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18 Apr 17
The World Bank has slashed its growth forecast for the Middle East and North Africa by almost one percentage point, as war and low oil prices batter the region’s economies.
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16 Apr 17
The UK has today announced £205m in aid to protect over 200 million people from treatable tropical diseases that receive little international attention.
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13 Apr 17
Better tax policies are key to solving the global productivity problem, adding roughly one percentage point to long-term GDP growth in the process, the International Monetary Fund has said.
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13 Apr 17
A fundamental rethink of development finance is needed to ensure the equality of opportunity that will prevent a descent into fragility, conflict and extremism, the head of the World Bank has said.
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13 Apr 17
Ensuring sound government finances should be a priority for developing countries in East Asia and the Pacific, the World Bank has said.
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12 Apr 17
Italy has approved €3.4bn worth of emergency cuts, yielding to a European Commission demand that it do more on its deficit or face sanctions.
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12 Apr 17
A move towards protectionism would constitute a “self-inflicted wound” and only serve to damage growth, International Monetary Fund chief Christine Lagarde has warned.
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12 Apr 17
Four major emerging economies have urged developed nations to boost their climate change aid to poorer countries, in line with commitments made under 2015’s landmark Paris agreement.
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11 Apr 17
More taxes, better monitoring and more transparent spending will be needed in Qatar to offset the impact of a price slump on the country’s commodity-reliant economy, according to the International...
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11 Apr 17
Aid to the world’s poorest nations fell by almost 4% last year as western donors diverted funds to hosting refugees at home, the OECD has said.
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11 Apr 17
The Philippines will remain one of the region’s top tiger economies for the next two to three years, the World Bank has predicted.
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11 Apr 17
Technology, not global trade, is the key reason workers have not benefited from economic growth, the International Monetary Fund has said.
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10 Apr 17
The benefits of open trade are “broad and deep” and should not be forgone, the World Bank, International Monetary Fund and World Trade Organisation have stressed.
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10 Apr 17
Government support for agriculture in the Philippines is inefficient and in some ways counterproductive, increasing the country’s malnutrition problem, the OECD has said.
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10 Apr 17
At least $2.7bn worth of property in Brazil’s São Paulo is owned via secretive companies registered in offshore jurisdictions, an investigation by Transparency International has found.
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10 Apr 17
The Zika epidemic could cost Latin America and the Caribbean $18bn by 2018, an analysis by the United Nations Development Programme has found.
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7 Apr 17
Fitch Ratings has today downgraded South Africa’s credit rating to junk status following president Jacob Zuma’s dismissal of trusted finance minister Pravin Gordhan.
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7 Apr 17
Brexit could put Africa’s future growth at risk, Adam Elhiraika, director of the United Nations Economic Commission for Africa, has said.
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7 Apr 17
The success of domestic monetary policy can be hamstrung by the impact of sudden foreign shocks in globally integrated economies, the International Monetary Fund has concluded.
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7 Apr 17
Greece and its creditors have chipped away at a deadlock over the next phase of its €86bn bailout deal, reaching an agreement on the “overarching issues”.
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6 Apr 17
Campaigners have called for greater transparency in British aid spending as it is channelled through an increasingly broad range of government departments.
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6 Apr 17
The share of overseas aid that is given without conditions and untied to businesses in donor countries has dropped for the second time in two years, the OECD has said.
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6 Apr 17
Ukraine could be on track to receive a total of $5.5bn from the International Monetary Fund this year if the country presses ahead with anti-corruption and pension reforms.
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6 Apr 17
Aid agencies are failing to take full advantage of the transformative potential of humanitarian cash transfers, the UK’s Overseas Development Institute has concluded.
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6 Apr 17
Pakistan will not meet its deficit target in 2017, the government has admitted, as the International Monetary Fund warned more tax increases and spending cuts will be needed to maintain progress.