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24 Jan 17
Euro-area government debt fell to its lowest level since 2012 in the third quarter of 2016 according to figures released yesterday by the bloc’s statistic office.
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20 Jan 17
Incoming US president Donald Trump is reportedly eyeing $10tn worth of cuts to government spending over the next decade.
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19 Jan 17
The European Commission has called on Italy to reduce its 2017 deficit by around €3.4bn ($3.64bn) to avoid potential sanctions for breaking European Union spending rules.
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17 Jan 17
Mozambique will miss a $60m interest payment on Irish-listed eurobonds due tomorrow, the country’s finance ministry has said.
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11 Jan 17
Sluggish global growth looks on track to speed up moderately in 2017, the World Bank has predicted, but stagnant trade, weak investment and substantial uncertainty put even this modest recovery at...
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20 Dec 16
Australia has increased its fiscal deficit forecasts for the next four years compared to May’s predictions, the most recent mid-year economic forecast has shown.
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15 Dec 16
Debt relief measures for Greece have been frozen just weeks after they were agreed because of a series of social welfare measures announced by the government, a move that has angered creditors.
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15 Dec 16
A constitutional amendment to freeze Brazil’s public spending for 20 years will take effect today, after being approved by parliament earlier this week.
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15 Dec 16
High public sector debt is a key risk to the performance of Malaysia’s economy, the International Monetary Fund warned as it welcomed plans to cut spending and hike certain taxes.
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12 Dec 16
Brazil’s planned 20-year government spending freeze will breach citizens’ human rights, a United Nations expert has concluded.
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8 Dec 16
It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
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6 Dec 16
Eurozone finance ministers have agreed on short-term debt relief measures for Greece, but remain divided on the country’s fiscal targets and the reforms needed to reach them.
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1 Dec 16
The election of incoming US president Donald Trump looks set to hurt Africa’s access to finance for key projects at a time when economic growth is already slowing, the UK’s Overseas Development...
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29 Nov 16
European governments need to pick up the slack in fiscal policy in order to support growth in the eurozone, European Central Bank president Mario Draghi has said.
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29 Nov 16
Zimbabwe has launched its controversial new currency, pegged to the US dollar, in the hope of easing a crippling cash crisis.
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21 Nov 16
Debt-laden Puerto Rico has been advised on what is set to be the biggest debt restructuring in the municipal bond market, and told it will no longer be able to rely on the US for support.
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15 Nov 16
The International Monetary Fund has lifted a number of sanctions imposed on Zimbabwe for its unpaid arrears to the fund, although the cash-strapped country will still be unable to access new lending...
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15 Nov 16
The Greek economy has clawed its way out of recession for the first time in two years, registering two consecutive quarters of growth.
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9 Nov 16
Disgruntled Mozambique bondholders have formed a creditors' committee to prepare for an expected default and resist the government’s efforts to restructure its debt.
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8 Nov 16
Brazil’s federal government has frozen the accounts of the financially imperilled state of Rio de Janeiro and ordered it to repay millions of dollars in arrears.
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7 Nov 16
Greek prime minister Alexis Tsipras has purged his government of leftist ministers resistant to the unpopular reforms demanded by the country’s creditors.
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2 Nov 16
The global economy is to grow at its slowest annual rate in 2016 since the recession in 2009, according to the UK’s National Institute of Economic and Social Research.
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31 Oct 16
Mozambique’s bondholders have told the country its hopes to renegotiate its debts by the end of the year are “unrealistic”, according to the Financial Times.
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27 Oct 16
The United Nations has called for action to tackle what it called the mounting sovereign debt crises in many developing countries, which put achievement of the 2030 Sustainable Development Goals at...
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24 Oct 16
Zimbabwe has cleared its $108m arrears with the International Monetary Fund after 15 years.
24 Jan 17Euro-area government debt fell to its lowest level since 2012 in the third quarter of 2016 according to figures released yesterday by the bloc’s statistic office.
20 Jan 17Incoming US president Donald Trump is reportedly eyeing $10tn worth of cuts to government spending over the next decade.
19 Jan 17The European Commission has called on Italy to reduce its 2017 deficit by around €3.4bn ($3.64bn) to avoid potential sanctions for breaking European Union spending rules.
17 Jan 17Mozambique will miss a $60m interest payment on Irish-listed eurobonds due tomorrow, the country’s finance ministry has said.
11 Jan 17Sluggish global growth looks on track to speed up moderately in 2017, the World Bank has predicted, but stagnant trade, weak investment and substantial uncertainty put even this modest recovery at...
20 Dec 16Australia has increased its fiscal deficit forecasts for the next four years compared to May’s predictions, the most recent mid-year economic forecast has shown.
15 Dec 16Debt relief measures for Greece have been frozen just weeks after they were agreed because of a series of social welfare measures announced by the government, a move that has angered creditors.
15 Dec 16A constitutional amendment to freeze Brazil’s public spending for 20 years will take effect today, after being approved by parliament earlier this week.
15 Dec 16High public sector debt is a key risk to the performance of Malaysia’s economy, the International Monetary Fund warned as it welcomed plans to cut spending and hike certain taxes.
8 Dec 16It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
1 Dec 16The election of incoming US president Donald Trump looks set to hurt Africa’s access to finance for key projects at a time when economic growth is already slowing, the UK’s Overseas Development...
29 Nov 16European governments need to pick up the slack in fiscal policy in order to support growth in the eurozone, European Central Bank president Mario Draghi has said.
29 Nov 16Zimbabwe has launched its controversial new currency, pegged to the US dollar, in the hope of easing a crippling cash crisis.
21 Nov 16Debt-laden Puerto Rico has been advised on what is set to be the biggest debt restructuring in the municipal bond market, and told it will no longer be able to rely on the US for support.
15 Nov 16The Greek economy has clawed its way out of recession for the first time in two years, registering two consecutive quarters of growth.
7 Nov 16Greek prime minister Alexis Tsipras has purged his government of leftist ministers resistant to the unpopular reforms demanded by the country’s creditors.
2 Nov 16The global economy is to grow at its slowest annual rate in 2016 since the recession in 2009, according to the UK’s National Institute of Economic and Social Research.
27 Oct 16The United Nations has called for action to tackle what it called the mounting sovereign debt crises in many developing countries, which put achievement of the 2030 Sustainable Development Goals at...
