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20 May 22
European Union countries must reverse years of underinvestment in defence and increase collaborative spending in response to the new security situation after Russia invaded Ukraine, the bloc’s...
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19 May 22
The Ukrainian government will require significant financial support in the coming months to close budget gaps and maintain services, US Treasury secretary Janet Yellen has said during a visit to...
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18 May 22
The economic slowdown caused by strict Covid-19 restrictions in China could lead to a widening of local and regional government deficits this year, according to ratings agency S&P.
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17 May 22
A deal between South Africa and some of the world’s richest countries, hailed as a potential blueprint for future climate finance, is still under negotiation more than seven months after being...
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13 May 22
The level of remittances to low-and-middle-income nations is expected to hit $630bn this year, fuelled by increased funding to Ukraine following February’s invasion, according to the World Bank Group...
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12 May 22
More than 20 local authorities in Queensland, Australia failed to comply with internal audit and audit committee legislation, according to the state auditor.
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12 May 22
OECD countries are close to meeting just a quarter of measurable targets under the United Nations’ Sustainable Development Goals, with the 2030 deadline looming.
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5 May 22
The Russian government made a last-ditch dollar payment on two sovereign bonds, avoiding a historic debt default, according to reports.
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3 May 22
The World Bank Group has announced an upward revision to the universal measure to indicate the level of extreme poverty.
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28 Apr 22
Georgia’s land border with Russia and risk of military aggression is a credit negative for the former Soviet state and could impact future ratings, according to Moody’s.
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28 Apr 22
Governments in Latin America face an unusually high risk from soaring prices and higher borrowing rates, a combination that could hinder policy action, according to the International Monetary Fund.
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27 Apr 22
The World Bank has warned that historically high prices of food and energy could last until the end of 2024, and urged governments to build up safety nets for vulnerable citizens.
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26 Apr 22
Transparency International’s 2021 Corruption Perceptions Index shows a worrying trend among advanced economies, says Kirtsy Stanners.
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25 Apr 22
Benin has negotiated a $650m programme with the International Monetary Fund amid a worsening security situation, spillovers from the war in Ukraine and lingering effects of Covid-19.
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25 Apr 22
The Ukrainian government will need at least $5bn of additional funding over the next few months to keep the nation operating through the war, according to the International Monetary Fund.
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20 Apr 22
The World Bank is drawing up plans for a $170m medium-term crisis package to tackle the fallout from the Ukrainian invasion, Covid-19 and climate change – but admitted its ability to deal with future...
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14 Apr 22
Introducing carbon taxes might not only lead to lower greenhouse gas emissions but could also help foster a ‘just transition’ to the low-carbon future, a World Bank report has suggested.
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13 Apr 22
Governments have been urged to take action against the concentration of wealth and income in a small section of the global population, creating inequality and fuelling inflation.
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12 Apr 22
The Pakistani government’s decision to oust prime minister Imran Khan could complicate reforms restricting access to external finance, according to ratings agency Fitch.
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12 Apr 22
International aid rose to a record $179bn in 2021 as developed countries increased their efforts to help their developing counterparts deal with the Covid-19 pandemic, OECD figures have shown.
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12 Apr 22
The Sri Lankan government has suspended repayments on external loans, as it works with the International Monetary Fund to develop a debt restructuring plan.
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12 Apr 22
Ukraine’s finance minister has asked donors for immediate help to finance his government’s growing deficit caused by the Russian invasion.
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12 Apr 22
Public Finance Focus examines the different approaches to land value capture being undertaken by cities in Brazil, Israel and Hong Kong.
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11 Apr 22
A strong rebound in tax revenues and consumer spending has seen the Israeli government record one of the strongest budgetary performances internationally, according to ratings agency Moody’s.
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4 Apr 22
Bangladesh is set to receive a $250m loan to help modernise social protection programmes and fund its green recovery from Covid-19.