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3 Feb 22
Pakistan will receive $1bn from a previously-stalled bailout package after the International Monetary Fund’s executive board agreed it had made sufficient progress on policy reforms.
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25 Jan 22
Brazilian president Jair Bolsonaro has set aside some money in the country’s 2022 budget for public sector pay rises in some professions, amid threats of strikes.
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17 Jan 22
Global investments by sovereign funds meeting environmental, social and governance standards more then trebled last year, as Covid-19 accelerated the move away from fossil fuels, according to experts...
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7 Jan 22
Regional authorities in Italy are expected to recover throughout this year, after central government support helped to cushion the impact of Covid-19, according to ratings agency Fitch.
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20 Dec 21
Poor public finance management systems hinder growth in African countries and risk causing governments electoral troubles – or even violent unrest – in the near future, an academic has warned.
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9 Dec 21
A behind-the-scenes process to tweak how GDP is calculated could blunt the measure’s ability to harm the environment.
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18 Nov 21
The credit outlook of local and regional governments outside the US still carry a negative outlook, despite many economies emerging from Covid-19, according to ratings agency S&P.
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12 Nov 21
The European Union has been told it should come up with “genuine reform” for its fiscal rules ahead of their reintroduction in 2023 following the Covid-19 economic crisis.
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9 Sep 21
US treasury secretary Janet Yellen has warned Congress the government could run out of cash in the next few weeks, urging lawmakers to raise the debt ceiling so she can borrow again.
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6 Sep 21
Greek officials have called for each European Union country to be given tailor-made debt targets, calling the current blanket fiscal rules “practically inapplicable”.
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3 Sep 21
Mexico’s new finance minister has confirmed that the government will continue to offer support to state-owned oil company Pemex, which is in billions of dollars of debt.
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1 Sep 21
South Korea is looking to create a “virtuous cycle” of public spending and economic growth, unveiling its 2022 budget which is set to take government debt over 50% of GDP for the first time.
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31 Aug 21
Austria’s finance minister has urged his European Union counterparts to reduce their high levels of spending as the economic rebound from Covid-19 continues.
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19 Aug 21
CIPFA worked with Bangladesh’s ministry of finance to bring the country’s public financial framework into the 21st century.
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19 Aug 21
Inflation related to Covid-19 recovery will pass quickly – but demographic changes mean there is a need to prepare for a longer-term rise, says Manoj Pradhan.
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18 Aug 21
Increased debt in many economies resulting from the Covid-19 pandemic may lead to increased financial risks in the future, according to ratings agency Fitch.
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18 Aug 21
New Zealand’s central bank has decided against a widely-expected rise in interest rates due to new restrictions to combat a new Covid-19 infection.
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10 Aug 21
The budget unveiled by Democrats in the US Senate contains $3.5trn of spending but fails to address the controversial issue of the government’s debt limit.
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5 Aug 21
Falling oil revenues amid Covid-19 reemphasises the need for Gulf Cooperation Council countries to diversify their economies to spread risk, according to a report by World Bank economists.
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3 Aug 21
Treasury secretary Janet Yellen has begun steps to prevent the US federal government borrowing above its legal limit, which came back into force on Sunday after a two-year suspension.
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30 Jul 21
European Union fiscal rules need to allow for stronger public investment to drive growth in the coming years, the European Commission’s economics leader has said.
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23 Jul 21
Bulgaria is set to use most of its unexpectedly high revenue to increase state pensions and prepare for future waves of Covid-19 rather than run a much smaller deficit, the country’s finance minister...
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30 Jun 21
Officials are critical to driving financial management improvement projects within government because politicians often lose interest, or move to other jobs before they are complete, according to...
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30 Jun 21
Public assets such as infrastructure are at greater risk of falling into disrepair if the government that owns them uses cash accounting, a conference has been told.
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28 Jun 21
China’s zero tolerance approach to curbing Covid-19 outbreaks has benefitted the nation’s economy recovery from the pandemic, according to ratings agency Fitch.