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3 Jun 21
European Union governments can keep supporting their economies with huge fiscal stimulus after the bloc’s executive extended the suspension of deficit limit rules to help spur the recovery from Covid...
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1 Jun 21
US president Joe Biden’s first annual budget, including $6trn of spending, has drawn support from fellow Democrats – but other voices have sounded warnings about the national debt.
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1 Jun 21
The global recession caused by the coronavirus pandemic led to a record 32 credit rating downgrades in 2020, according to ratings agency Fitch.
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1 Jun 21
The Icelandic government has launched a privatisation of Islandsbanki, the bank it took control of in 2008 during the financial crisis.
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26 May 21
Growth in Central American and Caribbean nations is set to lag behind that in similarly-rated counterparts as Covid-19 exacerbates underlying financial weaknesses, according to ratings agency Fitch.
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20 May 21
Germany’s highest court has rejected latest attempt to block the European Central Bank from buying sovereign bonds, bringing an end to a six-year legal battle.
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18 May 21
Slow progress on a debt treatment deal has led to Ethiopia’s credit rating being downgraded as private sector lenders look increasingly likely to lose money.
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17 May 21
Ghana will need to focus on deeper fiscal efforts to help reduce debt costs, which increased due to Covid-19 support measures, an International Monetary Fund chief said.
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14 May 21
A robust rebound from the Covid-19 economic crisis has allowed Australia to present its 2021-22 budget in a far better position than it expected to.
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13 May 21
The Norwegian government will draw down a record NOK402bn (£34bn) of funding from its national pension fund, to help mitigate the economic impact of Covid-19.
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12 May 21
Historically high debt is set to test South Korea’s fiscal mettle but a strong economy has helped it retain an Aa2 rating with ratings agency Moody’s.
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11 May 21
Egypt’s draft budget for 2021-22 will continue to drive financial and economic reforms, which are “critical” to reducing its high debt burden over the medium term, according to rating’s agency Fitch...
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11 May 21
Inheritance tax could play a greater role in addressing inequality and dealing with the public finance pressures of Covid-19, the OECD has said.
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11 May 21
A “more prosperous and sustainable future” is possible if G7 countries step up public investment in the coming decade, a group of academics has said.
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4 May 21
A tax on Argentina’s richest citizens collected 223bn pesos (£1.7bn) for the struggling government to spend on its ongoing response to the pandemic.
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4 May 21
Colombia’s finance minister Alberto Carrasquilla announced his resignation yesterday, after controversial tax reforms were scrapped following civil unrest.
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27 Apr 21
Portugal has become the first European Union member to officially submit its final Covid-19 recovery plan to Brussels, as the bloc’s pandemic rescue fund inches closer to fruition.
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22 Apr 21
Taiwan’s credit rating has been upgraded to ‘AA’ from ‘AA-’, after the nation managed to come out of Covid-19 “largely unscathed”, according to ratings agency Standard and Poor’s.
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20 Apr 21
Canada’s first pandemic budget includes huge childcare spending and Covid-19 relief, as well as a plan to slash the deficit over the next few years.
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20 Apr 21
Proposed tax reforms will be critical to ensuring Colombia’s debt levels are stabilised in the medium-term, according to ratings agency Fitch.
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20 Apr 21
Defence spending is set to accelerate in 2021, but Covid-19 poses big questions about whether that growth is sustainable, writes Fenella McGerty.
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19 Apr 21
Rising debts and the differing strength of public finances across eurozone countries make reforming European fiscal rules more challenging, ratings agency Fitch said in a report.
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19 Apr 21
Rating’s agency Standard and Poor’s has revised up its ratings outlook for US local and state governments due to increased support from president Joe Biden’s rescue package.
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15 Apr 21
The first meeting of Turkey’s monetary policy committee since president Recip Tayyip Erdogan sacked his previous central bank governor has frozen the country’s benchmark interest rate.
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15 Apr 21
Efficiently shifting workers from unviable parts of the economy to growth sectors will halve medium term scarring to the European economy after Covid-19, according to a leading IMF official.
3 Jun 21European Union governments can keep supporting their economies with huge fiscal stimulus after the bloc’s executive extended the suspension of deficit limit rules to help spur the recovery from Covid...
1 Jun 21US president Joe Biden’s first annual budget, including $6trn of spending, has drawn support from fellow Democrats – but other voices have sounded warnings about the national debt.
1 Jun 21The global recession caused by the coronavirus pandemic led to a record 32 credit rating downgrades in 2020, according to ratings agency Fitch.
1 Jun 21The Icelandic government has launched a privatisation of Islandsbanki, the bank it took control of in 2008 during the financial crisis.
26 May 21Growth in Central American and Caribbean nations is set to lag behind that in similarly-rated counterparts as Covid-19 exacerbates underlying financial weaknesses, according to ratings agency Fitch.
20 May 21Germany’s highest court has rejected latest attempt to block the European Central Bank from buying sovereign bonds, bringing an end to a six-year legal battle.
18 May 21Slow progress on a debt treatment deal has led to Ethiopia’s credit rating being downgraded as private sector lenders look increasingly likely to lose money.
17 May 21Ghana will need to focus on deeper fiscal efforts to help reduce debt costs, which increased due to Covid-19 support measures, an International Monetary Fund chief said.
14 May 21A robust rebound from the Covid-19 economic crisis has allowed Australia to present its 2021-22 budget in a far better position than it expected to.
13 May 21The Norwegian government will draw down a record NOK402bn (£34bn) of funding from its national pension fund, to help mitigate the economic impact of Covid-19.
12 May 21Historically high debt is set to test South Korea’s fiscal mettle but a strong economy has helped it retain an Aa2 rating with ratings agency Moody’s.
11 May 21Egypt’s draft budget for 2021-22 will continue to drive financial and economic reforms, which are “critical” to reducing its high debt burden over the medium term, according to rating’s agency Fitch...
11 May 21Inheritance tax could play a greater role in addressing inequality and dealing with the public finance pressures of Covid-19, the OECD has said.
11 May 21A “more prosperous and sustainable future” is possible if G7 countries step up public investment in the coming decade, a group of academics has said.
4 May 21A tax on Argentina’s richest citizens collected 223bn pesos (£1.7bn) for the struggling government to spend on its ongoing response to the pandemic.
4 May 21Colombia’s finance minister Alberto Carrasquilla announced his resignation yesterday, after controversial tax reforms were scrapped following civil unrest.
27 Apr 21Portugal has become the first European Union member to officially submit its final Covid-19 recovery plan to Brussels, as the bloc’s pandemic rescue fund inches closer to fruition.
22 Apr 21Taiwan’s credit rating has been upgraded to ‘AA’ from ‘AA-’, after the nation managed to come out of Covid-19 “largely unscathed”, according to ratings agency Standard and Poor’s.
20 Apr 21Canada’s first pandemic budget includes huge childcare spending and Covid-19 relief, as well as a plan to slash the deficit over the next few years.
20 Apr 21Proposed tax reforms will be critical to ensuring Colombia’s debt levels are stabilised in the medium-term, according to ratings agency Fitch.
20 Apr 21Defence spending is set to accelerate in 2021, but Covid-19 poses big questions about whether that growth is sustainable, writes Fenella McGerty.
19 Apr 21Rating’s agency Standard and Poor’s has revised up its ratings outlook for US local and state governments due to increased support from president Joe Biden’s rescue package.
15 Apr 21The first meeting of Turkey’s monetary policy committee since president Recip Tayyip Erdogan sacked his previous central bank governor has frozen the country’s benchmark interest rate.
15 Apr 21Efficiently shifting workers from unviable parts of the economy to growth sectors will halve medium term scarring to the European economy after Covid-19, according to a leading IMF official.
