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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.
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3 Aug 20
Southeast Asian governments have been urged to address the “fiscal termites” making it difficult to support their citizens through the economic crisis caused by Covid-19.
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31 Jul 20
Covid-19 has shown that South Africa needs to improve its social protection system to ensure everyone living in poverty is supported, economists have argued in a report into the country.
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24 Jul 20
Australia’s budget deficit is expected to reach $185bn (£103bn) in the current financial year as the government battles against the health and economic crisis caused by coronavirus.
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24 Jul 20
The economic damage caused by Covid-19 has led to the UK cutting its international aid budget for 2020 by £2.9bn.
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23 Jul 20
South Africa has been granted its first ever crisis loan from the African Development Bank as it struggles against one of the world’s most serious outbreaks of Covid-19.
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21 Jul 20
The US response to Covid-19 has been particularly challenging for state and local governments, the IMF noted while examining the impact of the pandemic on the world’s largest economy.
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21 Jul 20
EU leaders have agreed a “massive” €750bn Covid-19 recovery package to help the 27 member states’ economies bounce back after the pandemic.
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21 Jul 20
Russia is looking to lure tech companies to headquarter themselves there by granting them more than $1bn in tax breaks.
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17 Jul 20
Some coronavirus loans from the IMF are effectively being used to pay back loans from private lenders, without any of the money being used by the countries themselves to respond to the pandemic, a...
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16 Jul 20
Fairer tax systems in the EU would help governments in their fight against the economic crisis caused by Covid-19, the European Commission said as it unveiled a series of new measures to develop tax...
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14 Jul 20
Urgent reforms could save the Algerian government $20bn by the end of the year, the country’s president has told ministers.
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7 Jul 20
Indonesia’s government and central bank have agreed to a £32bn bond scheme to finance the country’s recovery efforts from the economic crisis caused by Covid-19.
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7 Jul 20
Saudi Arabia has begun the process of implementing Vision 2030: a plan to transform the nation into a major global economy. This programme was founded upon three key themes: a vibrant society, a...