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14 Sep 21
High-spending European governments managed the Covid-19 shock “very well”, despite suffering the worst recession in the EU era, the head of the OECD has said.
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2 Sep 21
The US government lost more than $90bn of its emergency pandemic aid to fraud and error, a watchdog’s report has found.
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27 Aug 21
The Bank of Korea has raised its base rate for the first time since the outset of the Covid-19 pandemic, becoming the first central bank to do so among the large Asian economies.
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23 Aug 21
The first Covid-19 outbreak in months and rising case numbers are not enough to warrant changing the course of monetary policy, senior figures in New Zealand’s central bank have said.
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12 Aug 21
Weak medium-term growth means the Japanese government faces a challenge to bring down its sky-high public debt, rating agency Fitch has said.
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9 Aug 21
New waves of Covid-19 have highlighted the urgency of getting more vaccine doses to people in the Asia Pacific region, the Asian Development Bank has said.
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30 Jul 21
Sanctions and Covid-19 have led North Korea’s economy to its biggest contraction in more than two decades, according to South Korea’s central bank.
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28 Jul 21
Highly infectious new strains of Covid-19 could scupper the economic recovery and take as much as $4.5trn off of global GDP by 2025, the International Monetary Fund’s chief economist has warned.
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15 Jul 21
An ongoing third wave of Covid-19 cases has caused the World Bank to lower its growth projections for Thailand, which it said needs to maintain its support for the most in need.
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13 Jul 21
The need to act fast to save lives is a poor excuse for Covid-19 procurement scandals – better crisis preparation is needed.
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5 Jul 21
Brazil’s supreme court has authorised an investigation into president Jair Bolsonaro’s response to a Covid-19 vaccine procurement deal amid allegations he ignored irregularities in the process.
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29 Jun 21
Uganda is to receive $1bn from the International Monetary Fund to help its economy as it struggles with the impact of Covid-19.
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24 Jun 21
Africa will need $485bn of additional financing between 2021 and 2023 to ward off a debt crisis, the president of the continent’s largest multilateral development bank has said.
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23 Jun 21
Huge government spending amid the Covid-19 crisis and an unambitious deficit reduction plan will leave France’s public finances lagging behind its eurozone peers, the country’s national audit body...
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14 Jun 21
Counterfeit or poor quality medical equipment proliferated in Europe amid the Covid-19 pandemic, according to the European Union’s anti-fraud bureau.
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10 Jun 21
The Japanese government still officially aims to reach a budget surplus by 2025 despite the impact of Covid-19 on its public finances.
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9 Jun 21
Indonesian public finances will rely heavily on the economic recovery from Covid-19 to get back on track, but ratings agency S&P Global said the government’s record is reassuring.
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3 Jun 21
European Union governments can keep supporting their economies with huge fiscal stimulus after the bloc’s executive extended the suspension of deficit limit rules to help spur the recovery from Covid...
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1 Jun 21
Policies for Covid-19 recovery should be targeted at creating new employment through start-up businesses, argue academics Petr Sedláček and Vincent Sterk.
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26 May 21
Widespread lapses in accountability plagued the global response to Covid-19 and recovery efforts will require far stronger oversight, the International Budget Partnership has found.
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25 May 21
Covid-19 has led the International Monetary Fund to update its approach to giving policy advice to governments as they navigate the recovery, recognising the challenges the pandemic has created.
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24 May 21
An immediate global effort to step up the rollout of Covid-19 vaccine doses could represent “the highest-return public investment ever”, according to the International Monetary Fund.
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20 May 21
Covid-19 threatens decades of progress by African countries on towards becoming advanced economies, and world finance leaders have been warned the continent needs huge investment in the coming years.
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14 May 21
A robust rebound from the Covid-19 economic crisis has allowed Australia to present its 2021-22 budget in a far better position than it expected to.
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12 May 21
The widespread nature of the 'informal economy' in developing countries leaves governments with fewer resources with which to support the economic recovery from Covid-19, a World Bank study has found.