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3 May 22
The World Bank Group has announced an upward revision to the universal measure to indicate the level of extreme poverty.
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26 Apr 22
Sovereign wealth funds have become more risk averse with their investment, as they seek a safe haven for cash amid rising geopolitical tensions, according to an industry body.
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25 Apr 22
Benin has negotiated a $650m programme with the International Monetary Fund amid a worsening security situation, spillovers from the war in Ukraine and lingering effects of Covid-19.
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21 Apr 22
New Zealand’s strong resilience through Covid-19 means the nation is poised for continued growth in the coming years, according to ratings agency Moody’s.
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20 Apr 22
The World Bank is drawing up plans for a $170m medium-term crisis package to tackle the fallout from the Ukrainian invasion, Covid-19 and climate change – but admitted its ability to deal with future...
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13 Apr 22
Governments have been urged to take action against the concentration of wealth and income in a small section of the global population, creating inequality and fuelling inflation.
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12 Apr 22
International aid rose to a record $179bn in 2021 as developed countries increased their efforts to help their developing counterparts deal with the Covid-19 pandemic, OECD figures have shown.
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28 Mar 22
Rating agency S&P Global has cut its growth forecasts and raised its inflation predictions for the Asia Pacific region as its confidence in the post-coronavirus recovery falters.
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15 Mar 22
Palestinian authorities must adopt spending reforms to help solve a fiscal outlook which has been weakened further by Covid-19, according to the International Monetary Fund.
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3 Mar 22
The benefit of federal Covid-19 aid in New York is unclear because authorities have “no reporting on outcomes”, the city’s comptroller has warned.
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28 Feb 22
The Bank of Japan wants to “deepen its analysis” of the country’s below-target inflation, which is persisting despite prices rising rapidly elsewhere in the world.
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28 Feb 22
Thailand’s economy grew by 1.6% in 2021 after Covid-19 lockdown measures impacted on international trade and tourism.
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23 Feb 22
The Mexican government’s finances have remained sound since the onset of Covid-19 but the government needs an “ambitious” set of reforms to cement the economic recovery, the OECD has said.
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17 Feb 22
The Bank of Canada could implement a series of interest rate rises to mitigate soaring inflation, according to its deputy governor.
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17 Feb 22
Low-income and developing countries must be more transparent on the level and type of loans they owe, to help with debt restructuring, according to the World Bank Group.
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16 Feb 22
Japan’s GDP increased by 1.7% in 2021, as the nation continued to recover from a recession exacerbated by the Covid-19 pandemic.
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15 Feb 22
Former Canadian Conservative leader has tabled a bill enabling the auditor general to scrutinise the Bank of Canada’s Covid-19 quantitative easing programme.
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15 Feb 22
South African president Cyril Ramaphosa is set to accelerate reforms to modernise electrical supply and broadband, in a bid to reverse record high unemployment.
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14 Feb 22
Government spending earlier in the Covid-19 pandemic has helped Colombia weather the economic storm better than many of its peers, but more needs to be done to make the growth sustainable, according...
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10 Feb 22
Covid-19 could stop being a global emergency as early as this year if countries donated $23bn towards access to tests, treatments, vaccines and personal protective equipment, according to the World...
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9 Feb 22
Stricter social distancing measures aimed at slowing Hong Kong’s fast-growing outbreak of Covid-19 cases are expected to hit growth, and upcoming spending announcements are seen as likely to delay...
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9 Feb 22
The post-pandemic economic recovery should become less reliant on government spending, Indonesia’s finance minister has told an investment conference.
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8 Feb 22
Rising Covid-19 cases in Gaza and the West Bank have led the World Bank to send an additional grant to the Palestinian Authority, warning the record new infection numbers are still underestimated.
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7 Feb 22
The governor of the Dutch state bank has stated that the European Central Bank could begin raising interest rates as early as this year, to help combat soaring inflation.
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3 Feb 22
The European Central Bank has voted to hold interest at historic lows this month, despite inflation reaching record highs.