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25 Aug 20
Bank of Zambia governor Denny Kalyalya was sacked by Zambian president Edgar Lungu over the weekend, as the country continues discussions with the International Monetary Fund.
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24 Aug 20
The European Commission has presented proposals to the European Council to grant financial support of €81.4bn to 15 member states.
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21 Aug 20
A £16bn pay rise for Brazilian civil servants has been blocked by the president and the government’s lower house, amid the country’s public finances suffering because of Covid-19.
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20 Aug 20
Universal basic income is to be trialled in Germany in an experiment to find out what effects it has on people’s lives.
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20 Aug 20
An ethics scandal has forced Canada’s finance minister to resign, paving the way for the country’s first ever female holder of the position.
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19 Aug 20
CIPFA’s Alan Edwards has been appointed as chair of a committee working to improve public financial management in the Asia Pacific region.
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18 Aug 20
Denmark will tax banks and its richest citizens to pay for an early retirement scheme for physical labourers.
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18 Aug 20
A $1bn loan will help India build a modern high-speed rail system around its capital city, the Asian Development Bank has said after it approved the financing deal.
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18 Aug 20
Poor countries’ debt payments have reached their highest level since 2001, having grown by 115% in the past decade, new analysis has found.
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14 Aug 20
A $1trn impasse between the two main political parties is blocking the US government from agreeing its next tranche of Covid-19 stimulus.
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13 Aug 20
Higher funding needs from responding to Covid-19 along with declining oil sales will lead to greater sukuk issuance this year by the largest sovereign issuers, despite its decline as an overall share...
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13 Aug 20
Kyrgyzstan should “aggressively” strengthen its health, social protection and employment systems if it is to meet the development challenges posed by the Covid-19 pandemic, a report has urged.
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12 Aug 20
Asian governments are expected to channel more money into domestic supply chains following Covid-19, according to ratings agency Moody’s.
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12 Aug 20
The EU is sending billions of euros to help neighbouring countries through the Covid-19 pandemic, with conditions encouraging them to strengthen their public finances and rule of law.
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11 Aug 20
The OECD has warned South Korea against complacency despite the country suffering the least severe recession of its member countries following the Covid-19 outbreak.
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11 Aug 20
Egypt’s progress on economic reforms has stalled while it responds to Covid-19, leading the IMF to agree a $5.2bn package to help see the government through the crisis.
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7 Aug 20
The world’s largest multilateral development banks committed $61.6bn of climate finance in 2019, a joint report has shown.
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7 Aug 20
Disaster relief to help Beirut rebuild after the blast killed at least 145 people and left 300,000 homeless will be conditional on Lebanon enacting anti-corruption reforms, French president Emmanuel...
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4 Aug 20
France’s home carers will each be given a ‘Covid-19 bonus’ in recognition of their work taking care of many of the nation’s elderly and people with disabilities.
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3 Aug 20
Barcelona is pursuing 40 climate action projects to help the city’s ‘green recovery’ from the Covid-19 crisis and meet its environmental commitments, after declaring a climate emergency earlier this...
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3 Aug 20
Southeast Asian governments have been urged to address the “fiscal termites” making it difficult to support their citizens through the economic crisis caused by Covid-19.
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31 Jul 20
Japan has pushed its budget surplus target back because of the impact Covid-19 has had on the government’s finances.
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31 Jul 20
Covid-19 has shown that South Africa needs to improve its social protection system to ensure everyone living in poverty is supported, economists have argued in a report into the country.
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28 Jul 20
The asset management company Ireland created in response to the global financial crisis more than a decade ago is expected to return €4bn to the government over its lifetime.
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28 Jul 20
Problems with the publicly owned company managing the Eiffel Tower have led auditors to suggest the City of Paris could bring the monument back under direct control.