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27 Oct 23
A preliminary agreement to restructure more than $3bn of Zambian government debt will pave the way for future agreements and release more funding to aid developments, the nation’s finance minister...
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24 Oct 23
A minimum international tax charged on the world’s wealthiest people would raise $214bn a year, the EU Tax Observatory has said.
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24 Oct 23
Reform could push Romania’s national income up by nearly three times in 30 years, and it can do so while the government continues to meet its climate targets, the World Bank has insisted.
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20 Oct 23
Disruption to Israeli economy and attention shifting away from Ukraine are key issues.
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18 Oct 23
The European Union has affirmed its ambition to increase climate finance for developing nations ahead of the United Nations’ annual summit.
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13 Oct 23
“Understandable” frustration from the Global South because of an unfair economic system is risking progress towards a better world, the head of the World Bank has said.
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10 Oct 23
Progress on the majority of reforms linked to a $3bn financing agreement should see the IMF release the second tranche of funding, analysts have said.
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6 Oct 23
Declining growth in the Middle-East and North Africa will hit livelihoods and hurt long-term development, World Bank economists have said.
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6 Oct 23
Continued use of foreign reserves and rising borrowing costs have led to Egypt’s credit rating being downgraded by ratings agency Moody’s.
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3 Oct 23
The European Commission has agreed to more than double Spain’s recovery and resilience plan to increase investment in sustainability and renewable energy.
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3 Oct 23
Most countries in South Asia will not become ‘high-income’ economies within a generation because the region is not growing fast enough, according to the World Bank.
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29 Sep 23
Morocco is set to receive a $1.3bn loan from the International Monetary Fund to help resilience against climate change and natural disasters, just weeks after it was hit by a devastating earthquake.
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28 Sep 23
Slow progress on reforms aimed at delivering financial stability in Sri Lanka has prompted the International Monetary to withhold the second tranche of a $3bn bailout.
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22 Sep 23
Poor countries cannot fund it and pay debts, report warns
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21 Sep 23
Major economies urged to help developing nations
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15 Sep 23
One in six children worldwide lives in extreme poverty and at the current rate the commitment to reduce that to zero by the end of this decade will be missed.
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12 Sep 23
Wealthy nations directed $1bn of aid over a decade to the “war on drugs” and therefore contributed to human rights abuses across the globe, campaigners have said.
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8 Sep 23
Plans to bring new countries into the BRICS economic bloc might not have many economic benefits in the near future, an analyst has warned.
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8 Sep 23
Providing emerging markets with $15bn of grants and concessional loans would help “unlock” offshore wind accelerating progress on net zero, the World Bank has said.
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5 Sep 23
High inflation and a lower-than-expected grant allocation have prompted the Croatian government to propose €4bn additional support from the European Union to fund its post-pandemic recovery programme...
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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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1 Sep 23
Afghanistan’s weak collection of non-tax income has seen revenues dip below forecasts this year, economists at the World Bank have said.
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25 Aug 23
Governments shielding households and businesses from the spike in energy prices caused by Russia’s invasion of Ukraine meant environmentally harmful fossil fuels were subsidised at their highest ever...
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25 Aug 23
Argentina will receive another $7.5bn from its $44bn programme with the International Monetary Fund, now the fund’s executive board has completed its fifth and sixth reviews of the deal.
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22 Aug 23
Wartime corruption poses a threat to Ukraine’s survival and officials are working to target “truly top officials” engaging in graft, the chief of the country’s anti-corruption agency said.