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5 Oct 21
A failure to increase or suspend the US debt limit could lead to negative credit rating actions, according to ratings agency Fitch.
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5 Oct 21
Lebanon has announced the resumption of talks with the International Monetary Fund on funding, following the formation of a new government.
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4 Oct 21
The World Bank has approved a loan of US$500m to strengthen Argentina’s efforts to contain the Covid-19 pandemic.
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1 Oct 21
New South Wales premier Gladys Berejiklian has resigned after corruption investigators announced they were looking into whether she had acted dishonestly regarding public grant funding.
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1 Oct 21
The Saudi Arabian government has forecast a budget surplus from 2023, as recovering oil prices has seen revenues rise.
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1 Oct 21
Central bankers need to create digital currencies or they risk losing control to cryptocurrencies and the private sector, a report from the global central banking body has said.
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30 Sep 21
More than 75% of Venezuelans now live in extreme poverty, fuelled by the nation’s economic crisis, a study has claimed.
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30 Sep 21
Governance and transparency reforms in the Republic of Congo would allow the government access to “much-needed financing”, according to the International Monetary Fund.
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29 Sep 21
The US could default on its borrowing for the first time in its history as soon as next month, unless its statutory debt limit is lifted, according to Treasury secretary Janet Yellen.
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29 Sep 21
Lower and middle income countries have far more debt to China than many institutions believe, and the problem is becoming worse, a US study has found.
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29 Sep 21
The Indonesia government is set to spend $190bn next year, as the nation aims to gradually reduce its deficit to 3% of GDP.
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28 Sep 21
A fund to help European Union member countries weather the negative impacts of Brexit will be created after getting final approval by the European Council.
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28 Sep 21
A data scandal involving International Monetary Fund managing director Kristalina Georgieva threatens the credibility of the Bretton Woods system, according to US senators.
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28 Sep 21
German finance minister Olaf Scholz is trying to form a government after his party narrowly won the German elections. PFF takes a look at what a Scholz premiership could mean for German fiscal policy.
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27 Sep 21
Slovenia’s budget watchdog has told the government it cannot use Covid-19 as cover for high spending ahead of the general election next year.
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27 Sep 21
Turkey’s central bank has cut its benchmark policy rate despite inflation being so high that borrowing costs were already negative in real terms, a move that one economist said points to undue...
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27 Sep 21
The French government’s ability to reduce its debt levels – which spiked due to Covid-19 – will be a key driver in future ratings, according to agency Moody’s.
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24 Sep 21
Strong economic growth and higher-than-predicted revenue in recent months have been tipped to make South Africa’s fiscal goals easier to achieve.
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24 Sep 21
A Polish regional government scrapped an anti-LGBT resolution, becoming the first such authority in the country to do so amid rising tensions between Poland and the European Union that could see...
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23 Sep 21
World Bank researchers expect 52 countries to cut spending per head to below pre-pandemic levels in the next five years, despite the world economy gradually recovering from the Covid-19 crash.
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23 Sep 21
Norway’s has raised its main interest rate, saying it is "likely" that further increases will come as the nation emerges from Covid-19.
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22 Sep 21
The Nigerian government received 33% more income from a eurobond than previously expected, which it described as an “excellent outcome”.
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22 Sep 21
The Ethiopian government has asked for support from the International Monetary Fund to replace an expiring programme, amid its international creditors’ efforts to restructure its debts.
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22 Sep 21
Irish leaders have spoken less harshly than usual about a planned global shake-up of corporation tax, which would see them raising the rate on the many large multinational companies with headquarters...
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22 Sep 21
Rapid growth in green bond values could represent a boom similar to the dotcom and sub-prime mortgage bubbles that burst in recent years, according to a global central banking institution.