International Monetary Fund loan over the next three years after agreeing on a programme to support economic reforms, it was announced today.