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2 Jun 20
Investment in education and public health will be vital for post-coronavirus recovery, the World Bank has claimed.
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2 Jun 20
The shock of Covid-19 combined with years of declining foreign aid has left the Palestinian Authority with a “monumental task” to save its economy and protect its public finances, a World Bank...
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29 May 20
The European Commission has proposed a €750bn recovery fund to help drag EU economies out of the slump caused by the Covid-19 pandemic.
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29 May 20
Ireland is in a position to avoid implementing post-coronavirus austerity measures to the scale it imposed after the global financial crisis, the country’s fiscal watchdog has said.
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22 May 20
Australia has halved the number of people’s wages it expects to subsidise as part of its Covid-19 economic rescue package, blaming reporting errors for the confusion.
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22 May 20
The Covid-19 pandemic is having a huge impact on governments around the world. With many local governments struggling to find the money to continue to provide frontline services at a time when...
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20 May 20
Indonesia is set to impose a 10% digital services tax on companies based overseas in the second half of 2020, as the government scrambles to fight the economic impact of the Covid-19 pandemic.
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20 May 20
Huge fiscal responses to the Covid-19 pandemic are being announced around the world, not least in Asia. Civil servant in Pakistan Muhammad Afnan Alam details the situation and how it might impact the...
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15 May 20
Egypt’s request for a $2.7bn emergency loan to help offset the financial impact of the coronavirus pandemic has been approved by the International Monetary Fund.
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12 May 20
Saudi Arabia is set to suspend the living allowance for state employees, in a bid reduce spending amid an economic outlook hit by plunging oil prices and the coronavirus pandemic.
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5 May 20
Brazil has created an emergency basic income scheme for informal workers, to help them through the coronavirus pandemic, and advocates of universal basic income believe the crisis could make...
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4 May 20
The EU is sending billions of euros to the Western Balkans to help the region through the challenges of the Covid-19 pandemic.
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30 Apr 20
Nigeria has been given an emergency $3.4bn support package from the IMF to deal with the economic impact of coronavirus and the sharp fall in oil prices.
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28 Apr 20
The Russian government has been urged to spend half of its National Wealth Fund of saved oil and gas revenues to deal with the Covid-19 crisis.
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24 Apr 20
The US House of Representatives has approved $484bn more of coronavirus relief measures, bringing the government’s total spending on fighting the crisis to almost $3trn.
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24 Apr 20
South African president Cyril Ramaphosa has announced a Covid-19 economic rescue package equivalent to 10% of his country’s GDP.
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24 Apr 20
The fiscal deficit caused by the collapse of oil prices and the coronavirus pandemic could force Saudi Arabia to borrow about $26bn more than it planned this year, as well as draw down up to $32bn...
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23 Apr 20
The coronavirus pandemic will have a long-lasting effect on public finances. Governments need the complete picture that modern accounting standards provide in order to navigate the recovery, argues...
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22 Apr 20
In 1948, the US passed an initiative that sent more than $12bn (the equivalent of about $128bn today) to Western Europe to recover from the Second World War. Dag Detter argues the world will need...
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21 Apr 20
IMF support is “like blood for the human body” during the coronavirus pandemic, the president of Ukraine has said as his country prepares to deal with the economic fallout of the crisis.
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21 Apr 20
Quality information from accruals accounting will be vital for governments when navigating the post-coronavirus recovery, argues Professor Ian Ball from Victoria University of Wellington.
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20 Apr 20
European economies will need at least €500bn from EU institutions to tackle the Covid-19 financial crisis, the head of the EU’s bailout body has said.
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17 Apr 20
International aid will be “critical” in fighting the coronavirus pandemic, the head of the OECD has said, as rich countries look to help their developing counterparts through the crisis and continue...
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15 Apr 20
As coronavirus stress-tests our business continuity plans, we stand to learn valuable lessons – not least on the law of unintended consequences, argues AAT president John Thornton.
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14 Apr 20
The IMF has wiped six months of debt repayments for 25 of the world’s poorest countries, to give them space to deal with the coronavirus pandemic.