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10 Aug 21
Finance ministers have been urged to take note of a stark new report showing the world is running out of time to limit global warming, and shift their focus towards cutting emissions to zero.
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9 Aug 21
New waves of Covid-19 have highlighted the urgency of getting more vaccine doses to people in the Asia Pacific region, the Asian Development Bank has said.
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6 Aug 21
Tito Mboweni has stepped down as South Africa’s finance minister in the wake of severe social unrest tipped to harm the country’s economic rebound from Covid-19.
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5 Aug 21
Declining birth rates and increases in life expectancy could see economic growth increase for sub-Saharan African nations in the long-term, according to ratings agency S&P.
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5 Aug 21
Falling oil revenues amid Covid-19 reemphasises the need for Gulf Cooperation Council countries to diversify their economies to spread risk, according to a report by World Bank economists.
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4 Aug 21
The International Monetary Fund has approved a new allocation of Special Drawing Rights, effectively topping up its member countries’ reserves as public finances continue to struggle against Covid-19.
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30 Jul 21
Sanctions and Covid-19 have led North Korea’s economy to its biggest contraction in more than two decades, according to South Korea’s central bank.
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28 Jul 21
Violent civil unrest in South Africa risks harming the economic recovery from Covid-19 and threatens medium-term growth, according to rating agency S&P Global.
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28 Jul 21
Highly infectious new strains of Covid-19 could scupper the economic recovery and take as much as $4.5trn off of global GDP by 2025, the International Monetary Fund’s chief economist has warned.
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23 Jul 21
The European Central Bank will not risk harming the economic recovery from Covid-19 by withdrawing its emergency monetary support early, its president has said.
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16 Jul 21
International Monetary Fund officials are negotiating a deal aimed at sorting out Argentina’s $45bn debt it currently has with the fund, a spokesman has said.
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16 Jul 21
Plans for a 'green tariff' on carbon-intensive goods entering the European Union risk leaving developing countries at a disadvantage, a report has warned.
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15 Jul 21
An ongoing third wave of Covid-19 cases has caused the World Bank to lower its growth projections for Thailand, which it said needs to maintain its support for the most in need.
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15 Jul 21
The Reserve Bank of New Zealand has said it will halt its bond-buying programme as the economic recovery from Covid-19, becoming one of the first advanced economy central banks to do so.
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14 Jul 21
Estonia is holding back its support for the OECD-led worldwide shake-up of corporation tax despite hosting no companies that would be affected.
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13 Jul 21
The European Commission has put plans for an online sales tax on hold following the G20’s endorsement of a global corporation tax deal and pressure from the US.
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9 Jul 21
The International Monetary Fund's record $650bn liquidity stimulus in response to Covid-19 is expected to be operational by the end of August.
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9 Jul 21
The European Central Bank will now accept “temporary deviation” around its new inflation target of 2% as part of a fresh monetary policy strategy.
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8 Jul 21
Covid-19 has created a “profound debt crisis that will turbo-charge global inequality”, with governments in poorer countries unable to support their vulnerable citizens, a Public Finance Live 2021...
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6 Jul 21
France wants the European Union’s new joint debt mechanism, set up on a temporary basis to finance Covid-19 recovery spending, to be made permanent in order to drive investment in technology.
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5 Jul 21
Joe Biden’s social and infrastructure spending has been tipped to still have a noticeable impact on GDP in a decade’s time because he is targeting long-term benefits to the economy.
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2 Jul 21
International reforms of corporation tax could have “serious implications” for Ireland’s public finances, a report from the country’s central bank has warned.
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2 Jul 21
A “historic” agreement on corporation tax between 130 countries and territories will increase global public revenues by around $150bn according to the OECD, which led the negotiations.
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1 Jul 21
Sudan will have nearly all its external debt wiped after qualifying for a World Bank and International Monetary Fund initiative.
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29 Jun 21
Uganda is to receive $1bn from the International Monetary Fund to help its economy as it struggles with the impact of Covid-19.