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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.
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24 Jul 20
Australia’s budget deficit is expected to reach $185bn (£103bn) in the current financial year as the government battles against the health and economic crisis caused by coronavirus.
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24 Jul 20
The economic damage caused by Covid-19 has led to the UK cutting its international aid budget for 2020 by £2.9bn.
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23 Jul 20
South Africa has been granted its first ever crisis loan from the African Development Bank as it struggles against one of the world’s most serious outbreaks of Covid-19.
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21 Jul 20
The US response to Covid-19 has been particularly challenging for state and local governments, the IMF noted while examining the impact of the pandemic on the world’s largest economy.
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21 Jul 20
EU leaders have agreed a “massive” €750bn Covid-19 recovery package to help the 27 member states’ economies bounce back after the pandemic.
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21 Jul 20
Russia is looking to lure tech companies to headquarter themselves there by granting them more than $1bn in tax breaks.
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17 Jul 20
Some coronavirus loans from the IMF are effectively being used to pay back loans from private lenders, without any of the money being used by the countries themselves to respond to the pandemic, a...
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16 Jul 20
Further high-level spending on health and social assistance programmes will be needed in Indonesia once the Covid-19 pandemic is over, the World Bank has said.
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16 Jul 20
Fairer tax systems in the EU would help governments in their fight against the economic crisis caused by Covid-19, the European Commission said as it unveiled a series of new measures to develop tax...
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14 Jul 20
European Commission plans for a post-pandemic recovery among the EU’s poorer members risk being misspent without greater direction from Brussels, the EU’s spending watchdog has warned.
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14 Jul 20
Urgent reforms could save the Algerian government $20bn by the end of the year, the country’s president has told ministers.
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13 Jul 20
The head of Nigeria’s official anti-corruption agency has been suspended after the body was accused of diverting funds recovered as a result of its investigations.
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10 Jul 20
More than 1bn rubles earmarked by the Russian government for cultural projects have been redirected to its reserves as the country battles the Covid-19 crisis.
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10 Jul 20
A €5bn ‘Brexit reserve’ has been proposed by the European Council to deal with disruption caused to other members states when the UK’s transition phase ends in 2021.
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10 Jul 20
France must look to spending cuts rather than tax increases to help cap public debt during its economic recovery from the pandemic, the country’s central bank head has said.
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7 Jul 20
Global poverty is rising despite “triumphalism” about its perceived decline, according to a global report from a former United Nations official, who also released specific reports on Malaysia and...
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7 Jul 20
Indonesia’s government and central bank have agreed to a £32bn bond scheme to finance the country’s recovery efforts from the economic crisis caused by Covid-19.
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6 Jul 20
Sovereign wealth and pension funds should seek investments that couple financial returns with societal and environmental benefits, researchers from the Inter-American Development Bank have argued.
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3 Jul 20
The EU risks overstating its climate spending without a reliable tracking method, the EU’s fiscal watchdog has warned.
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3 Jul 20
Black Lives Matter protests show there is a fiscal element to social justice, and should force governments to think about how to involve marginalised people in budget-setting, a transparency...
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3 Jul 20
Namibia is looking to set up a sovereign wealth fund to secure savings for its future, the country’s government has said.