-
6 Feb 24
Developing countries will be unable to raise the $3trn a year necessary to meet climate change and Sustainable Development Goals without a significant reduction in debt costs, researchers have warned...
-
2 Feb 24
Finance ministers agreed to the first ever revision of the European Union’s long-term budget to provide €50bn of support to Ukraine.
-
26 Jan 24
Rising inflation has prompted the Turkish central bank to raise interest rates to 45% as the country continues to reverse its controversial loose monetary policy approach.
-
25 Jan 24
Pressures from rising pension commitments and higher interest costs could threaten Italy’s public finances if it does not reduce spending or raise taxes, the OECD has warned.
-
23 Jan 24
Fitch predicts interest rate cuts due this year.
-
22 Jan 24
Ghana will receive $600m (£470m) of concessional loan support from the International Monetary Fund after the nation reached a preliminary agreement to restructure billions of dollars of debt.
-
19 Jan 24
A sharp increase in borrowing costs will continue to weaken Egypt’s public finances and contributed to ratings agency Moody’s lowering its credit outlook.
-
16 Jan 24
Ratings agency delivers its own ‘Blue Monday’ warning post-Covid recovery facing risks including war.
-
16 Jan 24
A preliminary deal to restructure Ghana's bilateral debt could unlock almost $1.2bn of concessional finance to invest in “critical” public infrastructure, the nation’s Ministry of Finance has said.
-
12 Jan 24
The new Argentinian government’s promise to deliver economic reforms has led the International Monetary Fund to move towards releasing $4.7bn of concessional finance.
-
9 Jan 24
First stage of sign-off reduces threat of shut-down
-
9 Jan 24
Six advanced economies have confirmed a three-year suspension of debt servicing costs to Ukraine and urged other creditors to follow suit.
-
9 Jan 24
Higher borrowing costs and slower economic growth will likely see the Hungarian government fail to reduce its debt this year under current plans, the nation’s fiscal council has warned.
-
4 Jan 24
Reliefs to mitigate the cost-of-living crisis will only be implemented if they do not stoke inflation, prime minister Anthony Albanese has said.
-
3 Jan 24
Higher military spending will require Israel to make around £6.5bn of cuts over the next two years to prevent a debt spike and maintain market confidence, the nation’s central bank chief has said.
-
15 Dec 23
Surging interest rates pushed the cost of servicing many of the poorest countries’ debts last year to a record $443.5bn, World Bank figures have shown.
-
15 Dec 23
A track record of sound economic management and measures to help reduce poverty in Somalia have prompted the International Monetary Fund and World Bank to approve $4.5bn of debt relief.
-
12 Dec 23
Concessional finance will support Togo’s public spending and help maintain progress on economic reforms to increase government revenues, the International Monetary Fund has said.
-
8 Dec 23
Continued growth in oil revenues could help maintain Oman’s budget surplus and bring down debt, and has contributed to a credit rating upgrade by Moody’s.
-
6 Dec 23
OECD inflation drops to two-year low.
-
5 Dec 23
Local government and state-own services creating biggest risks, says ratings agency.
-
5 Dec 23
Investment programme to ‘prevent millions’ of climate-related deaths.
-
4 Dec 23
Conflict will add to economic pressures as well as political instability.
-
1 Dec 23
An agreement in principle to restructure almost $6bn of outstanding debt is a milestone for Sri Lanka, according to a treasury minister.
-
29 Nov 23
Political leaders must commit to reform to aid economic recovery, says official