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18 Nov 22
Security spending and policies aimed at shielding people from inflation will leave Finland’s public finances in a weaker position, according to the International Monetary Fund.
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15 Nov 22
Protectionism and national self-interest must be avoided if the world economy is to emerge from the ongoing crises as strongly as possible, International Monetary Fund managing director Kristalina...
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1 Nov 22
Oil companies making vast profits because of high prices pushed up by the war in Ukraine could have to pay more tax if they do not lower their prices, US president Joe Biden has said.
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26 Oct 22
The Ukrainian government has appealed for more support from donor countries and multilateral lenders to help fund its war response, meet budgetary needs and begin the reconstruction effort.
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11 Oct 22
The plight of Ukrainian refugees has been raised by UK campaigners and local government leaders.
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30 Sep 22
The German government has announced a €200bn fund to protect consumers and businesses from high gas prices.
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23 Sep 22
Governments should avoid or reverse widespread tax cuts and energy caps introduced in response to the cost-of-living crisis, or they risk encouraging the use of fossil fuels, economists at the OECD...
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9 Sep 22
The outpouring of refugees from Ukraine following Russia’s invasion has left public services in many European countries in need of support, and economists have stressed the importance of subnational...
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23 Aug 22
Ukraine has continued to urge European governments to send arms as its invasion by Russia looks set to enter its seventh month.
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11 Aug 22
The United Nations has nearly doubled its request for donations to help its aid workers continue to assist those displaced by the Russian invasion.
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9 Aug 22
Russia’s invasion of Ukraine has “materially hit” the outlook for Estonia’s public finances and economy, ratings agency Fitch has said while warning the government not to lose its focus on fiscal...
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27 Jul 22
The International Monetary Fund has warned that further economic disruption linked to the war in Ukraine or future waves of Covid-19 could push the world economy into recession as it published its...
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20 Jul 22
The Ukrainian government has reached an agreement with more than 20 developed countries to suspend debt and interest repayments to help the country pay for its war effort.
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19 Jul 22
Does Russia’s invasion of Ukraine mean that governments around the world are set to spend more on defence over coming years? And, if they do, what are the implications for public spending in other...
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19 Jul 22
Failure to pay its dollar-denominated debt obligations in the correct currency constitutes Belarus technically defaulting in the eyes of ratings agencies Fitch and Moody’s.
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18 Jul 22
The Ukrainian government needs $9bn of aid per month to keep public finances going in the nation whose economy, as well as its land and cities, has been ravaged as a result of the Russian invasion, a...
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15 Jul 22
As the war in Ukraine continues, local authorities throughout Europe face unique challenges as more than 12 million refugees seek sanctuary.
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5 Jul 22
Ukraine has said it will need $750bn of investment to rebuild its economy in the wake of Russia’s invasion, suggesting that more than half of it could be funded with seized Russian assets.
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1 Jul 22
Fitch has dimmed its view of government credit conditions amid Russia’s ongoing invasion of Ukraine and the resulting international sanctions.
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1 Jul 22
Ukraine is set to receive a further £1bn of military support from the UK to help counter Russian “brutality” in the nation.
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24 Jun 22
Moldova and war-torn Ukraine have made a step towards becoming members of the European Union, as bloc leaders agree to give them ‘candidate’ status.
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13 Jun 22
Ukraine’s finance minister has said his government is in talks with the International Monetary Fund about a new programme to help the country’s beleaguered public finances through the war with Russia.
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7 Jun 22
German parliamentarians have approved the creation of a €100bn special defence fund aimed at modernising the country’s military in response to Russia’s invasion of Ukraine.
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26 May 22
Uganda is resisting calls to subsidise or cut taxes on imports of fuel and wheat despite rising prices hurting households, with the president saying that to do so would be economically “suicidal”.
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23 May 22
The Ukrainian government’s credit rating has slumped further into junk status due to the unsustainable debt levels brought on by the costly Russian invasion.