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5 Sep 23
The South African government is set to close the department that oversees state companies and launch a new holding company to improve management.
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7 Feb 23
The end of Covid-19 restrictions will see the Chinese economy rebound this year, but the government still needs to focus on meeting longer-term demographic threats, the International Monetary Fund...
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11 Jan 23
Egypt will reduce the state’s role in the economy – including its military, which has grown its footprint rapidly in the decade since a 2013 coup – in a bid to boost growth, the president has agreed...
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28 Apr 22
South Africa’s ruling African National Congress party is reportedly looking to sell or close some of its state-owned enterprises after they were “destroyed” by a decade of corruption.
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4 Mar 22
Government officials in South Africa were paid millions of pounds in brides to award more than £100m of contracts to an outsourcing company, according to a corruption inquiry.
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23 Feb 22
The European Union has strengthened sanctions against Myanmar, including freezing the assets of a state-owned gas company, following a military coup last year.
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18 Feb 22
The French government is set to pump an additional €2.1bn into state owned energy company EDF to help ease income concerns.
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3 Feb 22
A rail subsidiary of the South African government paid out billions in contracts to companies linked to a family with close ties to former president Jacob Zuma, according to a corruption inquiry.
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6 Jan 22
Former South African president Jacob Zuma was under “considerable influence” from private bodies during his tenure, leading to rampant corruption, according to the preliminary findings of a landmark...
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3 Sep 21
Mexico’s new finance minister has confirmed that the government will continue to offer support to state-owned oil company Pemex, which is in billions of dollars of debt.
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28 Jun 21
China’s zero tolerance approach to curbing Covid-19 outbreaks has benefitted the nation’s economy recovery from the pandemic, according to ratings agency Fitch.
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5 Mar 20
The Indian cabinet has given the green light to merge 10 public sector banks into four with effect from 1 April.
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12 Dec 19
“Drastic steps” will be taken to restore South Africa’s struggling state-owned enterprises to health, the country’s president has promised.
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21 Jun 17
Bold measures to reform Zimbabwe’s public spending are needed to lift the country out of financial crisis and sustain growth, the World Bank has said.
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23 Feb 17
Ratings agency Fitch has warned of the risk posed by China’s high local public debt issued through a back door route.
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29 Sep 16
Pakistan has successfully completed its three-year, $6bn programme with the International Monetary Fund, and is set to receive its final $102m cash injection within the next few days.
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19 Sep 16
China could be heading toward a banking crisis as a huge credit binge puts the world’s second largest economy under pressure, a global financial watchdog has warned.
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16 Sep 16
The president of Mozambique will work with the International Monetary Fund to set the terms of an international audit on the country’s public debt, the fund announced today.
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31 Aug 16
The World Bank has approved a $15m technical assistance project to help Ghana improve its public financial management, it was announced yesterday.
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15 Aug 16
The International Monetary Fund has warned China to stem the unsustainable growth of indebtedness across its state-owned firms in its latest check up of the country’s economy, published on Friday.
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13 Jun 16
China must act quickly to reduce its corporate debt mountain, driven mainly by state-owned enterprises (SOEs), the International Monetary Fund’s first deputy managing director has said.