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31 Mar 16
The International Monetary Fund has announced it will close its office in Nicaragua in August as the country’s economy has stabilised following two decades of close supervision.
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31 Mar 16
The government of Sudan yesterday launched an online trading system for the country’s stock market, the Khartoum Stock Exchange, which it is hoped will strengthen the country’s financial governance...
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30 Mar 16
Growth across Asia and the Pacific is set to slow this year and next year as a result of a continued weak recovery globally and softer prospects for China, according to the Asian Development Bank.
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30 Mar 16
Iraq has moved closer to winning financial support from the International Monetary Fund as its government manages to progress towards economic and fiscal targets despite ongoing challenges.
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29 Mar 16
Belarus has received a $10m World Bank loan to help it implement an ambitious public financial management modernisation programme.
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24 Mar 16
The International Monetary Fund has praised the Bahamas for the successful implementation of a new value added tax (VAT), which has brought more than $500m for the government in the last fiscal year.
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21 Mar 16
Government finances in Zambia are under “immense stress” and the economy has contracted by around 3%, prompting the International Monetary Fund to call for swift and resolute action.
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18 Mar 16
Botswana’s public finances have slipped back into deficit for first time in three years according to the International Monetary Fund.
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18 Mar 16
Tax revenues in Latin American and Caribbean countries are still well below the OECD average, despite a slight rise in 2014, an analysis has found.
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17 Mar 16
Effective public sector financial management is vital to the global fight against bribery and corruption, the president of the International Federation of Accountants has stressed.
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17 Mar 16
The European Union’s migration spending in “neighbourhood” countries has been uncoordinated, thinly spread and "struggling to demonstrate its effectiveness”, the European Court of Auditors has found...
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15 Mar 16
Government spending in Indonesia is driving a modest pick-up in growth but a more solid recovery will depend on private sector investment, the World Bank has said.
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15 Mar 16
The International Monetary Fund has approved a new $1.5bn package for Kenya that can be drawn down by the country to support planned public financial management reforms.
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11 Mar 16
The European Central Bank has cut interests rates across the eurozone as it tries to bolster growth amid fresh fears of a renewed economic crash.
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10 Mar 16
Stabilising public finances and tackling poverty and inequality in Greece are crucial for the debt-laden country’s emergence from crisis, the OECD has stressed.
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9 Mar 16
International Public Sector Accounting Standards are helping to build “a more accountable and efficient United Nations”, the organisation’s budget and administrative committee has said.
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8 Mar 16
Eurozone finance ministers have urged Greece to put in “extra effort” in implementing economic reforms, as it was announced that Cyprus would be dispensing with International Monetary Fund support...
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7 Mar 16
Risks to Belgium’s economy “loom large”, with high public debt, severe labour market fragmentation and “tenuous” fiscal sustainability threatening growth, the International Monetary Fund has warned.
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4 Mar 16
Tunisia looks set to receive four years of International Monetary Fund assistance, worth $2.8bn in total, to support its economic reform programme.
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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.