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24 Aug 20
The European Commission has presented proposals to the European Council to grant financial support of €81.4bn to 15 member states.
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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.
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24 Jul 20
Australia’s budget deficit is expected to reach $185bn (£103bn) in the current financial year as the government battles against the health and economic crisis caused by coronavirus.
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24 Jul 20
The economic damage caused by Covid-19 has led to the UK cutting its international aid budget for 2020 by £2.9bn.
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23 Jul 20
South Africa has been granted its first ever crisis loan from the African Development Bank as it struggles against one of the world’s most serious outbreaks of Covid-19.
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21 Jul 20
The US response to Covid-19 has been particularly challenging for state and local governments, the IMF noted while examining the impact of the pandemic on the world’s largest economy.
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21 Jul 20
EU leaders have agreed a “massive” €750bn Covid-19 recovery package to help the 27 member states’ economies bounce back after the pandemic.
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17 Jul 20
Some coronavirus loans from the IMF are effectively being used to pay back loans from private lenders, without any of the money being used by the countries themselves to respond to the pandemic, a...
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16 Jul 20
Further high-level spending on health and social assistance programmes will be needed in Indonesia once the Covid-19 pandemic is over, the World Bank has said.
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16 Jul 20
Fairer tax systems in the EU would help governments in their fight against the economic crisis caused by Covid-19, the European Commission said as it unveiled a series of new measures to develop tax...
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14 Jul 20
European Commission plans for a post-pandemic recovery among the EU’s poorer members risk being misspent without greater direction from Brussels, the EU’s spending watchdog has warned.
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14 Jul 20
Urgent reforms could save the Algerian government $20bn by the end of the year, the country’s president has told ministers.
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10 Jul 20
More than 1bn rubles earmarked by the Russian government for cultural projects have been redirected to its reserves as the country battles the Covid-19 crisis.