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30 Mar 23
Switzerland will provide immediate support of almost $120bn to prevent the collapse of Credit Suisse and “avert an international financial crisis”.
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30 Mar 23
The Italian government has been given an extra month to convince the European Commission to release €19bn of withheld post-pandemic recovery funding.
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28 Mar 23
The Chinese government has lent out hundreds of billions of dollars in debt relief after nations it lent infrastructure loans to were unable to meet their repayments, a landmark report has said.
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27 Mar 23
The depletion of foreign reserves and weak governance will limit Bolivia’s ability to meet debt costs, and were major contributors to a cut in its credit rating by Moody’s.
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24 Mar 23
Raising the French retirement age could benefit the government’s fiscal balance in the medium term after an initial negative impact, but the political fallout could hurt the president’s chance of...
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24 Mar 23
The reconstruction and recovery of Ukraine is expected to cost more $400bn and take almost a decade to complete, researchers have said.
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24 Mar 23
Senior figures in Germany and the United States have urged the World Bank to adopt a “strong set of initial evolution reforms” aimed at driving climate finance.
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23 Mar 23
The Ukrainian government has received preliminary approval of a $15.6bn package from the International Monetary Fund to support the nation through its war with Russia and help adopt reforms to reduce...
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21 Mar 23
A $3bn bailout has finally been approved by the International Monetary Fund’s board, six months after a deal was first reached.
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17 Mar 23
French president Emmanuel Macron has tried to bypass the National Assembly to raise the retirement age – a move he sees as vital to fixing public finances – sparking countrywide protests.
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16 Mar 23
The Nigerian government has launched a $670m fund to help young tech entrepreneurs who face difficulty accessing finance – a longstanding barrier to the country’s digital sector.
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15 Mar 23
Universal energy support measures will leave European Union governments unable to meet fiscal rules when they restart at the end of the year so should be wound down, a senior commissioner has said.
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14 Mar 23
The Argentine government is set to receive a $5.3bn tranche from an International Monetary Fund programme, after making progress on reforms.
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7 Mar 23
Greece will regain an investment grade credit rating this year after more than a decade in junk territory, the country’s central bank governor has said.
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7 Mar 23
Rising service demand has been tipped to keep local and regional government borrowing high in the coming years compared with historical trends, despite it having fallen since the immediate aftermath...
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3 Mar 23
A senior Chinese official has defended the nation’s efforts to support debt restructuring for emerging economies amid international criticism.
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3 Mar 23
Italy has been forced to recognise a much larger budget deficit in each of the past three years, pushing it even further away from currently suspended European Union rules.
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2 Mar 23
An “attractive” tax system encouraging private investment could help rebuild Ukraine, the country’s president said as he announced that his government has begun working with the OECD to develop one.
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1 Mar 23
Concerns over a potential debt default and restricted access to new borrowing have led to ratings agency Moody’s downgrading Pakistan’s credit rating.
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28 Feb 23
Malaysia’s fiscal position remains at risk of shocks and political pressure after last week’s budget contained only gradual ambitions to cut the government deficit, ratings agency analysts have...
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27 Feb 23
An unusually strong US dollar combined with rising interest rates and high spending needs mean there is “no sign” of lower-income country debt recovering from its rapid rise since the onset of Covid-...
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22 Feb 23
The Ukrainian government has requested $15bn from the International Monetary Fund to meet immediate spending needs and pay for structural reforms.
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16 Feb 23
Donations from European nations have ended a three-decade long battle to clear Somalia’s debt arrears with a United Nations development group, paving the way for new support.
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14 Feb 23
The European Union should avoid a further suspension to the bloc’s fiscal rules at the end of this year, a senior official has said.
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13 Feb 23
Governments across Europe have spent more than three-quarters of a trillion euros on shielding households and businesses against rising energy costs, researchers have found.