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22 Sep 16
The United Nations has warned of growing fears of a fresh sovereign debt crisis as poorer states that borrowed heavily in good economic times struggle to weather lower levels of growth.
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22 Sep 16
Iraq’s parliament has voted to sack the country’s finance minister after he was questioned over corruption allegations last month.
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21 Sep 16
The world economy is set to remain in a “low growth trap”, the OECD has warned in its interim Economic Outlook.
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19 Sep 16
Corruption must be tackled in order to bridge the “trust divide” between the public and the world’s institutions, International Monetary Fund managing director Christine Lagarde has said.
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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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16 Sep 16
The president of Mozambique will work with the International Monetary Fund to set the terms of an international audit on the country’s public debt, the fund announced today.
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15 Sep 16
Ukraine has secured the release of a long-delayed, $1bn tranche of its $17.5bn International Monetary Fund bailout, despite falling short of some reform requirements and facing staunch opposition...
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13 Sep 16
International Monetary Fund managing director Christine Lagarde has called on governments to make globalisation more inclusive.
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12 Sep 16
Russia will vote against the release of the next tranche of an International Monetary Fund loan to Ukraine, the country’s finance minister Anton Siluanov said today.
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12 Sep 16
Greek prime minister Alexis Tsipras has said criticised international creditors for squabbling among themselves over potential debt relief for the country, which he claims is exacerbating its...
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12 Sep 16
International Monetary Fund managing director Christine Lagarde has said Laos must maintain “the momentum of fiscal consolidation” to safeguard its transition to a lower-middle income country.
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8 Sep 16
Angolan finance minister Armando Manuel has been sacked from his post after presiding over a two-year economic slump triggered by the collapse in oil prices.
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6 Sep 16
Greece looks set to have another €2.8bn in bailout funds frozen amid reports that its European creditors will withhold the cash for the rest of the year due to lack of progress with reforms.
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5 Sep 16
The G20 have vowed to make the most of flexible fiscal policy to boost sluggish global growth, as well as to strengthen economic governance through transparency and international tax collaboration.
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1 Sep 16
The International Monetary Fund has hinted today that another downgrade in global growth projections could be on the cards when it publishes its next economic outlook in October.
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1 Sep 16
The World Bank has launched its Special Drawing Rights-denominated bond programme, marking the first ever publicly issued SDR bond, and the bank’s inaugural issue on the Chinese market.
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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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31 Aug 16
A project to improve the quality of external sector statistics in Central and West Africa has been launched by the International Monetary Fund.
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31 Aug 16
The Nigerian economy has officially gone in to recession after figures published today showed a 2.06% contraction in the second quarter of 2016.
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24 Aug 16
The European Commission has weighed in on a Greek political row surrounding accusations that the former head of the country’s official statistics authority falsified official data, underpinning...
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23 Aug 16
The Jamaican authorities are continuing their “strong” implementation of the IMF’s requirements under the extended fund facility programme, it has been announced.
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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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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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16 Aug 16
A major Ukrainian effort to stem official corruption and thus unlock the next tranche of IMF bailout funds got off to a difficult start after campaigners highlighted systemic loopholes and condemned...
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15 Aug 16
The World Bank is the first entity to receive approval to issue bonds backed by the International Monetary Fund’s special drawing rights reserve asset in China.