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25 May 16
Greece’s European creditors have agreed to release €10.3bn in bailout cash and some debt relief for the country following a tense, 11-hour Eurogroup meeting in Brussels yesterday.
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24 May 16
The World Bank has launched the world’s first ever insurance and pandemic bonds to help protect against deadly infectious disease.
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24 May 16
The International Monetary Fund has called for “unconditional” debt relief for Greece and said the current fiscal targets imposed on the country by the Eurogroup are unrealistic.
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23 May 16
Sustainable urbanisation will be key to Africa’s economic success going forward, the OECD has said.
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23 May 16
Myanmar’s economy has fallen short of expectations as severe flooding, the pre-election climate and weak external demand weigh on growth, the International Monetary Fund has said.
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23 May 16
Greece has passed yet another round of austerity measures in the hope of securing the release of much-needed bailout funds from its creditors.
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20 May 16
Iraq has reached a $5.4bn bailout deal with International Monetary Fund staff to help the country plug a deep hole in its budget carved out by the conflict with ISIS and tumbling oil prices.
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19 May 16
Ukraine has secured initial approval for the release of $1.7bn worth of long-awaited bailout funds from the International Monetary Fund in July.
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19 May 16
A poor global economy and lack of quality jobs threatens to undo decades’ worth of progress in eliminating poverty, the International Labour Organisation has warned.
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19 May 16
The European Commission has deferred its decision on disciplinary action regarding Spain and Portugal’s stubborn “excessive” deficits until early July.
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18 May 16
A United Nations expert has slammed the European Union for “abandoning” Greece and treating human rights for migrants and refugees as “dispensible”.
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18 May 16
The US has slapped a 522% tax on Chinese steel after accusing the nation of distorting the market by flooding it with cheap product.
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18 May 16
Workers across Nigeria have launched an indefinite strike today to protest government plans to increase petrol prices by up to 67%, in spite of a court ruling blocking the industrial action.
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18 May 16
Japan has narrowly dodged a recession with 0.4% growth in gross domestic product in the first quarter, according to preliminary data released by the country’s Cabinet Office.
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17 May 16
With the lifting of international sanctions, there are many potential benefits for Iran’s economy. However, the country’s leaders also face new fiscal challenges in the years ahead
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17 May 16
Poland’s plan to lower the retirement age is a “step in the wrong direction” and the government should reconsider, according to the International Monetary Fund.
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17 May 16
The deputy head of the International Monetary Fund has warned Iran on the economic consequences of domestic monopolies and conflicts of interest across companies and banks.
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16 May 16
The International Monetary Fund is considering new loans for Afghanistan as the country manages to implement reforms but the economy continues to stumble.
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16 May 16
Soaring demand for materials from developing and emerging countries means global resource consumption could double by 2050, the OECD has warned.
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16 May 16
Moody's has downgraded Saudi Arabia’s credit rating as the oil price slump hits the kingdom’s public finances.
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13 May 16
Pakistan looks set to receive its next half a billion dollar disbursement from the International Monetary Fund as the lender confirms the south Asian country has met programme targets.
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13 May 16
Yesterday’s Anti-Corruption Summit saw world leaders vow to double down on what UK prime minister David Cameron dubbed the “cancer” of corruption – however only a handful of countries announced firm...
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12 May 16
Foreign companies in the UK, France, the Netherlands, Nigeria and Afghanistan are to be forced to reveal their true owners following today’s Anti-Corruption Summit in London.
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12 May 16
Nigerian president Muhammadu Buhari has called for the return of billions of dollars which he said has been stolen from Nigeria and routed through the UK.
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11 May 16
Panama has agreed to share its financial account information automatically in order to tackle tax evasion and avoidance.