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11 Oct 21
The Australian Treasury has revealed it paid out $27bn (£14.6bn) in Covid-19 support payments to businesses that did not meet the criteria, but said it did not ask for the money back to protect the...
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11 Oct 21
Multinational companies will be subject to a tax of at least 15% on their profits from 2023 after major reforms of the international tax system were finalised by 136 countries.
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8 Oct 21
Ireland has dropped its opposition to global tax reforms and agreed to join an international framework on a minimum global corporation tax rate.
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6 Oct 21
Economic recovery following Covid-19 could lead to interest rate rises - but for how long?
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1 Oct 21
Central bankers need to create digital currencies or they risk losing control to cryptocurrencies and the private sector, a report from the global central banking body has said.
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28 Sep 21
A fund to help European Union member countries weather the negative impacts of Brexit will be created after getting final approval by the European Council.
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28 Sep 21
German finance minister Olaf Scholz is trying to form a government after his party narrowly won the German elections. PFF takes a look at what a Scholz premiership could mean for German fiscal policy.
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27 Sep 21
Turkey’s central bank has cut its benchmark policy rate despite inflation being so high that borrowing costs were already negative in real terms, a move that one economist said points to undue...
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23 Sep 21
World Bank researchers expect 52 countries to cut spending per head to below pre-pandemic levels in the next five years, despite the world economy gradually recovering from the Covid-19 crash.
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22 Sep 21
The Ethiopian government has asked for support from the International Monetary Fund to replace an expiring programme, amid its international creditors’ efforts to restructure its debts.
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22 Sep 21
Irish leaders have spoken less harshly than usual about a planned global shake-up of corporation tax, which would see them raising the rate on the many large multinational companies with headquarters...
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21 Sep 21
A group of Lebanon’s international creditors has called for the new government to begin the debt restructuring process swiftly and to start talks with the International Monetary Fund.
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21 Sep 21
Economic recoveries from Covid-19 slowed in advanced economies over the past three months, as employment and supply chain issues caused uneven global growth, according to the OECD.
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20 Sep 21
Public debt in Ireland has a “one-in-four risk” of becoming unsustainable if the government runs deficits as projected, the country’s budget watchdog has warned.
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17 Sep 21
El Salvador has been warned its adoption of bitcoin as a legal currency earlier this month could lead S&P Global to downgrade its rating.
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16 Sep 21
Colombia’s president has approved new tax reforms after lawmakers replaced proposals that sparked countrywide demonstrations against the government earlier this year.
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14 Sep 21
Malaysia’s cabinet wants to increase the government’s legal debt limit for the second time in two years, to allow it to continue to deal with the Covid-19 crisis.
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14 Sep 21
High-spending European governments managed the Covid-19 shock “very well”, despite suffering the worst recession in the EU era, the head of the OECD has said.
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13 Sep 21
US Democrats are looking to raise the country’s corporation tax rate to 26.5% to fund president Joe Biden’s spending plans.
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8 Sep 21
Private creditors must be involved in Chad’s debt restructuring if the government is to avoid cutting services to meet interest payments, the International Monetary Fund has said.
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7 Sep 21
Egypt must find a way to reduce its debt servicing costs if it is to weather the potential shock of interest rates rising, its government has been warned.
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31 Aug 21
The US Congress should introduce explicit financial stability objectives for government agencies to help avoid a new financial crisis, according to a former senior Federal Reserve official.
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27 Aug 21
The Bank of Korea has raised its base rate for the first time since the outset of the Covid-19 pandemic, becoming the first central bank to do so among the large Asian economies.
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25 Aug 21
New president Hakainde Hichilema vowed to reduce Zambia’s large public debt after his convincing election victory earlier this month, saying the budget has become “overwhelmed” by servicing costs.
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24 Aug 21
The largest ever allocation of the International Monetary Fund’s Special Drawing Rights has come into effect, effectively boosting member governments’ reserves to increase liquidity during the...
11 Oct 21The Australian Treasury has revealed it paid out $27bn (£14.6bn) in Covid-19 support payments to businesses that did not meet the criteria, but said it did not ask for the money back to protect the...
11 Oct 21Multinational companies will be subject to a tax of at least 15% on their profits from 2023 after major reforms of the international tax system were finalised by 136 countries.
8 Oct 21Ireland has dropped its opposition to global tax reforms and agreed to join an international framework on a minimum global corporation tax rate.
6 Oct 21Economic recovery following Covid-19 could lead to interest rate rises - but for how long?
1 Oct 21Central bankers need to create digital currencies or they risk losing control to cryptocurrencies and the private sector, a report from the global central banking body has said.
28 Sep 21A fund to help European Union member countries weather the negative impacts of Brexit will be created after getting final approval by the European Council.
28 Sep 21German finance minister Olaf Scholz is trying to form a government after his party narrowly won the German elections. PFF takes a look at what a Scholz premiership could mean for German fiscal policy.
27 Sep 21Turkey’s central bank has cut its benchmark policy rate despite inflation being so high that borrowing costs were already negative in real terms, a move that one economist said points to undue...
23 Sep 21World Bank researchers expect 52 countries to cut spending per head to below pre-pandemic levels in the next five years, despite the world economy gradually recovering from the Covid-19 crash.
22 Sep 21The Ethiopian government has asked for support from the International Monetary Fund to replace an expiring programme, amid its international creditors’ efforts to restructure its debts.
22 Sep 21Irish leaders have spoken less harshly than usual about a planned global shake-up of corporation tax, which would see them raising the rate on the many large multinational companies with headquarters...
21 Sep 21A group of Lebanon’s international creditors has called for the new government to begin the debt restructuring process swiftly and to start talks with the International Monetary Fund.
21 Sep 21Economic recoveries from Covid-19 slowed in advanced economies over the past three months, as employment and supply chain issues caused uneven global growth, according to the OECD.
20 Sep 21Public debt in Ireland has a “one-in-four risk” of becoming unsustainable if the government runs deficits as projected, the country’s budget watchdog has warned.
17 Sep 21El Salvador has been warned its adoption of bitcoin as a legal currency earlier this month could lead S&P Global to downgrade its rating.
16 Sep 21Colombia’s president has approved new tax reforms after lawmakers replaced proposals that sparked countrywide demonstrations against the government earlier this year.
14 Sep 21Malaysia’s cabinet wants to increase the government’s legal debt limit for the second time in two years, to allow it to continue to deal with the Covid-19 crisis.
14 Sep 21High-spending European governments managed the Covid-19 shock “very well”, despite suffering the worst recession in the EU era, the head of the OECD has said.
13 Sep 21US Democrats are looking to raise the country’s corporation tax rate to 26.5% to fund president Joe Biden’s spending plans.
8 Sep 21Private creditors must be involved in Chad’s debt restructuring if the government is to avoid cutting services to meet interest payments, the International Monetary Fund has said.
7 Sep 21Egypt must find a way to reduce its debt servicing costs if it is to weather the potential shock of interest rates rising, its government has been warned.
31 Aug 21The US Congress should introduce explicit financial stability objectives for government agencies to help avoid a new financial crisis, according to a former senior Federal Reserve official.
27 Aug 21The Bank of Korea has raised its base rate for the first time since the outset of the Covid-19 pandemic, becoming the first central bank to do so among the large Asian economies.
25 Aug 21New president Hakainde Hichilema vowed to reduce Zambia’s large public debt after his convincing election victory earlier this month, saying the budget has become “overwhelmed” by servicing costs.
24 Aug 21The largest ever allocation of the International Monetary Fund’s Special Drawing Rights has come into effect, effectively boosting member governments’ reserves to increase liquidity during the...
