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22 Sep 23
Poor countries cannot fund it and pay debts, report warns
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21 Sep 23
Major economies urged to help developing nations
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20 Sep 23
Spain’s July general election left the country in a state of uncertainty.
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19 Sep 23
High interest rates are necessary in advanced economies until inflation is under control, the OECD has said.
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19 Sep 23
Sustained progress on reforms and resilient growth expectations were key contributors to an upgrade in Greece’s credit rating, moving the nation closer to recovering its investment grade rating,...
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18 Sep 23
The global debt ratio will grow again despite recently falling from its pandemic high, economists at the International Monetary Fund have said.
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15 Sep 23
New Zealand’s budget will not return to a surplus until 2026-27 according to its latest forecast – a year later than previously planned.
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15 Sep 23
One in six children worldwide lives in extreme poverty and at the current rate the commitment to reduce that to zero by the end of this decade will be missed.
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15 Sep 23
An economic slowdown in China and the impact of higher interest rates in Europe and the US will slow global growth next year, Fitch Ratings has said.
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12 Sep 23
More than $12bn of cash injections from the government and a lower profit sharing rate will not be enough to get Mexico’s state oil company back to sustainability, although it will help in the short...
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12 Sep 23
Wealthy nations directed $1bn of aid over a decade to the “war on drugs” and therefore contributed to human rights abuses across the globe, campaigners have said.
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12 Sep 23
Next year’s budget will see Sweden increase its military spending by more than a quarter as the government responds to its “serious security situation” in the wake of Russia’s aggression in Ukraine...
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8 Sep 23
Plans to bring new countries into the BRICS economic bloc might not have many economic benefits in the near future, an analyst has warned.
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8 Sep 23
Providing emerging markets with $15bn of grants and concessional loans would help “unlock” offshore wind accelerating progress on net zero, the World Bank has said.
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5 Sep 23
Nations must be prepared to adopt policies to safeguard financial markets as high interest rates and slow growth could lead to rising arrears, the global fiscal watchdog has warned.
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5 Sep 23
High inflation and a lower-than-expected grant allocation have prompted the Croatian government to propose €4bn additional support from the European Union to fund its post-pandemic recovery programme...
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5 Sep 23
The South African government is set to close the department that oversees state companies and launch a new holding company to improve management.
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1 Sep 23
Better understanding the scale and character of corruption will allow the world to push forward with eradicating it and spending that would-be-lost money on development, a senior figure at the United...
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1 Sep 23
Afghanistan’s weak collection of non-tax income has seen revenues dip below forecasts this year, economists at the World Bank have said.
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25 Aug 23
Governments shielding households and businesses from the spike in energy prices caused by Russia’s invasion of Ukraine meant environmentally harmful fossil fuels were subsidised at their highest ever...
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25 Aug 23
Argentina will receive another $7.5bn from its $44bn programme with the International Monetary Fund, now the fund’s executive board has completed its fifth and sixth reviews of the deal.
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22 Aug 23
Wartime corruption poses a threat to Ukraine’s survival and officials are working to target “truly top officials” engaging in graft, the chief of the country’s anti-corruption agency said.
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22 Aug 23
High debt costs “trap” many countries in the Global South in a cycle of fossil fuel production as they try to generate enough revenue to service their borrowing, representing a barrier to phasing out...
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21 Aug 23
Progressive will help move region forward
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18 Aug 23
Millions of euros the European Union had planned to spend on programmes involving Russia and Belarus will now be spent with Ukraine and Moldova, in light of the ongoing war.