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12 May 20
New Zealand is to plough a record NZ$4bn ($2.4bn) of additional funding into health services over the next four years, as the government looks to balance a ‘legacy of neglect’.
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12 May 20
Saudi Arabia is set to suspend the living allowance for state employees, in a bid reduce spending amid an economic outlook hit by plunging oil prices and the coronavirus pandemic.
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30 Apr 20
Nigeria has been given an emergency $3.4bn support package from the IMF to deal with the economic impact of coronavirus and the sharp fall in oil prices.
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28 Apr 20
The Russian government has been urged to spend half of its National Wealth Fund of saved oil and gas revenues to deal with the Covid-19 crisis.
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28 Apr 20
Emmanuel Macron’s “expensive” response to the ‘yellow vest’ movement is partly to blame for France’s public deficit rising in 2019, the country’s court of auditors has found.
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24 Apr 20
The US House of Representatives has approved $484bn more of coronavirus relief measures, bringing the government’s total spending on fighting the crisis to almost $3trn.
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24 Apr 20
South African president Cyril Ramaphosa has announced a Covid-19 economic rescue package equivalent to 10% of his country’s GDP.
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24 Apr 20
The fiscal deficit caused by the collapse of oil prices and the coronavirus pandemic could force Saudi Arabia to borrow about $26bn more than it planned this year, as well as draw down up to $32bn...
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17 Apr 20
G20 countries have agreed a finance plan to help some of the poorest countries in the world during the coronavirus pandemic.
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15 Apr 20
CIPFA is to launch a financial management training programme in partnership with the United Nations International Fund for Agricultural Development.
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14 Apr 20
A new $10bn fund has been announced by the African Development Bank to help the continent’s governments respond to the coronavirus pandemic.
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7 Apr 20
Millions of job losses resulting from the coronavirus pandemic are putting governments around the world under huge financial pressure to meet unemployment payments.
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7 Apr 20
Nigeria has asked for nearly $7bn from multilateral lenders to help it fight the impact of the coronavirus pandemic after its economy was hit by falling oil prices.
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6 Apr 20
The Asian Development Bank has sold its largest-ever single tranche of bonds as it strives to continue its work amid the coronavirus crisis.
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2 Apr 20
The coronavirus crisis has shown the EU’s fiscal rules to be in immediate need of reform, senior economists at Finland’s national audit office have claimed.
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30 Mar 20
There are many different methods for setting budgets, but two of the most widely used are incremental budgeting and zero-based budgeting. Here we look at the advantages and disadvantages of each, and...
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26 Mar 20
The International Monetary Fund and World Bank are calling on G20 countries to step up debt relief for poorer nations, during the coronavirus pandemic.
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26 Mar 20
Somalia has been successfully granted debt relief by the International Monetary Fund and World Bank, as it looks to ease its $5.2bn debt.
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13 Mar 20
Could a public-private partnership programme with the World Bank offer Sri Lanka a smarter way to develop its infrastructure?
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11 Mar 20
Maintaining a robust strategy for investment with a framework of controls and policies to support day-to-day investment decisions is fundamental to successful treasury management. When investing...
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10 Mar 20
Nigerian senate has approved a $22.7bn external borrowing plan, set out by president Muhammadu Buhari.
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10 Mar 20
Government bond yields across the world have plummeted, due to the combination of a sharp decline in oil prices and market uncertainty surrounding the coronavirus outbreak.
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6 Mar 20
Power cuts and poor performance by the state-owned power company Eskom are “killing the economy” of South Africa, an economist has told PFF after the country entered its second recession in two years.
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6 Mar 20
World financial institutions and governments this week rushed to provide billions of dollars to fight the coronavirus outbreak and support the economy.
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3 Mar 20
A complete global transition to accrual accounting would result in better public services around the world, according to a new report.