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11 Oct 17
Public-private partnerships are too expensive, high risk and “encourage corruption and bad decision-making”, civil society organisations said as they launched a campaign to stop their...
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11 Oct 17
Cambodia’s public finance management system has been “substantially strengthened” at a central level, the World Bank has reportedly said.
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11 Oct 17
Global growth is projected to rise, but its recovery is “incomplete” and may not last, the IMF has warned.
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11 Oct 17
Developing countries need more money to educate girls in order to grow local and global economies, an advocacy organisation has said.
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10 Oct 17
The escalating levels of debt and growth of liquidity across the world could cause another financial crisis, the departing German finance minister has warned.
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9 Oct 17
The European Commission will give an additional €4m to Serbia to assist refugees and asylum-seekers in the country, it said yesterday.
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9 Oct 17
The Cypriot economy still faces “sizeable downside risks”, with high private sector debt and a high proportion of non-performing loans.
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9 Oct 17
The European Investment Bank’s plan for the region will add 690,000 new jobs by 2020 and help boost the European economy, the bank has said.
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6 Oct 17
Developing countries need to adapt national and international policies to cope with the rising wages in their nations, OECD members have said.
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4 Oct 17
The European Commission has proposed new reforms to crack down on VAT fraud and ensure a more robust and simpler system for governments and companies.
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4 Oct 17
Côte d’Ivoire’s fiscal deficit is expected to decrease to 3.75% of GDP next year as its economic performance remains strong, despite the falling cacao prices, according to the IMF.
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4 Oct 17
Advanced economies are not doing enough to close gender gaps, despite increased focus on getting more women into public and private sector leadership, the OECD has said.
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4 Oct 17
European Union plans to introduce a common railway signalling system across the bloc is running behind schedule and the implementation target could be missed, auditors have warned.
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4 Oct 17
Albania needs to collect more taxes and strengthen its public investment management, despite the economy’s continued recovery, the IMF has said.
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3 Oct 17
The UK has announced plans to clamp down on the risk of profiteering, excessive charges and unscrupulous practices as part of a new reform on aid suppliers.
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2 Oct 17
The Asian Development Bank plans to up its annual lending to India to $4bn in an effort to accelerate the country’s economic transformation towards upper middle-income status.
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2 Oct 17
The World Health Organisation is appealing for $1.5m as it increases its response to an outbreak of plague in Madagascar.
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2 Oct 17
The United Arab Emirates’ new excise tax came into effect yesterday, with tobacco and energy drinks taxed at 100% and soft drinks at 50%.
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2 Oct 17
The Asian Development Bank has approved financing of up to $900m to upgrade Sri Lanka’s road network, as well as a $50m loan to fund solar power generation systems.
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29 Sep 17
Governments in Europe and the EU continue to subsidise and finance fossil fuels, such as oil, gas and coal, despite their commitment to climate change and the Paris Agreement, the Overseas...
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29 Sep 17
Saudi Arabia has raised $12.5bn from its third international bond sale this year to bridge a budget shortfall and weak oil prices.
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29 Sep 17
South Africa’s finance minister has said he won’t “dip into pensions” to bail out struggling state-owned companies, despite reports suggesting the treasury is seeking $7.50bn...
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29 Sep 17
A eurozone finance minister and a joint eurozone budget could be features of the European Union under plans being considered by the leaders of France and Germany.
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29 Sep 17
The Egyptian government’s attempt to restore economic stability and higher long-term growth is off to a “good start”, the International Monetary Fund has said.
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29 Sep 17
Japan’s government needs to set a new timeframe to achieve its budget-balancing goal, currently set for the fiscal year 2020/21, finance minister Taro Aso has said.