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18 Oct 22
The World Bank has placed all development loans made to Belarus through its subsidiary lender to a non-performing status because of overdue payments.
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17 Oct 22
The Tunisian government has received provisional approval for a $1.9bn loan from the International Monetary Fund aimed at financing reforms to improve social protection and government revenues.
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14 Oct 22
The Swiss government has issued its first green bond, with proceeds earmarked for investment in climate-friendly projects.
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14 Oct 22
High oil prices mean Chad does not require relief on its debts, according to a statement from a group of countries that had previously agreed to arrange it.
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13 Oct 22
China needs to rebalance its economy in order to meet its emissions goals and dampen the threat of climate change, according to the World Bank.
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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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11 Oct 22
The acceleration of reforms aimed at collecting additional revenue and debt restructuring will help Sri Lanka to support its poorest and aid its financial recovery, economists at the World Bank have...
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10 Oct 22
Governments across the European Union have spent more than €100bn on Russian fossil fuels since the nation invaded Ukraine in February, a climate group has said.
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7 Oct 22
Serious floods in Pakistan have led to increased public spending and higher debt, and a key factor in a downgrade to the nation’s credit rating, Moody’s has said.
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6 Oct 22
Countries across the world should speed up their fight against climate change in the next few years because the immediate cost will be “dwarfed” by the “overwhelming” benefits, economists at the...
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6 Oct 22
The US Securities and Exchange Commission has raised concern over the ability of women and under-represented entrepreneurs to start small businesses.
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5 Oct 22
High inflation combined with increased debt servicing costs has increased the likelihood of a debt default and led to Moody’s downgrading Ghana’s credit rating.
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28 Sep 22
European Union countries should ensure their citizens are guaranteed a sufficient ‘minimum income’ to live in “dignity at all stages of life”, according to the bloc’s executive arm – but officials...
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27 Sep 22
Governments should contemplate raising taxes on higher earners and businesses that have profited from the current energy crisis to support those in need, a senior economist has said.
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27 Sep 22
Central banks raising interest rates to slow inflation will pile more financial pressure on poorer economies and could restrict spending on healthcare, economists at the World Bank have warned.
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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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22 Sep 22
Poor government leadership has left South Africa rife with corruption and with high poverty, crumbling infrastructure and human rights abuses, a pressure group has said.
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16 Sep 22
Higher public spending and the economic slowdown linked to voters rejecting constitutional reforms has fuelled a downgrade in Chile’s credit rating, Moody’s has said.
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14 Sep 22
The US has set out how it will use billions of dollars of Afghanistan’s central bank reserves itself, keeping them from local officials but insisting they will be used to benefit the Afghan people.
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14 Sep 22
The next disbursement under Argentina’s $44bn deal with the International Monetary Fund is expected to be agreed in the coming days, following a week of discussions between fund staff and Argentine...
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13 Sep 22
The German government must meet NATO’s military spending target of 2% of GDP over the long term or risk its €100bn defence fund being spent “in vain”, the nation’s defence minister has said.
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12 Sep 22
The Greek government has unveiled plans to increase state pension payments and the minimum wage, marking the end of a period of budget scrutiny from Brussels the prime minister described as a “...
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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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7 Sep 22
The European Commission has outlined plans for “solidarity contributions” from fossil fuel companies and price caps on low-carbon energy to support people through the energy crisis.
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6 Sep 22
Vietnam’s growing economic strength and commitment to contain borrowing costs are key factors to an increase in the nation’s credit, according to ratings agency Moody’s.