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13 May 22
The level of remittances to low-and-middle-income nations is expected to hit $630bn this year, fuelled by increased funding to Ukraine following February’s invasion, according to the World Bank Group...
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12 May 22
Politicians have rushed to promise to rid public bodies of their Russian holdings, leaving officers wrestling with practical difficulties.
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12 May 22
Pakistan has been urged to speed up its progress on reforms if it wants its economy to develop and recover from Covid-19.
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10 May 22
Denmark’s plan to double its deficit limit has received the backing of the International Monetary Fund in its latest appraisal of the Danish economy.
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9 May 22
The Irish government’s track record of low debt and budgetary surpluses is a key contributor to an increase in the nation’s credit rating announced today, according to ratings agency Moody’s.
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9 May 22
Incoming Costa Rican president Rodrigo Chaves has said he will keep on top of debt payments, having previously said the government needs a new support package from the International Monetary Fund.
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6 May 22
The International Monetary Fund has urged “fiscal flexibility” from Ireland as the government faces the twin challenges of supporting the economy through inflation and keeping public finances...
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6 May 22
Tightening monetary policy poses risks to Japan’s debt dynamics when the government already has the largest debt of any investment-grade country, rating agency Fitch has warned.
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5 May 22
US president Joe Biden has boasted he will make an unprecedented reduction to the government deficit and pay down the national debt for the first time since 2016, taking aim at his predecessor Donald...
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5 May 22
The Russian government made a last-ditch dollar payment on two sovereign bonds, avoiding a historic debt default, according to reports.
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4 May 22
The International Monetary Fund has approved a “precautionary” credit line for Colombia as it faces risks from inflation, in a bid to reinforce market confidence in the South American country.
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4 May 22
A better-than-expected post-pandemic recovery in the Western Balkans has been cut short, leaving public finances reeling, the World Bank has warned.
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4 May 22
New fiscal rules will underpin New Zealand’s “measured and balanced” return to government surpluses while allowing the south Pacific country to meet its massive infrastructure gap, according to its...
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3 May 22
Including all staff members in workplace conversations can help finance departments reach their full potential.
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29 Apr 22
The Swedish central bank has raised interest rates to 0.25% alongside plans to reduce its balance sheet, in response to inflationary risks.
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29 Apr 22
Covid-19 support and high revenues meant Brazilian state governments began 2022 with large cash reserves, but they face warnings about spending pressures that will test their liquidity.
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28 Apr 22
The Swiss National Bank has reported a loss of 32.8bn francs (£27.1bn) in the first quarter of 2022, largely because of low bond prices and a strong franc devaluing its foreign currency holdings.
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28 Apr 22
Georgia’s land border with Russia and risk of military aggression is a credit negative for the former Soviet state and could impact future ratings, according to Moody’s.
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28 Apr 22
Governments in Latin America face an unusually high risk from soaring prices and higher borrowing rates, a combination that could hinder policy action, according to the International Monetary Fund.
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26 Apr 22
Government ministers must adapt to the ending of cheap debt or face difficult funding decisions in the future, according to Finnish finance minister Annika Saarikko.
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26 Apr 22
Sovereign wealth funds have become more risk averse with their investment, as they seek a safe haven for cash amid rising geopolitical tensions, according to an industry body.
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21 Apr 22
New Zealand’s strong resilience through Covid-19 means the nation is poised for continued growth in the coming years, according to ratings agency Moody’s.
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19 Apr 22
The public sector urgently needs to use land value capture to stop private interests profiting from price rises caused by climate change.
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14 Apr 22
The Bank of Canada has announced its highest interest rate increase in more than 20 years, as the nation grapples with soaring inflation.
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14 Apr 22
Introducing carbon taxes might not only lead to lower greenhouse gas emissions but could also help foster a ‘just transition’ to the low-carbon future, a World Bank report has suggested.