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27 Aug 21
The Nigerian government spent more than 90% of its revenues in the first half of this year on servicing debts, according to the nation’s budget office.
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25 Aug 21
A worldwide rebound in oil prices, and a new International Monetary Fund programme contributed to a credit rating upgrade for Gabon, according to ratings agency Fitch.
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25 Aug 21
The World Bank has stopped funding aid programmes in Afghanistan in light of the Taliban taking control of the country.
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24 Aug 21
The US government’s $1trn infrastructure fund is expected to provide a net $700bn boost to its economy, according to ratings agency Standard and Poor’s.
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23 Aug 21
Finland’s finance ministry will assess the impact of its 2022 budget on children to help promote the interests of the next generation in the rapidly ageing country.
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19 Aug 21
The Kuwaiti Cabinet has ordered all government departments to reduce spending by at least 10% this financial year, to reduce the national deficit.
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17 Aug 21
The Taliban must ensure continuity of public services in Afghanistan after taking power so as to mitigate the humanitarian crisis engulfing the country, the leader of the United Nations has said.
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17 Aug 21
Thailand's central bank chief has called on the government to invest a further 1trn baht ($30bn) into fighting Covid-19, as restrictions continue to affect the economy.
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13 Aug 21
Ballooning budget deficits in developing Asian countries have been tipped to slow their progress towards the United Nations’ 2030 development goals.
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13 Aug 21
Afghanistan will miss out on the €430m of German aid it receives each year if the Taliban gains control of the country, Germany’s foreign minister has said.
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12 Aug 21
Water and sanitation is the best infrastructure investment to create jobs in developing countries, an International Monetary Fund economist has suggested.
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10 Aug 21
The Greek government has allocated half a billion euros to help rebuild communities and woodland areas after wildfires devasted the nation.
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5 Aug 21
Declining birth rates and increases in life expectancy could see economic growth increase for sub-Saharan African nations in the long-term, according to ratings agency S&P.
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5 Aug 21
A United Nations conference this week saw $370m donated to Lebanon, a year after an explosion tore through its capital city – but attendees warned the struggling country it must implement...
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3 Aug 21
The Rwandan government has taken advantage of low interest rates to issue a $620m bond, its second foreign currency sale.
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2 Aug 21
Senate negotiators have unveiled a $1trn plan to invest in infrastructure in the US, after weeks of talks between the two main political parties.
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29 Jul 21
US troops are leaving Afghanistan with poor growth prospects amid increasing violence and the devastating impact of Covid-19, a watchdog has said.
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27 Jul 21
Myanmar’s economy could be 30% worse off due to the impact of political turmoil and Covid-19 on development progress, according to the World Bank Group.
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23 Jul 21
The International Monetary Fund has approved a 45% increase on normal limits of financing for lower income nations, to help with the Covid-19 recoveries.
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22 Jul 21
As Africa continues to grapple with Covid-19, creating more bankable opportunities for investors will lay the foundations for longer-term growth, argues Stephen Barnes of the Johannesburg-based...
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19 Jul 21
The African Development Bank is in a strong position, even though Covid-19 saw a shift in the organisation's priorities, according to ratings agency Fitch.
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15 Jul 21
An ongoing third wave of Covid-19 cases has caused the World Bank to lower its growth projections for Thailand, which it said needs to maintain its support for the most in need.
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13 Jul 21
Rising hunger statistics paint a grim picture for the world’s push towards meeting the United Nations’ Sustainable Development Goals by 2030, UN secretary-general Antonio Guterres has warned.
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13 Jul 21
The need to act fast to save lives is a poor excuse for Covid-19 procurement scandals – better crisis preparation is needed.
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12 Jul 21
Climate change mitigation policies need to take into account a country’s level of development and poorer countries’ economies must still be allowed to grow, World Bank president David Malpass has...