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22 Aug 23
High debt costs “trap” many countries in the Global South in a cycle of fossil fuel production as they try to generate enough revenue to service their borrowing, representing a barrier to phasing out...
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25 Feb 22
South Africa has presented a 2022 budget with lower taxes and more ambitious debt targets after high commodity prices led to higher-than-expected revenue - but analysts have warned against over-...
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1 Nov 21
The Namibian government will establish a sovereign wealth fund by the end of this year, aimed at creating a stable economy and leaving resources behind for future generations once finite natural...
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4 Apr 19
President Trump’s protectionism is aggravating Latin America’s fiscal headache. Gavin O’Toole reports.
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14 Jun 17
The way governments account for the profits made from commodities like oil can encourage unsustainable behaviour, according to the Goa Foundation. Should accounting rules be changed?
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6 Jun 17
Iraq is to pass a supplementary budget in order to secure an $800m loan tranche from the International Monetary Fund.
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25 May 17
The International Monetary Fund has approved a $5.5bn loan package to help rebuild the Mongolian economy after it was battered by the slump in commodity prices.
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24 May 17
African nations are subsiding countries far richer than they, research by a group of development charities has found.
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18 May 17
Saudi Arabia could slow down its efforts to balance the budget, but still needs a substantial programme of tax increases and spending cuts in the long run, the International Monetary Fund has said.
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12 May 17
Nigerian lawmakers have passed a record budget for 2017, worth 7.44trn naira ($24.4bn), to hoist the country out of its first recession in a quarter of a century.
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10 May 17
Sub-Saharan African governments’ sluggishness in getting their public finances back on track has hit growth, the International Monetary Fund has said, trimming its 2017 forecast for the region to 2.6...
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20 Apr 17
The World Bank has cut its growth forecast for sub-Saharan Africa this year as the region’s key economies falter.
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3 Apr 17
Nigeria’s economy is heading for a bleak 2017 unless the country’s government pursues revenue growth and policy changes, the International Monetary Fund has said.
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24 Mar 17
The Latin America and Caribbean region continued to close its tax gap with others in 2015, rebuffing the impact of the collapse in commodity prices on revenues, the OECD has found.
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14 Mar 17
Poorer countries spent more on debt repayments in 2016 than at any time in the last decade, according to figures published by Jubilee Debt Campaign UK.
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20 Feb 17
Mongolia has secured a provisional agreement for a $5.5bn programme with the International Monetary Fund, preventing a slip in its international credit rating.
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25 Jan 17
Over a third of people in the world’s poorest countries could remain in extreme poverty by 2030 if growth in those economies stays on its current trajectory, the United Nations has warned.
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16 Jan 17
Inflation in Nigeria rose for the tenth consecutive month in December, according to a report published last week by the country’s National Bureau of Statistics.
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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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14 Dec 16
The world’s 48 poorest countries have fallen further behind the rest of the world due to the recent collapse in commodity prices, which has caused growth in this group to slump to its weakest level...
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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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1 Dec 16
Ratings agency Fitch has applauded oil cartel OPEC’s deal to cut production for the first time since the financial crisis as a big step towards stabilising depressed prices, but only if producers can...
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14 Nov 16
Donald Trump’s victory in last week’s US presidential election caught the world off guard. How might his policies and pledges play out across the global south?
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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.