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8 Mar 21
Kenya’s credit rating has been downgraded by ratings agency Standard & Poor's, despite the country having recently agreed a deal with the International Monetary Fund aimed at reducing its debt...
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5 Mar 21
Negative interest rates achieved their desired effects of boosting growth and inflation, and are likely to continue being a policy option for central banks, a report from the IMF has said.
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23 Feb 21
The head of Myanmar’s military government has told his officials they need to take action to revive the country’s struggling economy, state media has reported.
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12 Feb 21
The Rwandan economy has fallen into its first recession in more than 25 years, with the World Bank warning it risks years of gains in poverty reduction.
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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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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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24 Nov 20
The Asian Development Bank has approved a $600m loan to Indonesia for the expansion of electricity access in nine provinces.
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24 Nov 20
Arab countries’ disproportionate reliance on the sectors hit hardest by Covid-19 means they must continue their economic investment to avoid deepening the crisis, the IMF has said.
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20 Nov 20
Germany should not let its rising debt stop it from taking “vigorous policy action” to mitigate the economic effects of Covid-19, the IMF has said after a visit to the country.
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17 Nov 20
Saudi Arabia’s sovereign wealth fund will inject 150bn riyals (£30bn) into the Kingdom’s economy in 2021 to help spur its recovery from low oil revenues and Covid-19, the country’s crown prince has...
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28 Oct 20
Measures protecting jobs in Europe saved the continent from an even worse recession during the pandemic, the IMF has said, while warning that support should not be withdrawn prematurely.
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14 Oct 20
The global recession caused by Covid-19 will not be as bad as initially feared, but “tremendous uncertainty” remains, the IMF’s top economist has said.
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9 Oct 20
The US will need to confront several policy challenges with “wide-ranging credit impact” over the next four years, ratings agency Moody’s has said as presidential candidates Donald Trump and Joe...
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9 Oct 20
Richer countries need to increase public investment to revive the global economy from its worst crash in recent times, the IMF has said.
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7 Sep 20
The Netherlands is launching a national growth fund to help boost the country’s future prosperity and fortify the economy against future downturns.
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9 Jun 20
The Covid-19 pandemic is set to push the global economy into the worst recession since the end of the Second World War, according to a report from the World Bank.
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30 Mar 20
Governments need to take “stronger, more coordinated measures” to absorb the economic impact of the coronavirus pandemic, the OECD has said, predicting each month of lockdown will knock two...
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18 Mar 20
The economic impact of the escalating coronavirus pandemic is “much worse than feared”, and the world economy is probably already in a recession, according to ratings agency Standard & Poor’s...
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13 Mar 20
Sudan faces “daunting” challenges to its economy as the government tries to reform the country after decades under a dictatorship, the IMF has warned.
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6 Mar 20
Power cuts and poor performance by the state-owned power company Eskom are “killing the economy” of South Africa, an economist has told PFF after the country entered its second recession in two years.
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4 Mar 20
Fears of the coronavirus outbreak hitting the economy have caused the US Federal Reserve to slash interest rates in the biggest single cut since the last financial crisis.
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2 Mar 20
Coronavirus could push a number of nations into a recession under a worst case scenario outlined by the Organisation for Economic Co-operation and Development.
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25 Feb 20
The coronavirus epidemic is having a noticeable impact on the global economy, IMF managing director Kristalina Georgieva has warned.
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25 Feb 20
Biodiversity is “fundamental” for sustainable development, a top UN official has said.