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1 Jun 21
The Lebanese government’s deliberate inaction on imposing reforms has led to one of the greatest financial crises in the last two centuries, according to the World Bank Group.
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1 Jun 21
The Icelandic government has launched a privatisation of Islandsbanki, the bank it took control of in 2008 during the financial crisis.
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9 Apr 20
Public sector lenders should take the lead in pioneering innovative loan contracts that allow borrowers to better respond to crises like the coronavirus, argues international development and...
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15 Jan 20
A UN official has blasted the Lebanese government for watching the economy collapse, amid a political and financial crisis that has lasted for months.
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20 Dec 19
Poor countries’ debt reached a record $55trn in 2018, after the fastest surge in nearly 50 years, a World Bank study has found.
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2 Jan 19
The Lebanese prime minister-designate is “determined” to form a government and tackle the country’s economic issues amid political wrangling over cabinet seats.
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11 Dec 18
A new financial crisis is brewing but countries are not prepared, the deputy head of the International Monetary Fund has warned.
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16 Oct 17
Stronger financial protections for developing countries and policies to prevent a potential financial crisis should be prioritised, campaigners have said.
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28 Apr 17
New Zealand plans to cut its net public debt to as low as 10% of GDP by 2025, finance minister Steven Joyce has announced.
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29 Mar 17
The European Central Bank overstepped its mandate during the eurozone crisis, Transparency International has concluded.
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5 Jan 17
Unemployment in Spain fell by the largest amount ever recorded last year, the country’s ministry of employment and social security has announced.
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18 Nov 16
The European Central Bank has blocked a full audit of its system to supervise banks across the European Union, the bloc’s court of auditors has said.
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6 Oct 16
The world’s “unprecedented” and “unsustainable” $152tn debt mountain must be urgently tackled before it triggers another, deeper global economic crisis, the International Monetary Fund has stressed.
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3 Oct 16
High rates of inequality could stifle progress toward ending extreme poverty by 2030, the World Bank has warned.
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22 Sep 16
The United Nations has warned of growing fears of a fresh sovereign debt crisis as poorer states that borrowed heavily in good economic times struggle to weather lower levels of growth.
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19 Sep 16
Corruption must be tackled in order to bridge the “trust divide” between the public and the world’s institutions, International Monetary Fund managing director Christine Lagarde has said.
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12 Jul 16
Italy’s economy may not recover from the 2008 financial crash until the mid-2020s, suggesting two decades’ worth of growth will be lost, the International Monetary Fund has said.
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22 Jun 16
The German Constitutional Court has given the green light to the European Central Bank’s controversial emergency bond-buying scheme – a key tool to fight financial crises.
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9 Jun 16
Antoinette Sayeh, director of the International Monetary Fund’s African Department, is to retire later this year.
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13 Apr 16
The global economy is at risk of a fresh financial crisis the International Monetary Fund has warned in its Global Financial Stability Report, published today.
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6 Apr 16
Iceland’s prime minister Sigmundur Davíð Gunnlaugsson has stepped down after revelations in the Panama Papers put him at the centre of a dramatic political crisis.
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26 Jan 16
The European Commission's response to the financial crisis of the late 2000s was "generally weak", with measures not applied consistently and lacking in thorough scrutiny, auditors have said.
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21 Jan 16
Foreign direct investment into industrialised nations pushed global FDI to an eight-year high in 2015, according to the United Nations Conference on Trade and Development.
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20 Jan 16
Global unemployment looks set to rise to 200 million people by 2017, the United Nations’ International Labour Organisation has concluded.