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15 Apr 16
Spain’s industry, energy and tourism minister resigned this morning after his alleged links to an offshore company were exposed in the Panama Papers.
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15 Apr 16
Tunisia has made further progress towards a $2.8bn support package from the International Monetary Fund, which now only needs approval from the fund’s executive board.
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15 Apr 16
Ukraine’s new prime minister has vowed to crack down on corruption in the country after his predecessor’s ineffectual attempts forced his resignation.
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15 Apr 16
The five largest European economies have agreed on new “hammer blow” measures to crackdown on tax evasion in response to the Panama Papers.
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14 Apr 16
Government deficits are now expected to climb above the levels observed at the beginning of the 2008-09 financial crisis, the International Monetary Fund has warned in its annual Fiscal Monitor.
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13 Apr 16
The global economy is at risk of a fresh financial crisis the International Monetary Fund has warned in its Global Financial Stability Report, published today.
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13 Apr 16
Every $1 spent on investing in scaling up treatment for depression and anxiety disorders leads to a return of $4 in better health and working ability, according to a study published in The Lancet...
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12 Apr 16
The International Monetary Fund has downgraded its global growth forecasts for 2016 again and warned that chances of a projected pick up next year are waning.
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12 Apr 16
Demand for World Bank cash has risen to unprecedented levels outside of a financial crisis as developing countries struggle with a sluggish global economy.
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11 Apr 16
Boosting productivity and bringing more people into the labour market must be Japan’s “number one priority” if it is to compensate for its rapidly shrinking workforce, the OECD has warned.
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11 Apr 16
European Union aid aimed at encouraging regional integration in Africa is poorly managed and badly targeted, according to the by the European Centre for Development Policy Management.
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11 Apr 16
The OECD is to convene a meeting of senior tax administration officials this week after calls to formulate a response to the Panama Papers.
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11 Apr 16
Sub-Saharan African companies that make use of tax havens are a top destination for World Bank money, analysis by Oxfam has revealed.
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8 Apr 16
Asian Development Bank president Takehiko Nakao has announced he intends to stand for re-election to the role.
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8 Apr 16
The European Commission has announced plans to modernise and simplify the EU-wide VAT system, make it more fraud proof, and hand greater control of the tax back to member states.
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7 Apr 16
Russia’s economy faces a “long journey to recovery” from a recession that wiped 3.7% off its GDP in 2015 and could undo almost a decade’s worth of poverty-reduction gains, according to the World Bank...
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7 Apr 16
The executive board of troubled Malaysian national development fund 1MDB have today offered their resignations following a damning report into the scandal from the country’s Public Accounts Committee...
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7 Apr 16
Somalia and Angola have both begun discussions with the International Monetary Fund for support as their economies struggle under the weight of tumbling oil prices and insecurity respectively.
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6 Apr 16
World Bank president Jim Yong Kim has called on world leaders to focus on boosting developing countries’ economies to “pull the roots” of extremism and prevent future refugee crises.
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6 Apr 16
The International Monetary Fund has welcomed Rwanda’s plans to shelve non-priority spending and dampen demand for imports as low commodity prices deal a hard blow to revenues.
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6 Apr 16
Iceland’s prime minister Sigmundur Davíð Gunnlaugsson has stepped down after revelations in the Panama Papers put him at the centre of a dramatic political crisis.
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5 Apr 16
A new big data tool, launched today in the Philippines, looks set to help manage traffic flows in congested city streets across southeast Asia.
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5 Apr 16
Germany may be a bright spot in the otherwise weak global recovery but challenges, in particular the effective integration of refugees, nevertheless lie ahead, according to the OECD.
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5 Apr 16
International Monetary Fund managing director Christine Lagarde has reiterated calls for a multifaceted approach to counter the weakening global economy amid warnings it is becoming stuck in a “new...
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5 Apr 16
Helen Clark, the head of the United Nations Development Programme, has announced she will run to succeed Ban Ki-Moon as the next UN secretary general.