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23 Sep 20
Zambia has asked to suspend debt service payments for six months to allow it to deal with the Covid-19 hit to its public finances.
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22 Sep 20
Covid-19 and lower yield from oil exports threatened to derail Angola’s efforts at economic recovery, but the IMF has lauded the government’s efforts to keep reforms on track.
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22 Sep 20
Developing economies have some breathing space to deal with Covid-19 thanks to intervention by global financial institutions. But will piling up debt make recovery prospects even more precarious?
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18 Sep 20
New Jersey has adopted a so-called ‘millionaires tax’ in light of the fiscal pressures of Covid-19.
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16 Sep 20
Africa needs fiscal space to deal with the pandemic, and it needs help from its creditors to get it, according to Senegalese president Micky Sall. Author NJ Ayuk explains why this doesn’t go far...
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15 Sep 20
Nigerian health workers have begun a strike over demands for an allowance for dealing with Covid-19 patients.
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14 Sep 20
The US has reached a record budget deficit of $3trn this year as the government fights the health and economic crises caused by Covid-19.
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11 Sep 20
European leaders have approved a €6.2bn increase to this year’s EU budget to fund the development of Covid-19 vaccines and address other effects of the pandemic.
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10 Sep 20
Asian countries have been urged to address the youth unemployment crisis caused by Covid-19, by using schemes such as wage subsidies and large-scale public employment programmes.
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8 Sep 20
Japan is set to spend 671.4bn yen (£4.86bn) from its emergency budget reserves to secure vaccines for Covid-19.
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4 Sep 20
Raising taxes too quickly would risk harming countries’ economic recovery from the effects of Covid-19, the OECD has warned.
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4 Sep 20
South Africa’s auditor-general found a “high risk” of fraud and abuse in the country’s multi-billion rand Covid-19 stimulus package, with money having been improperly paid out and serious fears of...
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21 Aug 20
Muhammad Afnan Alam outlines the role Sukuks are expected to play this year and beyond in Asia and the Middle East, as Covid-19 and low oil prices shake economies.
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21 Aug 20
A £16bn pay rise for Brazilian civil servants has been blocked by the president and the government’s lower house, amid the country’s public finances suffering because of Covid-19.
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18 Aug 20
Poor countries’ debt payments have reached their highest level since 2001, having grown by 115% in the past decade, new analysis has found.
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14 Aug 20
A $1trn impasse between the two main political parties is blocking the US government from agreeing its next tranche of Covid-19 stimulus.
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13 Aug 20
Kyrgyzstan should “aggressively” strengthen its health, social protection and employment systems if it is to meet the development challenges posed by the Covid-19 pandemic, a report has urged.
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12 Aug 20
Asian governments are expected to channel more money into domestic supply chains following Covid-19, according to ratings agency Moody’s.
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12 Aug 20
The EU is sending billions of euros to help neighbouring countries through the Covid-19 pandemic, with conditions encouraging them to strengthen their public finances and rule of law.
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11 Aug 20
The OECD has warned South Korea against complacency despite the country suffering the least severe recession of its member countries following the Covid-19 outbreak.
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11 Aug 20
Egypt’s progress on economic reforms has stalled while it responds to Covid-19, leading the IMF to agree a $5.2bn package to help see the government through the crisis.
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11 Aug 20
Muhammad Afnan Alam explores different Asian government's digital approaches to Covid-19, identifying successes across the continent.
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4 Aug 20
France’s home carers will each be given a ‘Covid-19 bonus’ in recognition of their work taking care of many of the nation’s elderly and people with disabilities.
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4 Aug 20
CIPFA’s chief economist Jeffrey Matsu argues that the pandemic represents “time for a reboot” in the way we think about development.
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31 Jul 20
Japan has pushed its budget surplus target back because of the impact Covid-19 has had on the government’s finances.