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8 Dec 20
Devastating typhoons that hit the Philippines as it fought Covid-19 show the importance of preparing for natural disaster risks and climate change adaptation during the recovery, the World Bank has...
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8 Dec 20
Argentina will introduce a tax on the wealthiest 0.8% of its population to pay for its pandemic spending.
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4 Dec 20
Reforms hoped to bring Lebanon back from a state of “bankruptcy” have been presented at a conference organised by the United Nations and French president Emmanuel Macron.
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4 Dec 20
One-in-seven people worldwide could be left with less than $1.90 a day to live on in the wake of the economic crisis caused by Covid-19, a UN study has warned.
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1 Dec 20
Sweden’s central bank has imposed sustainability criteria on a SEK200bn (US$23bn) extension to its quantitative easing programme.
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1 Dec 20
The global economy is expected to grow by 4.2% next year, although performance will depend on how quickly Covid-19 vaccines are rolled out, according to the OECD.
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30 Nov 20
Central banks have promised the end of any further changes to the Basel III framework, introduced to manage risks following the global financial crisis of 2007-09.
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30 Nov 20
The Covid-19 pandemic could hit a recent recovery in investment sub-national governments, according to research by the OECD.
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27 Nov 20
Incoming US president Joe Biden is to nominate former Federal Reserve head Janet Yellen as the first female secretary of the US Treasury, according to reports in America.
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25 Nov 20
A political standoff with the Israeli government has combined with Covid-19 and a pre-existing economic slowdown to leave the Palestinian Authority struggling, the World Bank has said.
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25 Nov 20
Spain’s minority coalition government may be able to pass the country’s first full-year budget since 2016, after a Catalan separatist party announced its support.
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25 Nov 20
The European Investment bank has approved an €890m loan towards the development of a high-speed rail line from Madrid to the Portuguese border.
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24 Nov 20
The Asian Development Bank has approved a $600m loan to Indonesia for the expansion of electricity access in nine provinces.
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24 Nov 20
Arab countries’ disproportionate reliance on the sectors hit hardest by Covid-19 means they must continue their economic investment to avoid deepening the crisis, the IMF has said.
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23 Nov 20
Two ratings agencies have downgraded South Africa’s credit rating further into junk status, in a “painful” move that will increase the country’s borrowing costs and likely lead to spending cuts or...
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20 Nov 20
Germany should not let its rising debt stop it from taking “vigorous policy action” to mitigate the economic effects of Covid-19, the IMF has said after a visit to the country.
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20 Nov 20
Participatory budgeting can help marginalised communities respond to immediate local needs better than traditional public spending, a supporter of the concept has said after a US district funded a...
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19 Nov 20
Eurozone governments should continue spending into 2021 to help the economy recover from Covid-19, the European Commission has said – while warning that recovery “depends” on the approval of the...
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19 Nov 20
More sustainable public procurement practices can help governments create more equal societies, alongside addressing environmental concerns and ensuring a resilient recovery from Covid-19, a report...
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17 Nov 20
Saudi Arabia’s sovereign wealth fund will inject 150bn riyals (£30bn) into the Kingdom’s economy in 2021 to help spur its recovery from low oil revenues and Covid-19, the country’s crown prince has...
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17 Nov 20
Improving the quality and coverage of health services targeting vulnerable people through an internationally backed project will help Laos achieve universal coverage within five years, officials have...
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17 Nov 20
Germany’s inaction in fighting fraud in online sales has been blasted as “incomprehensible” by the country’s state audit office president – given the amount of money spent over the internet.
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13 Nov 20
A framework to help highly indebted developing countries through the Covid-19 crisis has been agreed by G20 finance ministers, but campaigners have said it fails to create a permanent solution to the...
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13 Nov 20
Developing countries face a huge gap in the financing they would need this year to keep them on track for the 2030 Sustainable Development Goals, according to research from the OECD.
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12 Nov 20
Supreme audit institutions face huge pressure to ensure government spending advances the public interest and aids progress of countries’ development, and need help to make their oversight full and...