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25 Jul 22
The dual impact of Covid-19 and last year’s military coup in Myanmar has reversed a decade of poverty reduction and pushed more people into destitution, World Bank economists have said.
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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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15 Jul 22
Pakistan’s economic recovery is dependent on concessional development finance from the International Monetary Fund, the country’s prime minister has said after it released a new tranche of funding.
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14 Jul 22
Developed governments have failed to use the energy crisis to fund incentives for the transition to renewable energy, delegates at Public Finance Live were told.
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12 Jul 22
“Economic scarring” from Covid-19 has been cited alongside high borrowing costs as the reason for ratings agency Moody’s lowering its judgement of Mexico’s debt affordability.
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8 Jul 22
The Croatian government has appointed a new finance minister following the shock resignation of Zdravko Maric as the country puts plans in place to adopt the euro.
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7 Jul 22
The French government is set to take full control of energy giant EDF, which it said will enable the country to make “radical decisions” on its future energy plans.
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6 Jul 22
The World Bank will loan Indonesia $350m to support reforms aimed at improving the health and education of its citizens and thereby boost productivity.
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5 Jul 22
The Argentine government is at a heightened risk of another debt default following the resignation of its finance minister, an expert has warned.
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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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4 Jul 22
The Chinese government is set to spend hundreds of billions of yuan to finance infrastructure projects as the economy starts to recover from Covid-19 lockdowns.
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1 Jul 22
Australia’s wealthy and resilient economy will continue to grow as the nation recovers from Covid-19, which ratings agency Moody’s has said is the key factor behind the country’s Aaa rating.
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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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28 Jun 22
The Voting power of an ageing population means governments are making bad long-term economic decisions for short-term electoral gain.
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27 Jun 22
The world’s richest governments have been told they failed poorer countries “on every level” on Covid-19 vaccines, with their hoarded stockpiles, unfulfilled promises of donations and efforts to stop...
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27 Jun 22
Pakistan’s prime minister has said a new “super tax” levied on big industries and a “poverty alleviation tax” on the country’s richest residents will cut the deficit and help fund measures aimed at...
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23 Jun 22
African countries continued to strengthen their efforts aimed at tackling tax evasion and other illicit financial flows last year, a report has found, but the continent continues to lose billions of...
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21 Jun 22
Annual investment of $25bn for the next decade would allow Africa to meet its energy goals and reverse current backsliding on energy access, the International Energy Agency has said, calling for...
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16 Jun 22
The US Federal Reserve is set to hike lending rates by 0.75 percentage points to help tame runaway inflation, the largest single increase since the 1990s.
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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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15 Jun 22
The Chinese government has unveiled plans to develop a new framework to help balance the distribution of financial resources to local authorities.
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14 Jun 22
The level of fraud or overpayments of unemployment benefits made by the US government soared by almost tenfold in 2021, according to the national spending watchdog.
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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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10 Jun 22
The Kenyan government has shelved a proposed bond sale because surging yields will see the nation seek cheaper debt on private markets, according to reports.