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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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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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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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8 Sep 16
The Nigerian government hopes to tackle the country’s first recession in more than 20 years by promoting the agriculture and solid minerals sectors in order to diversify the economy.
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8 Sep 16
The European Court of Justice has ordered Greece to pay a €10m lump sum to the European Commission for continually poor waste management, plus €30,000 for every day its waste situation does not...
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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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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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12 Jul 16
Italy’s economy may not recover from the 2008 financial crash until the mid-2020s, suggesting two decades’ worth of growth will be lost, the International Monetary Fund has said.
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8 Jul 16
Zimbabwe is reported to be close to finalising a loan to help the country clear its arrears and secure a much-needed cash injection from the International Monetary Fund.
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1 Jul 16
Syria’s civil war has set the country’s economic, social and human development back by decades, leaving “monumental” challenges ahead, the International Monetary Fund has concluded.
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23 Jun 16
Portugal will have to “step up” its efforts to reduce its budget deficit as the country’s economic recovery falls short of expectations, the European Commission and European Central Bank have warned...
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22 Jun 16
The German Constitutional Court has given the green light to the European Central Bank’s controversial emergency bond-buying scheme – a key tool to fight financial crises.
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21 Jun 16
Croatian lawmakers have voted to dissolve parliament, a move that will trigger snap elections and is likely to hamper progress in fixing the country’s public finances.
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14 Jun 16
Colombia has more than doubled its billion-dollar line of credit from the International Monetary Fund in the face of growing global economic risks.
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3 Jun 16
Securing debt and sanctions relief will be critical to Sudan’s continued recovery as growth remains constrained despite successful policies, the International Monetary Fund has said.
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2 Jun 16
Tunisia has secured more than $8bn in loans from the European Union, the International Monetary Fund and the World Bank over the past month as the country seeks to revive its fragile economy.
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27 May 16
The International Monetary Fund is to monitor and support the Somali government as it works to implement an economic reform programme – a significant milestone for the African country as it rebuilds...
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26 May 16
The Chinese finance ministry is to issue the first ever sovereign renminbi bond outside of China on the London stock market.
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25 May 16
Greece’s European creditors have agreed to release €10.3bn in bailout cash and some debt relief for the country following a tense, 11-hour Eurogroup meeting in Brussels yesterday.
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24 May 16
The International Monetary Fund has called for “unconditional” debt relief for Greece and said the current fiscal targets imposed on the country by the Eurogroup are unrealistic.
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23 May 16
Greece has passed yet another round of austerity measures in the hope of securing the release of much-needed bailout funds from its creditors.
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23 May 16
There is improved awareness of the contribution public financial management makes to good governance and facing down corruption. However, accrual-based information must be deployed
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19 May 16
The European Commission has deferred its decision on disciplinary action regarding Spain and Portugal’s stubborn “excessive” deficits until early July.
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16 May 16
Moody's has downgraded Saudi Arabia’s credit rating as the oil price slump hits the kingdom’s public finances.