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20 Apr 21
Canada’s first pandemic budget includes huge childcare spending and Covid-19 relief, as well as a plan to slash the deficit over the next few years.
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20 Apr 21
Proposed tax reforms will be critical to ensuring Colombia’s debt levels are stabilised in the medium-term, according to ratings agency Fitch.
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19 Apr 21
Rising debts and the differing strength of public finances across eurozone countries make reforming European fiscal rules more challenging, ratings agency Fitch said in a report.
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19 Apr 21
Rating’s agency Standard and Poor’s has revised up its ratings outlook for US local and state governments due to increased support from president Joe Biden’s rescue package.
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19 Apr 21
A small ‘wealth tax’ on stocks of giant companies could raise $180bn each year and address problems that have been exacerbated by the pandemic, a French economist has said.
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16 Apr 21
Experts say that the Biden administration’s move to ban US financial institutions from participating in the primary market for Russian bonds is likely to have little impact.
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15 Apr 21
The first meeting of Turkey’s monetary policy committee since president Recip Tayyip Erdogan sacked his previous central bank governor has frozen the country’s benchmark interest rate.
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15 Apr 21
Efficiently shifting workers from unviable parts of the economy to growth sectors will halve medium term scarring to the European economy after Covid-19, according to a leading IMF official.
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14 Apr 21
A petition by 200,000 Kenyans is calling on the International Monetary Fund to stop lending their government money, forcing a minister to defend a $2.34bn funding deal signed on 3 April
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14 Apr 21
Major economies need to make a much greater effort to reach their aid goals, despite spending hitting a record $161bn in 2020, according to the OECD.
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14 Apr 21
Vietnam’s successful campaign to contain the spread of Covid-19 could lead to an upgrade to its credit rating, according to a ratings agency.
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14 Apr 21
Ecuador’s election winner Guillermo Lasso has said he will revive the country’s struggling economy by eliminating the deficit within his term.
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13 Apr 21
India’s planned 111 trillion rupees (£1trn) investment in infrastructure will require the state to play a major role in attracting investment, according to ratings agency Standard and Poor’s.
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13 Apr 21
Greece’s public debt rose to 207% of GDP at the end of 2020 but remains on a sustainable footing, according to ratings agency Fitch.
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12 Apr 21
The International Monetary Fund has revised up the growth forecast for the Middle East and North Africa region in 2021 by 0.8 percentage points.
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12 Apr 21
Low-income countries have received just 0.2% of Covid-19 vaccines and advanced economies need to step up financing efforts amid growing deaths and new variants, the World Health Organisation has...
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12 Apr 21
Undeserving private sector lenders could benefit from International Monetary Fund action aimed at helping poorer countries recover from Covid-19, a former deputy director of the fund has warned.
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9 Apr 21
A rise in inflation could be a desirable way to help pay off Covid-19 debt, as bond markets continue their popularity, according to a leading chief investment officer.
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9 Apr 21
Bitcoin “does not fulfil the basic properties of money” according to an executive board member at the European Central Bank.
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9 Apr 21
Governments should consider implementing a one-off wealth tax to help pay for the cost of Covid-19 support packages, according the International Monetary Fund.
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8 Apr 21
Japan could supplement its record budget, passed last month, if pandemic costs rise, a senior official has said.
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7 Apr 21
Prospects for economic recovery vary starkly across regions and between countries despite the world economy emerging from the worst phase of the Covid-19 pandemic, the International Monetary Fund has...
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7 Apr 21
The coronavirus pandemic saw Germany’s public sector deficit reach €189bn last year, the largest budgetary gap since its reunification in 1990.
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7 Apr 21
A worldwide agreement on taxing multinational companies appears closer after the US signalled its support for a minimum global rate of corporation tax, European finance ministers have said.
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6 Apr 21
Around 25 countries – about one in eight – spent more on servicing debts in 2019 than on education, health and social protection combined, according to UNICEF.