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26 May 20
Argentina has defaulted on its debts for the third time since the year 2000, and the president has said he will not enter any restructuring agreement with creditors that delays the country’s economic...
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22 May 20
Australia has halved the number of people’s wages it expects to subsidise as part of its Covid-19 economic rescue package, blaming reporting errors for the confusion.
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22 May 20
The Covid-19 pandemic is having a huge impact on governments around the world. With many local governments struggling to find the money to continue to provide frontline services at a time when...
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22 May 20
The US spending watchdog has told the government it could save tens of billions of dollars by reducing overlap and duplication in its programmes.
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20 May 20
Indonesia is set to impose a 10% digital services tax on companies based overseas in the second half of 2020, as the government scrambles to fight the economic impact of the Covid-19 pandemic.
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20 May 20
France and Germany have proposed that a €500bn EU recovery fund be distributed to the member nations worst affected by the Covid-19 pandemic.
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15 May 20
Egypt’s request for a $2.7bn emergency loan to help offset the financial impact of the coronavirus pandemic has been approved by the International Monetary Fund.
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14 May 20
A UN agency has called for basic income schemes to be implemented immediately in Latin America, to help people deal with the fallout of Covid-19 and to avoid “another lost decade”.
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12 May 20
New Zealand is to plough a record NZ$4bn ($2.4bn) of additional funding into health services over the next four years, as the government looks to balance a ‘legacy of neglect’.
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12 May 20
Saudi Arabia is set to suspend the living allowance for state employees, in a bid reduce spending amid an economic outlook hit by plunging oil prices and the coronavirus pandemic.
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5 May 20
Efforts to fix the perceived problems posed by big digital businesses to the global tax system remain on track despite the Covid-19 pandemic, the OECD has said.
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5 May 20
Brazil has created an emergency basic income scheme for informal workers, to help them through the coronavirus pandemic, and advocates of universal basic income believe the crisis could make...
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4 May 20
The EU is sending billions of euros to the Western Balkans to help the region through the challenges of the Covid-19 pandemic.
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1 May 20
EU countries are losing around €24.5bn in corporation tax each year from US businesses shifting their profits to low-tax countries such as the UK and Switzerland, analysis by the Tax Justice Network...
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1 May 20
The UK government’s efforts to foster gender equality through international aid are being hampered by “inaccuracy”, a watchdog has found.
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30 Apr 20
Nigeria has been given an emergency $3.4bn support package from the IMF to deal with the economic impact of coronavirus and the sharp fall in oil prices.
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28 Apr 20
The Russian government has been urged to spend half of its National Wealth Fund of saved oil and gas revenues to deal with the Covid-19 crisis.
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28 Apr 20
Emmanuel Macron’s “expensive” response to the ‘yellow vest’ movement is partly to blame for France’s public deficit rising in 2019, the country’s court of auditors has found.
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24 Apr 20
The US House of Representatives has approved $484bn more of coronavirus relief measures, bringing the government’s total spending on fighting the crisis to almost $3trn.
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24 Apr 20
South African president Cyril Ramaphosa has announced a Covid-19 economic rescue package equivalent to 10% of his country’s GDP.
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24 Apr 20
The fiscal deficit caused by the collapse of oil prices and the coronavirus pandemic could force Saudi Arabia to borrow about $26bn more than it planned this year, as well as draw down up to $32bn...
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21 Apr 20
IMF support is “like blood for the human body” during the coronavirus pandemic, the president of Ukraine has said as his country prepares to deal with the economic fallout of the crisis.
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20 Apr 20
European economies will need at least €500bn from EU institutions to tackle the Covid-19 financial crisis, the head of the EU’s bailout body has said.
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17 Apr 20
International aid will be “critical” in fighting the coronavirus pandemic, the head of the OECD has said, as rich countries look to help their developing counterparts through the crisis and continue...
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17 Apr 20
G20 countries have agreed a finance plan to help some of the poorest countries in the world during the coronavirus pandemic.