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25 Jan 24
Pressures from rising pension commitments and higher interest costs could threaten Italy’s public finances if it does not reduce spending or raise taxes, the OECD has warned.
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15 Jun 22
The Malaysian government must provide greater support to states that are lagging behind their more developed and industrialised peers, according to the World Bank.
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7 Mar 22
The Central Bank of Sri Lanka has raised interest rates by one percentage point, to help mitigate double-digit inflation.
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13 Sep 21
The new Lebanese prime minister Najib Mikati has warned that “hard work” is required to implement reforms before the crisis-hit country can finance its recovery.
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25 Aug 21
A worldwide rebound in oil prices, and a new International Monetary Fund programme contributed to a credit rating upgrade for Gabon, according to ratings agency Fitch.
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12 Aug 21
The US Federal Reserve could explore reducing asset purchases later this year, as the nation emerges from Covid-19, according to one of the central bank’s chiefs.
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17 May 21
Ghana will need to focus on deeper fiscal efforts to help reduce debt costs, which increased due to Covid-19 support measures, an International Monetary Fund chief said.
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11 May 21
Egypt’s draft budget for 2021-22 will continue to drive financial and economic reforms, which are “critical” to reducing its high debt burden over the medium term, according to rating’s agency Fitch...
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24 Mar 20
Increased borrowing costs and falling income from commodities amid the coronavirus pandemic are making poor countries’ debt crises even worse, according to the Jubilee Debt Campaign.
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4 Apr 19
Urgent action is being demanded to tackle a growing debt crisis among poor countries, whose foreign debt payments soared by 85% between 2010 and 2018.
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6 Jun 18
The new government of Barbados has launched emergency plans to deal with the country’s economic crisis and restructure public debt in the hope of achieving financial stability.