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29 Mar 21
Latin American nations will record the slowest Covid-19 recovery of developing economies, due to legacy structural economic weaknesses, according to rating’s agency Standard and Poor’s.
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29 Mar 21
An impending debt crisis in developing countries will lead to “another lost decade” without decisive action, according to the head of the United Nations.
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29 Mar 21
About 1.3 million people could become exempt from income tax in Argentina in a move lawmakers say will boost the country’s sluggish economy.
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26 Mar 21
Borrowing by local and regional governments around the world is set to balloon by a third to $2.25trn this year – but credit ratings in developed countries are set to be unaffected, according to a...
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25 Mar 21
Germany will ignore its debt ceiling for the second year running after approving its 2021 federal budget.
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24 Mar 21
Argentina has entered into its third successive year of recession, as the impact of Covid-19 saw its GDP contract by almost 10% last year, according to its national statistics agency.
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24 Mar 21
Africa will need to be able to manufacture its own vaccines to speed up its economic recovery from the Covid-19 crisis, a United Nations panel has been told.
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24 Mar 21
The economic disruption caused by Covid-19 will have a long-lasting impact on public finances and sovereign credit ratings, according to ratings agency Fitch.
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24 Mar 21
The International Monetary Fund is preparing to expand its reserves for the first time since 2009 to help governments deal with the economic fallout of Covid-19.
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23 Mar 21
President Recep Tayyip Erdogan has unexpectedly fired the governor of Turkey’s central bank just three months into his term.
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23 Mar 21
US president Joe Biden is considering proposals for a $3trn infrastructure, climate and job support package, according to reports.
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22 Mar 21
Elevated debt levels resulting from the Spanish government’s Covid-19 underwriting of business loans, could put stress on its future credit rating, according to ratings agency Standard and Poor’s.
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22 Mar 21
Hong Kong will remain a ‘tax haven’ according to one of the city’s top officials, amid concerns surrounding a fiscal deficit caused by Covid-19 and tensions with mainland China.
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22 Mar 21
Emergency cash transfers to vulnerable Brazilians will stop in four months’ time because there is “no money” to continue the scheme, one of the president’s advisers has said.
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22 Mar 21
Weak growth will hamper many economies in the Americas in the coming years without fiscal and institutional reforms, the region’s largest multilateral bank has warned.
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19 Mar 21
Unabated global warming could lead to more than 60 countries having their credit ratings downgraded by the end of this decade, according to a study.
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19 Mar 21
Lebanon’s only option for halting the country’s financial collapse is re-engaging with the International Monetary Fund, according to prime ministerial candidate Saad al-Hariri.
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18 Mar 21
Global GDP forecasts for 2021 have been revised up due to the “larger than expected” $1.9trn US stimulus package, according to rating’s agency Fitch.
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17 Mar 21
The Chinese Government’s ‘underwhelming’ energy transition plan could reduce interest in green bonds issued by the nation, according to experts.
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17 Mar 21
Governments are failing to ‘build back better’ from Covid-19, with just 18% of recovery spending going on ‘green' projects, a group of academics and the United Nations has said.
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17 Mar 21
A group of Democratic US politicians have proposed spending $12bn more on foreign affairs after years of flat spending.
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16 Mar 21
Former Australian finance minister Mathias Cormann has been appointed as the next secretary general of the OECD.
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16 Mar 21
Malaysia is likely to become a high-income economy between 2024 and 2028 but must ensure its development is sustainable, the World Bank has said.
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16 Mar 21
The eurozone’s relaxation of its debt and spending rules should continue into next year, the bloc's finance ministers have said.
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16 Mar 21
Asia-Pacific nations must refocus their efforts on achieving sustainable development goals, according to the Asian Development Bank.