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22 Aug 16
The International Monetary Fund has criticised the government of Suriname for failing to implement necessary fuel and electricity price increases.
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22 Aug 16
Thousands of people took to the streets in Chile yesterday to demand that the country’s controversial privatised pension scheme is scrapped.
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19 Aug 16
The World Bank unveiled its new procurement framework in Sri Lanka yesterday, which it said will help countries make the most of their public spending, strengthen national policies and improve...
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19 Aug 16
Nigeria’s oil production is currently 640,000 barrels per day behind the amount needed to fund its record $30bn budget.
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18 Aug 16
Many of Zimbabwe’s local councils continue to operate budgets rejected by central government for allocating too much cash to salaries, according to an investigation by the country’s Financial Gazette...
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12 Aug 16
Uganda has slashed more than 5,500 ‘ghost workers’ from its civil service payroll as the country attempts to crack down on endemic graft.
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11 Aug 16
Egypt is set to benefit from a $12bn International Monetary Fund loan over the next three years after agreeing on a programme to support economic reforms, it was announced today.
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9 Aug 16
Spain and Portugal have escaped fines for breaking European Union deficit rules, the European Council have confirmed.
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9 Aug 16
The UK’s aid watchdog has warned that some aid funds going to conflict-affected areas may be being diverted from their intended purpose and said “urgent attention” is needed to...
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4 Aug 16
An all-party parliamentary group in the UK has claimed the international proposals to combat global tax evasion do not go far enough and may create new loopholes that could be used to avoid paying...
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29 Jul 16
The International Monetary Fund underestimated the risks of the eurozone debt crisis and overrode its own procedures to make unsustainable loans, a key report published today has concluded.
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28 Jul 16
Japan will launch a 28 trillion yen ($266bn) economic stimulus package in another attempt to kickstart the country’s ailing economy, according to reports.
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27 Jul 16
The European Commission has called for fines mooted against Spain and Portugal for excessive deficits to be cancelled and new fiscal goals to be set.
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26 Jul 16
Enthusiastic commitment from governments is an “indispensible prerequisite” to building tax capacity in developing countries, four of the world’s most prominent international institutions have said.
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25 Jul 16
Public procurement in Bangladesh is to be upgraded and expanded with an additional $10m in World Bank cash.
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25 Jul 16
The European Commission has ordered Spain to recover illegal state aid it granted to a state-owned railway operator for the construction of a high speed train testing centre.
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21 Jul 16
Zimbabwe’s accountancy institute is to work with the country’s auditor-general to develop a professional qualification targeting public sector accountants.
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20 Jul 16
The Consultative Advisory Group of the International Public Sector Accounting Standards Board held its inaugural meeting today in Toronto, Canada.
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14 Jul 16
It may not always be possible to implement best public financial management practice in some of the most fragile states in the world, an overseas development expert has told CIPFA’s annual conference...
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13 Jul 16
Governments around the world need to hold themselves to the same high standards as they expect from the private sector, the president of the International Federation of Accountants has said.
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8 Jul 16
Zimbabwe is reported to be close to finalising a loan to help the country clear its arrears and secure a much-needed cash injection from the International Monetary Fund.
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8 Jul 16
The European Commission has triggered sanctions procedures against Spain and Portugal after ruling the two nations failed to do enough to bring their budget deficits within European Union limits.
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7 Jul 16
European Union loans, guarantees and equity investments to member states are costly and often poorly implemented, the European Court of Auditors has concluded.
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1 Jul 16
The World Bank has launched a new procurement framework today that aims to help countries make the most of their spending and enhance development through effective procurement practice.
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1 Jul 16
Security, the refugee crisis and growth are the key priorities of the European Commission’s €134.9bn draft budget for 2017, presented to the European Parliament yesterday.