-
21 Mar 23
A $3bn bailout has finally been approved by the International Monetary Fund’s board, six months after a deal was first reached.
-
20 Mar 23
Insufficient and poorly targeted climate finance means the world is falling behind on action against global warming, a landmark report has stated.
-
16 Mar 23
The Nigerian government has launched a $670m fund to help young tech entrepreneurs who face difficulty accessing finance – a longstanding barrier to the country’s digital sector.
-
13 Mar 23
The head of China's central bank is staying put despite predictions of a change at the top.
-
10 Mar 23
Higher fossil fuel taxes in India could fund renewable investments to improve energy security and save lives, economists at the International Monetary Fund have said.
-
7 Mar 23
China will target “around 5%” economic growth this year – a lower show of ambition than the ruling Communist Party has shown on that front in decades despite the end of lockdown restrictions.
-
7 Mar 23
Rising service demand has been tipped to keep local and regional government borrowing high in the coming years compared with historical trends, despite it having fallen since the immediate aftermath...
-
2 Mar 23
An “attractive” tax system encouraging private investment could help rebuild Ukraine, the country’s president said as he announced that his government has begun working with the OECD to develop one.
-
28 Feb 23
Earthquakes that devastated Turkey caused at least $34bn of damage to infrastructure, and billions more might be needed for the country to fully recover, the World Bank has said.
-
27 Feb 23
An unusually strong US dollar combined with rising interest rates and high spending needs mean there is “no sign” of lower-income country debt recovering from its rapid rise since the onset of Covid-...
-
24 Feb 23
The world’s largest economies must focus on supporting the most vulnerable people and countries to ensure the world economy recovers properly from Covid-19, Indian prime minister Narendra Modi has...
-
22 Feb 23
The Ukrainian government has requested $15bn from the International Monetary Fund to meet immediate spending needs and pay for structural reforms.
-
21 Feb 23
The US government has pledged to send $100m of additional aid to Turkey, after the country was hit by devastating earthquakes.
-
16 Feb 23
Donations from European nations have ended a three-decade long battle to clear Somalia’s debt arrears with a United Nations development group, paving the way for new support.
-
10 Feb 23
The World Bank has launched the first tranche of its fund aimed at building resilience in developing nations in preparation for future pandemics.
-
10 Feb 23
The Ukrainian government has earmarked a major tranche of new spending to support small businesses and repair crumbling infrastructure.
-
8 Feb 23
Using up foreign reserves to meet soaring costs will restrict Egypt’s ability to service its debt and was named as a major contributor to a cut in its credit rating by ratings agency Moody’s.
-
7 Feb 23
Rescue and aid efforts have been mobilised in Turkey and Syria following devastating earthquakes.
-
7 Feb 23
The end of Covid-19 restrictions will see the Chinese economy rebound this year, but the government still needs to focus on meeting longer-term demographic threats, the International Monetary Fund...
-
2 Feb 23
The Indian government will continue to raise capital spending in 2023-24, in a bid to “ramp up the virtuous cycle of investment and job creation”.
-
2 Feb 23
Political instability and simmering discontent in Peru will impede progress on reforms and damage economic growth, ratings agency Moody’s has said.
-
31 Jan 23
Continuing conflict and the global economic downturn will compress already slow growth in Myanmar, economists at the World Bank have said.
-
30 Jan 23
Boosting welfare and access to services should provide all European Union citizens with a level of income that keeps them out of poverty, bloc officials have said.
-
30 Jan 23
The risk of higher government deficits has prompted another downgrade in Nigeria’s credit rating, Moody’s has said.
-
27 Jan 23
The economic slowdown exacerbated by high inflation could undermine hard-won progress on sustainable development goals, the United Nations has said.