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16 Oct 20
Less than half the population in Asia Pacific is covered by government social protection schemes, leaving many vulnerable to poor health, poverty and social exclusion – despite the region’s rapid...
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16 Oct 20
Infrastructure will be key to helping drag South Africa’s economy out of the crisis caused by Covid-19, the country’s president said while announcing an ambitious programme of spending.
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15 Oct 20
The South Sudanese government is preparing to take out a loan to inject money “into the market”, hoping to fight rampant inflation plaguing the economy.
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14 Oct 20
The global recession caused by Covid-19 will not be as bad as initially feared, but “tremendous uncertainty” remains, the IMF’s top economist has said.
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14 Oct 20
Ireland expects its corporation tax yield to rise again this year, despite the backdrop of the global recession caused by Covid-19, an official document has revealed.
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13 Oct 20
Auditors have urged France to cut spending on health insurance payments after projecting the social security system deficit will balloon by more than 20 times its size this year.
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13 Oct 20
The world’s poorest countries were at risk of debt crises even before Covid-19, with their debts climbing to the highest ever levels in 2019.
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12 Oct 20
Global efforts to reform the way giant digital businesses are taxed will stretch into 2021, after political differences and Covid-19 slowed negotiations.
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9 Oct 20
The US will need to confront several policy challenges with “wide-ranging credit impact” over the next four years, ratings agency Moody’s has said as presidential candidates Donald Trump and Joe...
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9 Oct 20
Richer countries need to increase public investment to revive the global economy from its worst crash in recent times, the IMF has said.
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8 Oct 20
Extreme poverty is set to rise around the world for the first time in more than 20 years as Covid-19 continues to weigh on the global economy, the World Bank has warned.
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6 Oct 20
The next Australian budget will see the government take on record amounts of debt, with treasurer Josh Frydenberg saying he wants to support businesses to keep people in jobs during and after the...
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6 Oct 20
Some of the world’s poorest countries will continue to benefit from debt service relief for another six months, after the IMF extended its scheme.
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6 Oct 20
A “city opposed to Apartheid” is being built in South Africa, with the first phase of development having been launched by president Cyril Ramaphosa.
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5 Oct 20
More than 200 million doses of a purported vaccine for Covid-19 have been sold by Russia’s sovereign wealth fund to countries desperate for an end to the health crisis.
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2 Oct 20
Three in four furloughed workers in Spain are back at work, according to figures released just days after the government committed to keep the scheme going for “as long as necessary”.
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1 Oct 20
More than $500m of additional revenue has been secured for developing countries in the past five years through a joint OECD and United Nations tax initiative.
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1 Oct 20
Hungary’s right-wing prime minister Viktor Orban has suggested his country will opt out of the European Union’s €750bn Covid-19 recovery fund in a row over democracy and the rule of law.
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29 Sep 20
Social assistance to poor and vulnerable families will help the economy weather the Covid-19 storm, the Philippines has been told.
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29 Sep 20
The economic and health crises caused by Covid-19 led Germany’s overall public debt to its highest ever level in the first half of 2020, the country’s official statistics bureau Destatis has...
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28 Sep 20
The IMF has lent $90bn since the beginning of the coronavirus pandemic – about one-third of its current total lending commitments.
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25 Sep 20
Malaysia’s government has praised the “solidarity and cooperation” of its people after a Sukuk scheme to help finance its economic recovery was oversubscribed.
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25 Sep 20
Curbing corruption is more important than ever amid the pandemic, the World Bank has argued in a report.
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24 Sep 20
A fund to guarantee countries’ ability to access food and health products as they experience an economic blockade has been mooted by Venezuelan president Nicolás Maduro.
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23 Sep 20
Cambodia will work to improve public financial management among its local governments, after obtaining a loan from the Asian Development Bank.