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23 May 16
New Zealand’s Local Government Funding Agency has shown how local authorities can come together to lower borrowing costs and achieve an increased profile with central government
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23 May 16
There is improved awareness of the contribution public financial management makes to good governance and facing down corruption. However, accrual-based information must be deployed
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20 May 16
Iraq has reached a $5.4bn bailout deal with International Monetary Fund staff to help the country plug a deep hole in its budget carved out by the conflict with ISIS and tumbling oil prices.
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19 May 16
CIPFA International chair Ian Ball has stressed the importance of good public financial management to improved service delivery and robust governance.
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19 May 16
Ukraine has secured initial approval for the release of $1.7bn worth of long-awaited bailout funds from the International Monetary Fund in July.
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19 May 16
The European Commission has deferred its decision on disciplinary action regarding Spain and Portugal’s stubborn “excessive” deficits until early July.
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18 May 16
Digital payments to emergency workers saved time and more than $10m in costs during the Ebola epidemic in Sierra Leone, a United Nations-backed initiative has found.
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17 May 16
With the lifting of international sanctions, there are many potential benefits for Iran’s economy. However, the country’s leaders also face new fiscal challenges in the years ahead
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17 May 16
Procurement specialists have gathered in Kazakhstan this week to share best practice on how to ensure integrity and transparency in public procurement.
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17 May 16
Poland’s plan to lower the retirement age is a “step in the wrong direction” and the government should reconsider, according to the International Monetary Fund.
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17 May 16
The deputy head of the International Monetary Fund has warned Iran on the economic consequences of domestic monopolies and conflicts of interest across companies and banks.
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16 May 16
Tanzania has slashed 10,000 “ghost workers” from its public sector payroll, saving government coffers more than $2m a month.
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16 May 16
Moody's has downgraded Saudi Arabia’s credit rating as the oil price slump hits the kingdom’s public finances.
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13 May 16
Pakistan looks set to receive its next half a billion dollar disbursement from the International Monetary Fund as the lender confirms the south Asian country has met programme targets.
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10 May 16
The commodity price slump is weighing heavily on Oman and the United Arab Emirates’ fiscal deficits, the International Monetary Fund has said.
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10 May 16
CIPFA is to help strengthen the capacity of public sector accountancy in Zimbabwe, it was announced yesterday.
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10 May 16
Greece has edged closer to unlocking the next tranche of much-needed bailout funds as eurozone finance ministers commit to look into how to ease the country’s debt burden.
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10 May 16
CIPFA president John Matheson has outlined “critical areas” where public service finance professionals should focus their efforts to meet challenges and capitalise on opportunities.
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9 May 16
Germany should step up its public and private investment to meet infrastructure needs and reduce the country’s large account surplus, the International Monetary Fund has said.
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9 May 16
Athens lawmakers have approved a host of controversial pension and tax reforms in a bid to unlock the next tranche of Greece’s bailout cash.
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6 May 16
Nigeria’s president Muhammadu Buhari has signed this year’s controversial $30bn budget into law.
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6 May 16
The lingering impact of the Ebola epidemic and the commodity price slump are weighing heavily on the economies of Guinea and Liberia, the International Monetary Fund has said.
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5 May 16
Zimbabwe has announced it will start to print its own version of the US dollar after banks were forced to cut withdrawal limits amid cash shortages.
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5 May 16
The World Bank has recommended that Mongolia implement spending controls after its budget deficit in the first three months of 2016 reached two-thirds of the annual target.
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4 May 16
The World Bank has warned Mozambique that high levels of fiscal risk are threatening its economy and called for greater risk assessment and transparency.