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26 May 23
Fears over the affordability and security of fossil fuels are set to increase renewable energy investments this year, experts at the International Energy Agency have said.
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24 May 23
Nations raised $95bn through carbon taxes and emissions trading systems last year, an increase of more than 10% on the $84bn raised in 2021, the World Bank said.
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23 May 23
Industry gets more support as Ukraine war continues.
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23 May 23
The international finance system “reflects power relations of 1945” and needs to be updated, said António Guterres.
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23 May 23
Support for Polish farmers struggling with higher costs associated with Russia’s invasion of Ukraine has been approved in Brussels.
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22 May 23
The Ukraine war is set to push up global borrowing despite more expensive costs, the OECD has said.
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18 May 23
Fund green lights $3bn loan programme to expedite fiscal reforms.
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18 May 23
Social reforms and governance change need to continue in the Middle East, says the World Bank.
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17 May 23
Campaigners have called on the World Bank to delay payment of an $800m loan.
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17 May 23
More progress is needed on reform, the IMF has told Sri Lanka
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16 May 23
Regulating crypto assets should help European Union member states close avenues for tax avoidance and tax fraud, leaders have said following an agreement.
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16 May 23
Zimbabwe is under fresh pressure to overhaul its governance structures.
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16 May 23
The US government might not be able to pay all of its obligations within a month if politicians do not raise the country’s ‘debt ceiling’.
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15 May 23
Ratings agency Moody’s has warned Kenya’s domestic funding conditions have deteriorated.
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12 May 23
Saving bumper corporation tax receipts now could help Ireland face future challenges such as its ageing population, the country’s finance minister has said.
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12 May 23
The Pakistani government will not be able to adopt the reforms it needs to recover from a series of financial crises without additional support, the International Monetary Fund has said.
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11 May 23
The Swedish government has spent too much money on widespread energy support that failed to encourage reduced consumption, the nation’s spending watchdog has said.
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10 May 23
Sustained currency depreciation would make borrowing more expensive for Egypt and take up a higher share of revenues, eventually leading to a future credit rating cut for the government, rating...
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4 May 23
Former Mastercard chief executive Ajay Banga has been named as the next president of the World Bank, becoming the first Indian-American to lead the institution.
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3 May 23
The impact of prolonged high inflation is set to hit growth across the Middle East and North Africa this year and accelerate the need for economic reforms, the International Monetary Fund has said.
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2 May 23
A May Day deal on pay has led to a Canadian trade union effectively ending one of the largest public sector strikes in the country’s history.
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2 May 23
Ongoing strikes could hurt the French government’s plans to reduce spending and were highlighted as a major contribution to a cut in its credit rating by Fitch.
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28 Apr 23
The Nigerian government has delayed plans to remove expensive fuel subsidies, despite senior officials recognising the relief is “not sustainable”.
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28 Apr 23
A World Bank programme aimed at boosting Bangladesh’s hope of reaching ‘upper-middle-income’ status by 2031 had been approved and backed with $1.25bn of financing.
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27 Apr 23
A bill passed by the House of Representatives to lift the debt limit and cut future spending has “no chance” of becoming law, the US president’s spokesperson has said.