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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.
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30 Jun 16
All countries can learn from work to improve public financial management in fragile and conflict-afflicted states
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28 Jun 16
A World Bank examination of the quality of government institutions across sub-Saharan Africa has found that progress in areas like public financial management has stalled.
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28 Jun 16
The Asian Development Bank has approved a loan of $600m to help Pakistan reform its public sector, it was announced today.
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24 Jun 16
Boosting growth in cities is linked to good public financial management that helps engage both public authorities and business in the potential for private and public investments.
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23 Jun 16
Portugal will have to “step up” its efforts to reduce its budget deficit as the country’s economic recovery falls short of expectations, the European Commission and European Central Bank have warned...
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23 Jun 16
Shared services are a popular reform for public agencies under financial pressure. The hope is to reduce overheads and increase efficiency by consolidating support services like HR, finance and...
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22 Jun 16
The World Bank has approved $1.02bn worth of financing for Pakistan to support economic reforms and resilience in the country.
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21 Jun 16
Jordanian officials have reached an agreement with the International Monetary Fund on a three-year programme to help the country’s economy deal with the fallout of conflicts at its borders.
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21 Jun 16
New rules to combat corporate tax avoidance by multinational companies are to be adopted across the European Union after member states agreed a package of measures today.
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20 Jun 16
The European Union has removed Cyprus, Ireland and Slovenia from excessive deficit procedures after the three nations brought their shortfalls to below 3% of GDP.
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20 Jun 16
Jamaica has secured the release of a further $80m from the International Monetary Fund after “exceptional” economic reforms, the IMF announced on Friday.
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14 Jun 16
The Pan African Federation of Accountants (PAFA) is looking to recruit a manager to lead its work on public financial management reform.
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13 Jun 16
China must act quickly to reduce its corporate debt mountain, driven mainly by state-owned enterprises (SOEs), the International Monetary Fund’s first deputy managing director has said.
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13 Jun 16
Panama must increase its financial integrity and transparency in order to safeguard its role as an international financial centre and protect its dynamic economy, the International Monetary Fund has...
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7 Jun 16
The World Bank is to help Moldova overhaul its tax administration to bring in a centralised and unified system that will improve revenue collection, compliance and services.