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12 Jan 22
Chile’s lower legislative house has passed the introduction of a tax on the country’s super rich to fund a new state pension, paving the way for a standoff with the president who rejects the idea.
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11 Jan 22
More than 15 Democrats Congress members have urged Treasury secretary Janet Yellen to vote in favour of abolishing the International Monetary Fund’s high fees for long-term debtors , amid fears it...
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11 Jan 22
United Nations agencies are asking donors for a record sum of aid to help people in Afghanistan through a political and economic crisis.
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10 Jan 22
A disagreement between Argentina and the International Monetary Fund on refinancing a $45bn loan has seen the price of the nation's bonds tumble.
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10 Jan 22
Policymakers in emerging economies will need to let their currencies depreciate and raise interest rates in response to US Federal Reserve monetary policy tightening, International Monetary Fund...
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10 Jan 22
Malaysia needs to accelerate efforts to improve revenue generation, to help provide more fiscal space for public spending and debt interest costs, according to the World Bank Group.
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7 Jan 22
Regional authorities in Italy are expected to recover throughout this year, after central government support helped to cushion the impact of Covid-19, according to ratings agency Fitch.
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7 Jan 22
The US Federal Reserve has indicated it could hike interest rates faster-than-expected and begin to reduce the level of debt it holds, to help mitigate soaring inflation.
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6 Jan 22
Former South African president Jacob Zuma was under “considerable influence” from private bodies during his tenure, leading to rampant corruption, according to the preliminary findings of a landmark...
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5 Jan 22
France’s central bank chief has predicted inflation will decrease during 2022 and European central banks will be able to unwind monetary policy support they set up amid Covid-19.
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4 Jan 22
Sri Lankan finance minister Basil Rajapaksa has announced large economic relief measures amid rising food prices but remains determined the government will meet its debt obligations, despite rating...
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4 Jan 22
Germany’s new coalition government will give people and businesses “well over €30bn” of tax breaks while keeping the country tied to fiscal balance, its finance minister has said.
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23 Dec 21
The International Monetary Fund’s $57bn agreement with Argentina failed to deal with the country’s structural problems, an internal investigation has found.
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22 Dec 21
China has underspent compared to its budget this year despite the economic recovery from Covid-19 slowing down.
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21 Dec 21
Canada’s decision to implement its digital services tax in 2024 if global reforms stutter has concerned the US administration, which has threatened to look again at its trade agreements with its...
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21 Dec 21
The European Central Bank has decided to still allow itself to purchase Greek government bonds even after it stops net asset-buying next year.
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21 Dec 21
The Swedish government is set to reintroduce Covid-19 support measures for businesses this month, as the nation enters into restrictions to help reduce infections.
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20 Dec 21
The International Monetary Fund office in Brazil will close next year after the country’s finance minister criticised the fund for making “wrong predictions” about the economy.
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20 Dec 21
Poor public finance management systems hinder growth in African countries and risk causing governments electoral troubles – or even violent unrest – in the near future, an academic has warned.
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16 Dec 21
Worldwide debt rose to 256% of GDP in 2020 according to new statistics released by the International Monetary Fund.
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16 Dec 21
The US Federal Reserve is set to taper its bond buying faster-than-expected, alongside interest rate rises next year, to help reduce inflationary pressures.
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15 Dec 21
New Zealand's government is forecasting a budget surplus in 2024, three years earlier than previous projections, as the nation continues to recover from Covid-19.
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15 Dec 21
Canada’s high spending during the pandemic has been hailed as the reason for the country’s swift economic recovery from the shock of 2020.
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15 Dec 21
The US Congress has voted to raise the government’s debt ceiling, just hours before the country risked defaulting on its obligations.
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15 Dec 21
The auditor general of New South Wales in Australia has said she will not sign off on the state’s 2020-21 financial report while “significant accounting issues” relating to a state-owned company...