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10 May 23
Sustained currency depreciation would make borrowing more expensive for Egypt and take up a higher share of revenues, eventually leading to a future credit rating cut for the government, rating...
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3 May 23
The impact of prolonged high inflation is set to hit growth across the Middle East and North Africa this year and accelerate the need for economic reforms, the International Monetary Fund has said.
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28 Apr 23
A World Bank programme aimed at boosting Bangladesh’s hope of reaching ‘upper-middle-income’ status by 2031 had been approved and backed with $1.25bn of financing.
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25 Apr 23
Financial and technical support from the International Monetary Fund helped South Sudan develop credible macroeconomic policies and in turn foster peace, a senior official has said.
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24 Apr 23
The United Nations has set out a roadmap for ensuring developing countries have access to the finance they need to deal with the impacts of climate change and make progress on their development.
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21 Apr 23
US president Joe Biden has allocated $1.5bn to help speed up access to climate finance and prevent deforestation, and has urged international partners to step up their ambitions to meet climate goals...
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21 Apr 23
Reforms aimed at creating a more inclusive, networked and accountable governance system will leave nations better positioned to address current and future challenges, a United Nations body has said.
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18 Apr 23
Credit ratings based on a simplistic understanding of African countries’ economies cost those countries’ governments $74.5bn in borrowing costs, researchers at the United Nations have suggested.
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18 Apr 23
Windfall tax gains from inflation and savings from lower energy prices might allow European countries to cut their deficits and should not necessarily fund new spending, despite many people...
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17 Apr 23
A group of major economies has promised to expedite the transition to cleaner energy in a bid to meet targets to reach net zero carbon emissions by 2050.
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14 Apr 23
The Chinese government has committed to resolving disputes to enable nations in debt distress to restructure their loans, a senior official has said.
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14 Apr 23
South Africa wants to mobilise 2trn rand (£88bn) of investment in the next five years, hoping to spur development in the country whose economy has been beleaguered by corruption, crime and government...
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14 Apr 23
Economic disruption caused by Russia’s invasion saw the Ukrainian economy contract by almost 30% last year, the nation’s statistics agency has revealed.
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14 Apr 23
Support for refugees and others affected by the war in the Ukraine saw total foreign aid reach $200bn in a single year for the first time, researchers at the OECD have said.
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11 Apr 23
Recent interest rate hikes by central banks across the globe will likely be reversed once inflation subsides, economists at the International Monetary Fund have predicted.
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11 Apr 23
Debt payments are set to take up more government revenue in developing countries than at any point since 1998, researchers have found.
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6 Apr 23
Large foreign reserves and low government debt levels drove Saudi Arabia’s credit rating upgrade, ratings agency Fitch has said.
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5 Apr 23
Political instability could put reforms key to Pakistan’s recovery from Covid-19 and recent floods at risk, economists at the World Bank have warned.
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4 Apr 23
Social unrest caused by controversial judicial reforms could knock off more than half of the Israeli economy’s growth in the coming years, the nation’s central bank has warned.
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3 Apr 23
Lower-income countries will be unable to meet their financing needs without urgent support from wealthier countries, IMF managing director Kristalina Georgieva has warned.
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30 Mar 23
The Italian government has been given an extra month to convince the European Commission to release €19bn of withheld post-pandemic recovery funding.
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28 Mar 23
The Chinese government has lent out hundreds of billions of dollars in debt relief after nations it lent infrastructure loans to were unable to meet their repayments, a landmark report has said.
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24 Mar 23
The reconstruction and recovery of Ukraine is expected to cost more $400bn and take almost a decade to complete, researchers have said.
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24 Mar 23
Senior figures in Germany and the United States have urged the World Bank to adopt a “strong set of initial evolution reforms” aimed at driving climate finance.
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23 Mar 23
The Ukrainian government has received preliminary approval of a $15.6bn package from the International Monetary Fund to support the nation through its war with Russia and help adopt reforms to reduce...