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26 Jun 23
Governments should raise taxes or cut spending in a bid to reduce the burden on monetary policy in the fight against inflation, a central bank body has argued.
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23 Jun 23
Zambia’s bilateral creditors have agreed a deal to restructure billions of dollars worth of loans through the G20’s much-criticised ‘common framework’.
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23 Jun 23
Bahrain’s state investment fund Mumtalakat is increasing its holding in the motor racing and high-end sports car maker.
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23 Jun 23
Turkey has nearly doubled its interest rates, reversing its longstanding controversial approach of loosening monetary policy to deal with extraordinarily high inflation.
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20 Jun 23
Finance ministries have an important part to play in dealing with the climate crisis, a group of ministers have said as they publish a guide for embedding green considerations into financial decision...
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20 Jun 23
Taxes on the world’s richest people and debt cancellation could help to fund climate change mitigation and adaptation projects in poorer countries and reverse growing inequalities, experts have said.
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19 Jun 23
Governments across the world will fail to fund the transition to net zero without reversing trillions of dollars of agriculture, fishing and fossil fuels subsidies, economists at the World Bank have...
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16 Jun 23
The US Federal Reserve and European Central Bank have announced their new rates
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16 Jun 23
US senators have tabled a bill that would allow the transfer of seized Russian government assets to Ukraine to fund its reconstruction after being devastated by war.
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14 Jun 23
The South African government is set to rubber stamp reforms that could pave the way for universal healthcare ending a two-tier system.
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13 Jun 23
The European Union has agreed a package of more than €1bn with Tunisia containing significant support for the latter’s border controls, as well as finance linking to other areas of reform.
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13 Jun 23
The Gambia is set to receive the final tranche of a $94m International Monetary Fund development package.
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12 Jun 23
The Nigerian government has suspended the governor of its central bank amid an ongoing investigation.
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9 Jun 23
The wide scope of European Union development spending in other countries could limit the programme’s impact, the bloc’s spending watchdog has warned.
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9 Jun 23
Fiscal policy needs to focus on boosting productivity in order to push the global economy away from the gloomy outlook, the OECD has said upon publishing its latest judgement of the world’s GDP...
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9 Jun 23
Libya is too reliant on oil and gas, the International Monetary Fund found in its first review of the economy in a decade – during which analysis was made impossible by war and fragmentation.
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6 Jun 23
The world economy is “precarious” in the context of high interest rates, slow trade and huge debt pressures, the World Bank has said as it released its latest Global Economic Prospects report.
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6 Jun 23
The World Bank’s new president has been selected as member countries demand big reforms.
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6 Jun 23
The rise of artificial intelligence has the potential to boost productivity by trillions of dollars but risks disruption at a scale governments are not yet ready to deal with, the International...
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2 Jun 23
Last year governments in Western Europe saw revenue grow much faster than spending, but that is unlikely to be the case again in 2023, according to analysts.
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2 Jun 23
The Oman government is set to invest more than £4bn in a bid to reduce the nation’s dependence on fossil fuel revenues.
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31 May 23
The International Monetary Fund announced the funding allocation, which forms part of a $15.6bn programme for the war-torn nation.
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30 May 23
The US will limit spending but suspend its debt ceiling and avoid a “catastrophic” default, if a deal made between president Joe Biden and speaker Kevin McCarthy is voted through.
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30 May 23
Potential sanctions linked to South Africa’s position on Russia could push the country into a financial crisis, its central bank has warned.
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26 May 23
The Horn of Africa will need at least $7bn in aid this year to avoid a catastrophe caused by climate change and conflict, the UN has said.
26 Jun 23Governments should raise taxes or cut spending in a bid to reduce the burden on monetary policy in the fight against inflation, a central bank body has argued.
23 Jun 23Zambia’s bilateral creditors have agreed a deal to restructure billions of dollars worth of loans through the G20’s much-criticised ‘common framework’.
23 Jun 23Bahrain’s state investment fund Mumtalakat is increasing its holding in the motor racing and high-end sports car maker.
23 Jun 23Turkey has nearly doubled its interest rates, reversing its longstanding controversial approach of loosening monetary policy to deal with extraordinarily high inflation.
20 Jun 23Finance ministries have an important part to play in dealing with the climate crisis, a group of ministers have said as they publish a guide for embedding green considerations into financial decision...
20 Jun 23Taxes on the world’s richest people and debt cancellation could help to fund climate change mitigation and adaptation projects in poorer countries and reverse growing inequalities, experts have said.
19 Jun 23Governments across the world will fail to fund the transition to net zero without reversing trillions of dollars of agriculture, fishing and fossil fuels subsidies, economists at the World Bank have...
16 Jun 23The US Federal Reserve and European Central Bank have announced their new rates
16 Jun 23US senators have tabled a bill that would allow the transfer of seized Russian government assets to Ukraine to fund its reconstruction after being devastated by war.
14 Jun 23The South African government is set to rubber stamp reforms that could pave the way for universal healthcare ending a two-tier system.
13 Jun 23The European Union has agreed a package of more than €1bn with Tunisia containing significant support for the latter’s border controls, as well as finance linking to other areas of reform.
13 Jun 23The Gambia is set to receive the final tranche of a $94m International Monetary Fund development package.
12 Jun 23The Nigerian government has suspended the governor of its central bank amid an ongoing investigation.
9 Jun 23The wide scope of European Union development spending in other countries could limit the programme’s impact, the bloc’s spending watchdog has warned.
9 Jun 23Fiscal policy needs to focus on boosting productivity in order to push the global economy away from the gloomy outlook, the OECD has said upon publishing its latest judgement of the world’s GDP...
9 Jun 23Libya is too reliant on oil and gas, the International Monetary Fund found in its first review of the economy in a decade – during which analysis was made impossible by war and fragmentation.
6 Jun 23The World Bank’s new president has been selected as member countries demand big reforms.
6 Jun 23The rise of artificial intelligence has the potential to boost productivity by trillions of dollars but risks disruption at a scale governments are not yet ready to deal with, the International...
2 Jun 23Last year governments in Western Europe saw revenue grow much faster than spending, but that is unlikely to be the case again in 2023, according to analysts.
2 Jun 23The Oman government is set to invest more than £4bn in a bid to reduce the nation’s dependence on fossil fuel revenues.
31 May 23The International Monetary Fund announced the funding allocation, which forms part of a $15.6bn programme for the war-torn nation.
30 May 23The US will limit spending but suspend its debt ceiling and avoid a “catastrophic” default, if a deal made between president Joe Biden and speaker Kevin McCarthy is voted through.
30 May 23Potential sanctions linked to South Africa’s position on Russia could push the country into a financial crisis, its central bank has warned.
26 May 23The Horn of Africa will need at least $7bn in aid this year to avoid a catastrophe caused by climate change and conflict, the UN has said.
