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3 May 18
The International Monetary Fund has approved a $191m loan for Ghana to help it restore debt sustainability and protect social spending in the country.
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3 May 18
Greek’s public finances have “markedly strengthened” but public administration is still facing challenges, the OECD has said.
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24 Apr 18
The US Federal Reserve’s decision to raise rates to a 10-year high has significant impacts on African countries seeking to finance development, says Fiona Robertson of the ONE Campaign.
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5 Apr 18
Italy’s statistics bureau ISTAT has increased its assessment of the country’s 2017 budget deficit to 2.3% of gross domestic product.
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21 Mar 18
Developing country debt payments have increased by 60% in three years, marking the highest level since 2004, figures have revealed.
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21 Feb 18
South Africa has increased its value added tax for the first time in 25 years, from 14% to 15% from 1 April, as part of efforts to cut the budget deficit.
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28 Nov 17
South African president Jacob Zuma has asked the minister of finance to identify measures to “urgently” address economic challenges, the president’s office said yesterday. ...
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24 Nov 17
Barbados should cut spending or risk its debt problems rising, according to the International Monetary Fund.
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14 Nov 17
Venezuela has been declared in default after missing interest payments on its $60bn bond debt.
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9 Nov 17
Puerto Rico is pushing for an “unprecedented” amount of funding and assistance from the US government to help it recover from the September hurricanes, an official has said.
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18 Oct 17
Stronger public financial management is key if the Guinea government is to better support its investments, the IMF has said.
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22 Sep 17
Rating agency Standard & Poor’s has downgraded China’s credit rating due rising debt, which has exposed the country to increased economic and financial risk.
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19 Sep 17
Egypt will face a $10-12bn budget shortfall for the current 2017-18 fiscal year and plans to issue further foreign debt to overcome it, the country’s finance minister has said.
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22 Aug 17
Bahrain urgently requires an additional sizable and frontloaded fiscal adjustment to reduce its large fiscal and external financing needs, the International Monetary Fund has said.
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21 Aug 17
The World Bank has signed a zero-interest $200m credit with Myanmar to help with programmes that include better public debt management, increased tax collection and stronger public finance management.
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20 Jun 17
Argentina has issued a surprise 100-year bond, raising $2.75bn and prompting $9.75bn in orders from investors with apparently large appetite for Argentine debt.
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19 Jun 17
Public spending to support the Japanese economy should continue beyond 2018 in order to maintain growth, the International Monetary Fund has recommended.
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16 Jun 17
Critical bailout funds for Greece have been agreed at the eleventh hour after months of wrangling amongst creditors, with the International Monetary Fund offering conditional backing to the package.
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15 Jun 17
The International Monetary Fund has raised China’s growth forecast for the second time this year, boosting it to 6.7%.
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15 Jun 17
The total value of negative-yielding public debt rose by nearly $1tn between the start of March and the end of May, according to ratings agency Fitch.
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13 Jun 17
The International Monetary Fund has released $314.4m to Tunisia, rewarding the government’s efforts towards economic stability.
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6 Jun 17
Nigeria’s total public debt rose to $62.9bn at the end of March this year, as the country struggles to deliver its spending plans amid its first recession in a quarter of a century.
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5 Jun 17
South Africa has avoided further damaging downgrades from ratings agencies in the past week, but continuing political turmoil remains a risk.
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5 Jun 17
The World Bank has sounded the alarm over large deficits and rising debt in emerging and developing markets in its latest report on global economic prospects.
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1 Jun 17
The European Union’s negotiating hand in Brexit talks may be weaker than often thought because of a number of serious threats to the union’s future stability.
3 May 18The International Monetary Fund has approved a $191m loan for Ghana to help it restore debt sustainability and protect social spending in the country.
3 May 18Greek’s public finances have “markedly strengthened” but public administration is still facing challenges, the OECD has said.
24 Apr 18The US Federal Reserve’s decision to raise rates to a 10-year high has significant impacts on African countries seeking to finance development, says Fiona Robertson of the ONE Campaign.
5 Apr 18Italy’s statistics bureau ISTAT has increased its assessment of the country’s 2017 budget deficit to 2.3% of gross domestic product.
21 Mar 18Developing country debt payments have increased by 60% in three years, marking the highest level since 2004, figures have revealed.
21 Feb 18South Africa has increased its value added tax for the first time in 25 years, from 14% to 15% from 1 April, as part of efforts to cut the budget deficit.
28 Nov 17South African president Jacob Zuma has asked the minister of finance to identify measures to “urgently” address economic challenges, the president’s office said yesterday. ...
24 Nov 17Barbados should cut spending or risk its debt problems rising, according to the International Monetary Fund.
14 Nov 17Venezuela has been declared in default after missing interest payments on its $60bn bond debt.
9 Nov 17Puerto Rico is pushing for an “unprecedented” amount of funding and assistance from the US government to help it recover from the September hurricanes, an official has said.
18 Oct 17Stronger public financial management is key if the Guinea government is to better support its investments, the IMF has said.
22 Sep 17Rating agency Standard & Poor’s has downgraded China’s credit rating due rising debt, which has exposed the country to increased economic and financial risk.
19 Sep 17Egypt will face a $10-12bn budget shortfall for the current 2017-18 fiscal year and plans to issue further foreign debt to overcome it, the country’s finance minister has said.
22 Aug 17Bahrain urgently requires an additional sizable and frontloaded fiscal adjustment to reduce its large fiscal and external financing needs, the International Monetary Fund has said.
21 Aug 17The World Bank has signed a zero-interest $200m credit with Myanmar to help with programmes that include better public debt management, increased tax collection and stronger public finance management.
20 Jun 17Argentina has issued a surprise 100-year bond, raising $2.75bn and prompting $9.75bn in orders from investors with apparently large appetite for Argentine debt.
19 Jun 17Public spending to support the Japanese economy should continue beyond 2018 in order to maintain growth, the International Monetary Fund has recommended.
16 Jun 17Critical bailout funds for Greece have been agreed at the eleventh hour after months of wrangling amongst creditors, with the International Monetary Fund offering conditional backing to the package.
15 Jun 17The International Monetary Fund has raised China’s growth forecast for the second time this year, boosting it to 6.7%.
15 Jun 17The total value of negative-yielding public debt rose by nearly $1tn between the start of March and the end of May, according to ratings agency Fitch.
13 Jun 17The International Monetary Fund has released $314.4m to Tunisia, rewarding the government’s efforts towards economic stability.
6 Jun 17Nigeria’s total public debt rose to $62.9bn at the end of March this year, as the country struggles to deliver its spending plans amid its first recession in a quarter of a century.
5 Jun 17The World Bank has sounded the alarm over large deficits and rising debt in emerging and developing markets in its latest report on global economic prospects.
1 Jun 17The European Union’s negotiating hand in Brexit talks may be weaker than often thought because of a number of serious threats to the union’s future stability.
