-
28 Jul 21
Violent civil unrest in South Africa risks harming the economic recovery from Covid-19 and threatens medium-term growth, according to rating agency S&P Global.
-
28 Jul 21
Highly infectious new strains of Covid-19 could scupper the economic recovery and take as much as $4.5trn off of global GDP by 2025, the International Monetary Fund’s chief economist has warned.
-
23 Jul 21
The European Central Bank will not risk harming the economic recovery from Covid-19 by withdrawing its emergency monetary support early, its president has said.
-
16 Jul 21
International Monetary Fund officials are negotiating a deal aimed at sorting out Argentina’s $45bn debt it currently has with the fund, a spokesman has said.
-
16 Jul 21
Plans for a 'green tariff' on carbon-intensive goods entering the European Union risk leaving developing countries at a disadvantage, a report has warned.
-
15 Jul 21
An ongoing third wave of Covid-19 cases has caused the World Bank to lower its growth projections for Thailand, which it said needs to maintain its support for the most in need.
-
15 Jul 21
The Reserve Bank of New Zealand has said it will halt its bond-buying programme as the economic recovery from Covid-19, becoming one of the first advanced economy central banks to do so.
-
14 Jul 21
Estonia is holding back its support for the OECD-led worldwide shake-up of corporation tax despite hosting no companies that would be affected.
-
13 Jul 21
The European Commission has put plans for an online sales tax on hold following the G20’s endorsement of a global corporation tax deal and pressure from the US.
-
9 Jul 21
The International Monetary Fund's record $650bn liquidity stimulus in response to Covid-19 is expected to be operational by the end of August.
-
9 Jul 21
The European Central Bank will now accept “temporary deviation” around its new inflation target of 2% as part of a fresh monetary policy strategy.
-
8 Jul 21
Covid-19 has created a “profound debt crisis that will turbo-charge global inequality”, with governments in poorer countries unable to support their vulnerable citizens, a Public Finance Live 2021...
-
6 Jul 21
France wants the European Union’s new joint debt mechanism, set up on a temporary basis to finance Covid-19 recovery spending, to be made permanent in order to drive investment in technology.
-
5 Jul 21
Joe Biden’s social and infrastructure spending has been tipped to still have a noticeable impact on GDP in a decade’s time because he is targeting long-term benefits to the economy.
-
2 Jul 21
International reforms of corporation tax could have “serious implications” for Ireland’s public finances, a report from the country’s central bank has warned.
-
2 Jul 21
A “historic” agreement on corporation tax between 130 countries and territories will increase global public revenues by around $150bn according to the OECD, which led the negotiations.
-
1 Jul 21
Sudan will have nearly all its external debt wiped after qualifying for a World Bank and International Monetary Fund initiative.
-
29 Jun 21
Uganda is to receive $1bn from the International Monetary Fund to help its economy as it struggles with the impact of Covid-19.
-
24 Jun 21
Rich nations could fully restore reserve levels in low-income countries by diverting less than half of their share of an International Monetary Fund funding stream, according to ratings agency S&...
-
24 Jun 21
Africa will need $485bn of additional financing between 2021 and 2023 to ward off a debt crisis, the president of the continent’s largest multilateral development bank has said.
-
21 Jun 21
Continued over-reliance on oil has left Gulf Cooperation Council countries very exposed to shocks amid faltering diversification efforts, analysts have warned.
-
21 Jun 21
Expensive loans taken out by Russian regional governments will be replaced by long-term low-interest loans from the central government as president Vladimir Putin aims to bring the sector’s finances...
-
18 Jun 21
High US inflation rates related to the Covid-19 bounceback are set to be transitory, but interest rates rises might be needed by 2023 to deal with longer-term inflationary pressures, according to the...
-
18 Jun 21
Norway’s central bank says that it is likely to raise its interest rate above the current 0% level in September.
-
15 Jun 21
Muhammad Afnan Alam explores the G7 commitment to push for at least a 15% global minimum rate of corporation tax.