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24 Apr 20
The fiscal deficit caused by the collapse of oil prices and the coronavirus pandemic could force Saudi Arabia to borrow about $26bn more than it planned this year, as well as draw down up to $32bn...
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22 Apr 20
In 1948, the US passed an initiative that sent more than $12bn (the equivalent of about $128bn today) to Western Europe to recover from the Second World War. Dag Detter argues the world will need...
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21 Apr 20
IMF support is “like blood for the human body” during the coronavirus pandemic, the president of Ukraine has said as his country prepares to deal with the economic fallout of the crisis.
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20 Apr 20
European economies will need at least €500bn from EU institutions to tackle the Covid-19 financial crisis, the head of the EU’s bailout body has said.
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17 Apr 20
G20 countries have agreed a finance plan to help some of the poorest countries in the world during the coronavirus pandemic.
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15 Apr 20
As coronavirus stress-tests our business continuity plans, we stand to learn valuable lessons – not least on the law of unintended consequences, argues AAT president John Thornton.
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14 Apr 20
The IMF has wiped six months of debt repayments for 25 of the world’s poorest countries, to give them space to deal with the coronavirus pandemic.
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9 Apr 20
Public sector lenders should take the lead in pioneering innovative loan contracts that allow borrowers to better respond to crises like the coronavirus, argues international development and...
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3 Apr 20
Asian governments have introduced radical fiscal policy measures to beat the impact of COVID-19. Muhammad Afnan Alam, who works in the Auditor General of Pakistan’s office, details their responses.
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2 Apr 20
Developed nations should put together a $2.5trn rescue package to help protect developing economies from the fallout of the coronavirus pandemic, the UN has said.
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31 Mar 20
The largest financial stimulus package in US history has been approved by the president to fight the economic effects of the coronavirus outbreak.
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30 Mar 20
Governments need to take “stronger, more coordinated measures” to absorb the economic impact of the coronavirus pandemic, the OECD has said, predicting each month of lockdown will knock two...
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27 Mar 20
The European Central Bank has waived the current limit on the amount of a government’s bonds it can buy in response to the Covid-19 outbreak.
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27 Mar 20
The IMF has approved its first emergency loan to help a member country address the challenges posed by the Covid-19 pandemic.
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26 Mar 20
The impact of COVID-19 and the oil price plunge in the Middle East and the Caucasus and Central Asia has been substantial and could intensify, says Jihad Azour.
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26 Mar 20
The International Monetary Fund and World Bank are calling on G20 countries to step up debt relief for poorer nations, during the coronavirus pandemic.
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26 Mar 20
The jury is still out on whether OECD talks will succeed in introducing a global digital tax for multinational firms such as Google, Apple, Facebook and Amazon
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24 Mar 20
The coronavirus outbreak will cause the US economy to contract by 24% in the second quarter of 2020, according to Goldman Sachs’ latest predictions, as the government prepares a $2trn stimulus...
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24 Mar 20
Germany has announced €156bn of new spending to fight the economic effects of the coronavirus.
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24 Mar 20
Increased borrowing costs and falling income from commodities amid the coronavirus pandemic are making poor countries’ debt crises even worse, according to the Jubilee Debt Campaign.
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19 Mar 20
An emergency €750bn package has been launched by the European Central Bank as it tries to soften the blow of the coronavirus pandemic in the eurozone.
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18 Mar 20
The economic impact of the escalating coronavirus pandemic is “much worse than feared”, and the world economy is probably already in a recession, according to ratings agency Standard & Poor’s...
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18 Mar 20
Chad is paying back a $100m loan from Angola with thousands of cattle, the Angolan state-run newspaper has reported.
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17 Mar 20
France is mobilising €45bn to help keep its economy afloat, the finance minister announced, after president Emmanuel Macron declared the country was “at war” with the coronavirus.
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17 Mar 20
While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy, writes IMF...