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3 Mar 16
Pragmatic, targeted and well-sequenced public finance management reforms are more likely to lead to success than ambitious, large-scale overhauls, the Asian Development Bank vice president has said.
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1 Mar 16
The Nigerian finance ministry has announced savings of 2.29bn naira ($11.5m) after an audit revealed almost 24,000 non-existent workers on the government’s payroll.
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29 Feb 16
The Indian government has unveiled its 2016/17 budget, prioritising more support for the rural poor, infrastructure and recapitalisation of the country’s banks.
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23 Feb 16
The EU’s Court of Auditors recognises change is in the air with crises over the euro, migration and Brexit. So it is considering a “wholly new approach” to financial management
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19 Feb 16
The World Bank is to work with Tajikistan towards improvements in its public financial management through a $20m project, part funded by the UK.
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18 Feb 16
Decisive action is needed to shift risks to Hungary’s economy away from the public sector and put public debt on a downward path, the International Monetary Fund has said.
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16 Feb 16
Sri Lanka’s “chronic” revenue shortfalls must be addressed and its economy must become more competitive and inclusive if poverty is to be reduced, the World Bank has said.
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16 Feb 16
Iranian hotels will benefit from tax breaks for up to 10 years as part of efforts to stimulate the country’s tourism industry following the lifting of sanctions.
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16 Feb 16
The state of Costa Rica’s public finances presents a serious challenge to the country’s “impressive economic, social and environmental progress”, the OECD has warned.
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16 Feb 16
More than €14m in European Union funds spent to help Greece bring in economic reforms demanded by the “troika” as part of its €80bn bailout had only a “mixed” impact, auditors said today.
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15 Feb 16
Increased donor aid “will be critical” for the West Bank and Gaza in the year ahead, the International Monetary Fund has said.
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11 Feb 16
Ukraine looks to have secured the continuation of its $17.5bn bailout from the International Monetary Fund after “constructive” discussions with managing director Christine Lagarde.
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10 Feb 16
The International Monetary Fund has said it could withdraw its budget support to Ukraine unless the country’s leadership accelerates governance reforms and the fight against corruption.
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9 Feb 16
The European Union is to support the delivery of public services and encourage better public financial management in Liberia with financing agreements totalling $64m.
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9 Feb 16
The International Monetary Fund has encouraged New Zealand to tackle its “chronically low” national saving levels and heavy reliance on offshore funding.
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8 Feb 16
Portugal’s draft budget for 2016 is “at risk” of failing to comply with eurzone budgetary obligations, the European Commission has warned.
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5 Feb 16
The International Monetary Fund has urged the government of Sri Lanka to fix its public finances after the country missed its budget target and public debt rose to over 74% of gross domestic product...
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5 Feb 16
Zimbabwe will need to make substantial improvements in the allocation and efficiency of public spending to shore up its economy against headwinds and ensure growth is inclusive, the World Bank has...
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3 Feb 16
India has gone ahead with structural reforms to its tax policy institutions with the formation of two new bodies it hopes will achieve a more coherent and independent approach to analysing new...
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29 Jan 16
The latest valuation of the welfare system in New Zealand has found that government reforms have contributed to a NZD12bn reduction in the future lifetime cost of the system over the last four years.
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26 Jan 16
A review by the European Commission has found that 11 countries in the bloc face high risks to their public finances due to forecasts for increases in public sector debt levels.
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22 Jan 16
Economic growth in Moldova “came in surprisingly strong” last year but significant weaknesses and risks remain a concern, the International Monetary Fund has said.
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22 Jan 16
Transparency International has today welcomed the launch of a new anti-corruption body in Honduras, which will tackle criminals within the nation’s political, judicial and security systems.
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14 Jan 16
Ghana will have to undertake a wide range of ambitious fiscal and public financial management reforms to keep its economy on the right track, the International Monetary Fund has said.
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13 Jan 16
The International Monetary Fund will support Iraq in the implementation of its programme of fiscal consolidation and public financial management.