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9 Oct 20
Richer countries need to increase public investment to revive the global economy from its worst crash in recent times, the IMF has said.
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8 Oct 20
Extreme poverty is set to rise around the world for the first time in more than 20 years as Covid-19 continues to weigh on the global economy, the World Bank has warned.
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6 Oct 20
Some of the world’s poorest countries will continue to benefit from debt service relief for another six months, after the IMF extended its scheme.
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5 Oct 20
More than 200 million doses of a purported vaccine for Covid-19 have been sold by Russia’s sovereign wealth fund to countries desperate for an end to the health crisis.
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2 Oct 20
Muhammad Afnan Alam takes an in-depth look at the economic crisis that has engulfed Lebanon, that predates the Beirut explosion and even Covid-19.
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2 Oct 20
Three in four furloughed workers in Spain are back at work, according to figures released just days after the government committed to keep the scheme going for “as long as necessary”.
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1 Oct 20
More than $500m of additional revenue has been secured for developing countries in the past five years through a joint OECD and United Nations tax initiative.
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29 Sep 20
The economic and health crises caused by Covid-19 led Germany’s overall public debt to its highest ever level in the first half of 2020, the country’s official statistics bureau Destatis has...
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28 Sep 20
The IMF has lent $90bn since the beginning of the coronavirus pandemic – about one-third of its current total lending commitments.
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25 Sep 20
Malaysia’s government has praised the “solidarity and cooperation” of its people after a Sukuk scheme to help finance its economic recovery was oversubscribed.
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25 Sep 20
The pandemic presents an opportunity for governments to engender a “green reboot” of the global economy, argues CIPFA’s chief economist Jeffrey Matsu.
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23 Sep 20
Zambia has asked to suspend debt service payments for six months to allow it to deal with the Covid-19 hit to its public finances.
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22 Sep 20
Covid-19 and lower yield from oil exports threatened to derail Angola’s efforts at economic recovery, but the IMF has lauded the government’s efforts to keep reforms on track.
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22 Sep 20
Developing economies have some breathing space to deal with Covid-19 thanks to intervention by global financial institutions. But will piling up debt make recovery prospects even more precarious?
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18 Sep 20
New Jersey has adopted a so-called ‘millionaires tax’ in light of the fiscal pressures of Covid-19.
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16 Sep 20
Africa needs fiscal space to deal with the pandemic, and it needs help from its creditors to get it, according to Senegalese president Micky Sall. Author NJ Ayuk explains why this doesn’t go far...
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8 Sep 20
Japan is set to spend 671.4bn yen (£4.86bn) from its emergency budget reserves to secure vaccines for Covid-19.
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4 Sep 20
Raising taxes too quickly would risk harming countries’ economic recovery from the effects of Covid-19, the OECD has warned.
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2 Sep 20
The French Government has warned that Lebanon has eight weeks to outline its governmental reforms if it is to receive disaster relief following the explosion that rocked the nation’s capital Beirut...
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20 Aug 20
Universal basic income is to be trialled in Germany in an experiment to find out what effects it has on people’s lives.
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18 Aug 20
Poor countries’ debt payments have reached their highest level since 2001, having grown by 115% in the past decade, new analysis has found.
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14 Aug 20
A $1trn impasse between the two main political parties is blocking the US government from agreeing its next tranche of Covid-19 stimulus.
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12 Aug 20
Asian governments are expected to channel more money into domestic supply chains following Covid-19, according to ratings agency Moody’s.
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11 Aug 20
The OECD has warned South Korea against complacency despite the country suffering the least severe recession of its member countries following the Covid-19 outbreak.
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11 Aug 20
Egypt’s progress on economic reforms has stalled while it responds to Covid-19, leading the IMF to agree a $5.2bn package to help see the government through the crisis.