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17 Nov 17
Russia has agreed to a $3.15bn restructuring deal of Venezuela’s debt over a 10-year period, Russia’s Finance Ministry said on Wednesday.
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17 Nov 17
The UK government’s aid department must justify its spending to the public in the same way charities do, the new international development secretary has said.
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17 Nov 17
The EU’s member states should suspend the rollout of harmonised public sector accounting standards across the bloc and plough the money saved back into budgets, German auditors have said.
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16 Nov 17
Zimbabwe needs businesses to operate freely and fairly to help the “mismanaged” economy recover, a research fellow at an independent think-tank has told Public Finance International.
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14 Nov 17
European economies are recovering but governments should “prepare for a rainy day”, the International Monetary Fund has said.
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14 Nov 17
The African Development Bank has approved a €71.56m loan to strengthen Tunisia’s public services through digitalisation.
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14 Nov 17
Venezuela has been declared in default after missing interest payments on its $60bn bond debt.
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14 Nov 17
The International Monetary Fund has announced the payment of a $2bn loan to Egypt following its economic reforms.
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13 Nov 17
The World Health Organisation wants to triple the levels of international financial support to tackle climate change and associated health issues in small island developing states.
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13 Nov 17
The UK is set to agree a $2bn loan guarantee for the world’s leading oil producer in the battle to secure one of the largest-ever initial public offerings.
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13 Nov 17
The South African government should increase spending on higher education to at least 1% of gross domestic product, a presidential commission report released on Monday said.
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13 Nov 17
The International Monetary Fund has predicted Rwanda’s economic growth will hit 5.2% this year, well above average for the sub-Saharan Africa region.
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10 Nov 17
A business school and philanthropic organisation are teaming up to find ways of identifying the risk of governments becoming unwilling or unable to meet loan obligations.
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10 Nov 17
Accountants who qualify at the University of Malaya will now be exempt from certain exams to complete the CIPFA International Public Financial Management qualification.
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10 Nov 17
The international standard for cash basis accounting has been revised to make the transition to accruals more “achievable”, the International Public Sector Accounting Standards Board has...
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9 Nov 17
Penny Mordaunt will join the UK cabinet as the new secretary of state for international development, following the resignation of Priti Patel.
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9 Nov 17
Accountants from across the globe consider grant misspending to be the top public sector fraud risk, according to research co-released by CIPFA today.
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9 Nov 17
Puerto Rico is pushing for an “unprecedented” amount of funding and assistance from the US government to help it recover from the September hurricanes, an official has said.
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9 Nov 17
US president Donald Trump’s administration is harming the global economy, according to a survey of international economic experts.
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8 Nov 17
The UK government should take action to increase transparency and tackle tax dodging, which is costing the world’s poorest regions $170bn every year, Oxfam has said.
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7 Nov 17
Saudi Arabia’s crown prince is leading a crack-down on corruption, which has led to the arrest of dozens of royal figures, ministers and businessmen.
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7 Nov 17
Uganda’s overall fiscal deficit has widened and the government is increasingly in financial need because of difficulties in getting its budget passed, the International Monetary Fund has said....
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7 Nov 17
An international accounting standard has finally been released for consultation after 15 years but - in a first - an alternative view has been included.
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6 Nov 17
The UK should double its aid spending on research and development to ensure post-Brexit Britain becomes a world technology leader, a think-tank has said.
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6 Nov 17
IMF is “too gloomy” in its economic outlook for sub-Saharan Africa, an economist at the Overseas Development Institute has said.