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22 Jan 21
The climate credentials of the European Investment Bank, the EU financing arm, have been questioned by campaigners who say it has more to do to meet its green ambitions.
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19 Jan 21
Allegations of widespread corruption in the British Virgin Islands have led to a formal inquiry being set up to investigate the problem.
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18 Jan 21
Canada will use “whatever fiscal firepower” is needed in its fight against the effects of Covid-19, but only in the short term, prime minister Justin Trudeau has said.
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15 Jan 21
The US will undertake huge spending as the Joe Biden presidency gets underway, the president-elect has said less than a week ahead of taking office.
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14 Jan 21
Providing homeless people with immediate access to housing would have saved the French government vast sums of funding in recent years, a report from the country’s national audit office has found.
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14 Jan 21
Washington must step in to help New York with the largest budget deficit in its history to stop the need for “extraordinary negative measures”, the state’s governor has said.
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12 Jan 21
Pakistan has launched a digital payment system it hopes will improve economic inclusion and increase its relatively miniscule tax collection.
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12 Jan 21
Lagging economic growth in China during the recovery from the Covid-19 pandemic could be resolved by shifting resources into areas such as the social safety net, the IMF has said.
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8 Jan 21
Honorary CIPFA member and former head of the NAO’s International Relations and Technical Cooperation programme David Goldsworthy writes in response to a recent article, setting out that Iran must...
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8 Jan 21
“Bold” policies adopted during 2020 to fight the health and economic effects of Covid-19 have prevented a protracted economic downturn in Indonesia, the IMF has said.
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8 Jan 21
Tariffs on French goods such as champagne, cheese and designer handbags will not be imposed by the US government as planned this week – a move that was intended as retaliation against France’s...
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7 Jan 21
More than one million Covid-19 vaccine doses will arrive in South Africa in the coming weeks, with the country seeking to inoculate its healthcare workers as they fight against the virus.
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6 Jan 21
Ireland’s strong tax receipts led to the government running a lower than expected deficit in 2020, despite the huge spending to fight the effects of Covid-19.
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6 Jan 21
Unprecedented stimulus measures taken by governments to fight the pandemic have changed the public perception of spending and debt, meaning sharp tax hikes or spending cuts would risk popular...
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5 Jan 21
Poverty in Iran could almost treble during the pandemic, the World Bank has said in its latest report into the Middle Eastern country’s economy.
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18 Dec 20
Regulatory reforms are needed in Brazil to help with its economic recovery from Covid-19, after the pandemic plunged the nation into a deep recession, the OECD has said.
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17 Dec 20
A $28bn programme aimed at getting Covid-19 treatments and vaccines to low and middle-income countries would “pay itself off within 36 hours”, a World Health Organisation official has said.
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17 Dec 20
Eurozone government debt as a proportion of the economy has ballooned by nearly one-fifth amid the Covid-19 pandemic, according to a statement from the group’s finance ministers.
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17 Dec 20
A €17.5bn fund for regions in the EU that are heavily dependent on fossil fuels has been agreed by negotiators from the European Council and the bloc’s parliament.
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15 Dec 20
The global debt crisis is making it difficult for development banks to help countries through the pandemic, with money going to creditors rather than public services, the World Bank’s managing...
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15 Dec 20
Malaysia’s parliament has narrowly passed its largest ever budget for 2021, in what is being seen as a confidence vote for the government.
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11 Dec 20
A €1.8trn financial package intended to see the European Union through the pandemic-related economic crisis has been ‘unblocked’, after a compromise was reached with Poland and Hungary, which had...
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11 Dec 20
The Zambian government is seeking a financing arrangement with the International Monetary Fund to support its reform efforts after defaulting on a debt payment last month.
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10 Dec 20
The second wave of Covid-19 has led to the European Central Bank committing to buy €500bn more bonds to help the eurozone economy cope with the continuing fallout of the pandemic.
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10 Dec 20
High debt among Chinese local governments poses a “key risk” during the country’s recovery from Covid-19, ratings agency Fitch has said, although the outlook for the sector remains stable.