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18 Jul 16
Growth across Asia will “remain solid” despite the short-term impact of Brexit and a softer US economy, according to the Asian Development Bank.
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15 Jul 16
Governments share the blame for the estimated $3.1 trillion lost to tax evasion and avoidance globally, two tax experts told the CIPFA annual conference yesterday.
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13 Jul 16
Public procurement by the European Union is mired in red tape and efforts should be made to help businesses identify contracting opportunities and submit tenders, auditors have said.
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12 Jul 16
Italy’s economy may not recover from the 2008 financial crash until the mid-2020s, suggesting two decades’ worth of growth will be lost, the International Monetary Fund has said.
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12 Jul 16
Venezuela’s government has announced it will seize a factory whose owner, the US personal care company Kimberly-Clark Corp, said it could no longer operate due to the nation’s economic crisis.
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11 Jul 16
The IMF has fast-tracked a loan of $364m for Ecuador to help it rebound from the devastating earthquake that struck the country earlier this year.
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11 Jul 16
The International Monetary Fund has forecast a tentative recovery for Sierra Leone this year after the twin shocks of Ebola and collapsed iron prices sent the economy reeling.
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8 Jul 16
The International Monetary Fund has cut its growth forecasts for the euro area in the wake of the UK’s vote to leave the European Union.
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8 Jul 16
The post-Brexit crash in the value of the pound could cost developing countries up to $4bn in aid, trade and remittances, the UK’s Overseas Development Institute has concluded.
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8 Jul 16
The International Monetary Fund has slashed its growth forecasts for South Africa and called for urgent reform in Africa’s most developed country.
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8 Jul 16
Zimbabwe is reported to be close to finalising a loan to help the country clear its arrears and secure a much-needed cash injection from the International Monetary Fund.
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8 Jul 16
The European Commission has triggered sanctions procedures against Spain and Portugal after ruling the two nations failed to do enough to bring their budget deficits within European Union limits.
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7 Jul 16
The German finance minister Wolfgang Schäuble yesterday warned against an EU-wide “race to the bottom” on tax.
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7 Jul 16
European Union loans, guarantees and equity investments to member states are costly and often poorly implemented, the European Court of Auditors has concluded.
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6 Jul 16
Mining revenues that should have been used to alleviate poverty in the Democratic Republic of Congo have instead lined the pockets of armed groups and corrupt officials, an investigation has...
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6 Jul 16
Citizens across Zimbabwe have “shut down” the country today in response to a call to stay at home in protest against cash shortages and corruption.
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6 Jul 16
The European Commission has announced plans for further measures to clamp down on tax avoidance and secretive companies in response to the publication of the Panama Papers.
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5 Jul 16
European Union governments will be able to ratify a new trade deal between the EU and Canada in their national parliaments after the European Commission bowed to pressure and scrapped plans to fast-...
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4 Jul 16
Four Japanese cities have been selected to share best practice with those in developing countries as part of a World Bank capacity-building programme.
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4 Jul 16
Afghanistan looks set to secure almost half a million dollars from the International Monetary Fund after reaching an agreement with its staff.
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1 Jul 16
More than 80 countries convened in Kyoto, Japan yesterday to discuss global efforts to prevent corporate tax avoidance and evasion as part of the OECD’s BEPS project.
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1 Jul 16
Brexit has put South Africa at higher risk of recession and is likely to trigger a downgrade in the country’s credit rating, intelligence group EXX Africa has concluded.
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1 Jul 16
Security, the refugee crisis and growth are the key priorities of the European Commission’s €134.9bn draft budget for 2017, presented to the European Parliament yesterday.
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29 Jun 16
Annual global infrastructure investment could be growing by 5% a year by 2020, despite a lacklustre commodities sector and slowing Chinese growth, finds a new report.
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28 Jun 16
The leaders of France, Germany and Italy have called for Brexit negotiations to begin soon in order to avoid an impasse following the vote of the UK to leave the European Union.