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2 Aug 21
Disagreements between Hungary and the European Union over compliance with EU law is unlikely to “completely jeopardise” access to Covid-19 recovery funds, according to rating’s agency Fitch.
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30 Jul 21
European Union fiscal rules need to allow for stronger public investment to drive growth in the coming years, the European Commission’s economics leader has said.
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30 Jul 21
New Lebanese prime minister Najib Mikati said this week that only a unified approach will help the nation recover from one of the greatest crises in modern history.
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27 Jul 21
A political crisis in Tunisia threatens a potential International Monetary Fund programme sought by the government, authorities have been warned.
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27 Jul 21
China is aiming to take increasing control over the often-secret debt in its local government sector, according to state-run financial media.
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27 Jul 21
Myanmar’s economy could be 30% worse off due to the impact of political turmoil and Covid-19 on development progress, according to the World Bank Group.
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26 Jul 21
Treasury Secretary Janet Yellen has confirmed that debt limits will be reimposed on US local government next month, to prevent a historic default on repayments following Covid-19.
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26 Jul 21
Sri Lanka has criticised rating agency Moody’s for its “surprise” downgrade review ahead of a looming debt repayment deadline it insists it was always able to pay.
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23 Jul 21
Bulgaria is set to use most of its unexpectedly high revenue to increase state pensions and prepare for future waves of Covid-19 rather than run a much smaller deficit, the country’s finance minister...
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23 Jul 21
The International Monetary Fund has approved a 45% increase on normal limits of financing for lower income nations, to help with the Covid-19 recoveries.
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22 Jul 21
Colombia’s government has presented new tax reforms to replace earlier proposals that were scrapped amid mass protests.
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22 Jul 21
The German government has allocated an initial €200m to help with immediate assistance to regions affected by recent floods.
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21 Jul 21
Favourable markets could see Italian local and regional governments shift to capital markets to fund capital investments, according to ratings agency Fitch.
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21 Jul 21
The expected $200m-plus revenue from Seattle City Council’s new tax on high earners at larger companies will be used to pay for housing, environmental and other development priorities.
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20 Jul 21
Almost three quarters of local and regional governments around the globe could see budget gaps open in the short-term due to Covid-19 pressures, according to ratings agency Standard and Poor’s.
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20 Jul 21
A country-by-country look at initiatives being taken by Asia Pacific governments to encourage sustainable investing.
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20 Jul 21
Afnan Alam explores the policy landscape for sustainable investing in the Asia Pacific region.
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20 Jul 21
Worldwide protests over policing methods mean the focus on how to best spend money on preventing and tackling crime has never been more acute.
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15 Jul 21
An ongoing third wave of Covid-19 cases has caused the World Bank to lower its growth projections for Thailand, which it said needs to maintain its support for the most in need.
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14 Jul 21
US treasury secretary Janet Yellen has said she will use extraordinary measures to manage the Treasury’s cash if Congress does not raise the debt limit by the end of July.
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12 Jul 21
France’s large public debt poses a challenge during its economic recovery from Covid-19 but cannot be cancelled, the country’s central bank chief has said.
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8 Jul 21
New Zealand’s Treasury has warned the government that the country faces debt rising to unsustainable levels over the next few decades as its ageing population drives up spending.
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8 Jul 21
Complacency by Asia-Pacific governments after early successes against Covid-19 has led to patchy economic performance, according to ratings agency S&P.
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7 Jul 21
Cote D’Ivoire has been assigned a BB- credit rating by ratings agency Standard and Poor’s, reflecting increased growth potential and continued economic reforms.
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6 Jul 21
The South Korean government will offer more emergency relief grants of 250,000 won ($220) to residents, as part of a 33trn won ($29bn) supplementary budget.