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31 Aug 17
The United Arab Emirates has opted for what it has said will be one of the world’s lowest value added tax rate when it imposes the tax in January.
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31 Aug 17
The US’s real gross domestic product has increased at a higher rate than expected despite falls in state and local government expenditure, its Commerce Department has said.
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30 Aug 17
Russia’s central bank has had to rescue one of the country’s largest financial institutions.
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29 Aug 17
A debate has been sparked in Malaysia over how the country measures its gross domestic product (GDP).
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29 Aug 17
The Asian Development Bank (ADB) has proposed the creation of national green financing vehicles to promote environmentally and financially sustainable infrastructure investments.
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25 Aug 17
Indonesia’s finance minister Sri Mulyani Indrawati has received recommendations from the country’s budget committee aimed at improving the draft bill on accountability of the state budget.
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25 Aug 17
The recent increase in Pakistan’s current account deficit was largely driven by a sharp increase in imports of machinery for power generation, textile construction and import of petroleum products,...
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25 Aug 17
Sri Lankan government departments have been warned that all budget proposals for next year should include key performance indicators alongside their output targets.
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24 Aug 17
The Inter-American Development Bank has approved a $400m loan to support renovation and electrification work of an urban railway in Argentina.
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24 Aug 17
Zambia and South Africa intend to collaborate in tax administration, treasury management, revenue collection, trade and revenue leakage prevention.
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24 Aug 17
People are being driven by the effects of drought to flee Central America into the United States, the World Food Programme has said.
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24 Aug 17
The World Bank has denied reports that it was financing a €1bn project to electrify a railway in Iran.
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24 Aug 17
Brazil has launched a large-scale privatisation plan to sell off highways, ports and the country’s mint in an attempt to raise government revenue and improve infrastructure investment.
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24 Aug 17
The World Bank has approved a $20m tranche of funding to modernise government services in Moldova.
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23 Aug 17
The African Development Bank Group has banned China’s Chongqing International Construction Corporation (CICO) from bidding for contracts for at least a year after a corruption probe.
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22 Aug 17
Bahrain urgently requires an additional sizable and frontloaded fiscal adjustment to reduce its large fiscal and external financing needs, the International Monetary Fund has said.
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22 Aug 17
The International Labour Organisation (ILO) has launched a commission to examine the future of work.
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22 Aug 17
China’s proposed ’belt and road’ network of surface and sea links to Europe will need measures in place to prevent the spread of epidemics, World Health Organisation director-...
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21 Aug 17
Sri Lanka would be able to meet its current and future electricity demand by use of renewable energy by 2050, according to a joint study by the UN Development Programme and Asian Development Bank.
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21 Aug 17
The World Bank has signed a zero-interest $200m credit with Myanmar to help with programmes that include better public debt management, increased tax collection and stronger public finance management.
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21 Aug 17
Africa cannot “develop in the dark”, African Development Bank president Akinwumi Adesina has said, explaining the bank’s emphasis on investment in electricity.
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18 Aug 17
The Asian Development Bank and the Green Climate Fund have signed an agreement that will allow the bank to increase its climate financing in developing member countries.
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18 Aug 17
The Philippine government has launched a new catastrophe risk insurance programme to help it respond to losses from natural disasters.
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18 Aug 17
More emergency aid from the UK will be sent to Sierra Leone, international development secretary Priti Patel announced today.
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18 Aug 17
Annual inflation in the whole EU is stable at 1.5%, and at 1.3% in the eurozone, the Eurostat statistical body of the EU has said in its monthly update for July.