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19 Apr 23
A corporation tax windfall combined with a “remarkably resilient” economy will push the Irish budget into surplus this year, senior ministers have revealed.
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18 Apr 23
Credit ratings based on a simplistic understanding of African countries’ economies cost those countries’ governments $74.5bn in borrowing costs, researchers at the United Nations have suggested.
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18 Apr 23
Windfall tax gains from inflation and savings from lower energy prices might allow European countries to cut their deficits and should not necessarily fund new spending, despite many people...
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17 Apr 23
A group of major economies has promised to expedite the transition to cleaner energy in a bid to meet targets to reach net zero carbon emissions by 2050.
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14 Apr 23
The Chinese government has committed to resolving disputes to enable nations in debt distress to restructure their loans, a senior official has said.
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14 Apr 23
South Africa wants to mobilise 2trn rand (£88bn) of investment in the next five years, hoping to spur development in the country whose economy has been beleaguered by corruption, crime and government...
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14 Apr 23
Economic disruption caused by Russia’s invasion saw the Ukrainian economy contract by almost 30% last year, the nation’s statistics agency has revealed.
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14 Apr 23
Support for refugees and others affected by the war in the Ukraine saw total foreign aid reach $200bn in a single year for the first time, researchers at the OECD have said.
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11 Apr 23
Recent interest rate hikes by central banks across the globe will likely be reversed once inflation subsides, economists at the International Monetary Fund have predicted.
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11 Apr 23
Debt payments are set to take up more government revenue in developing countries than at any point since 1998, researchers have found.
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6 Apr 23
Large foreign reserves and low government debt levels drove Saudi Arabia’s credit rating upgrade, ratings agency Fitch has said.
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6 Apr 23
Mayoral proposals to cut budgets next year risks destabilising public services and undermining the city’s recovery, council leaders have warned.
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5 Apr 23
Political instability could put reforms key to Pakistan’s recovery from Covid-19 and recent floods at risk, economists at the World Bank have warned.
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4 Apr 23
The struggling South African state-owned power company Eskom will not have to disclose irregular spending in its annual financial statements, because the government fears the negative impact of...
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4 Apr 23
Social unrest caused by controversial judicial reforms could knock off more than half of the Israeli economy’s growth in the coming years, the nation’s central bank has warned.
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3 Apr 23
Lower-income countries will be unable to meet their financing needs without urgent support from wealthier countries, IMF managing director Kristalina Georgieva has warned.
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31 Mar 23
Emerging economies are facing a challenging environment with inflation, high interest rates and low growth, and rating agency S&P Global has warned this will hurt their creditworthiness in the...
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31 Mar 23
Staff cuts under former president Donald Trump’s leadership have hurt the US Treasury’s ability to oversee financial markets and the banking sector, the department’s top official has said.
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30 Mar 23
Switzerland will provide immediate support of almost $120bn to prevent the collapse of Credit Suisse and “avert an international financial crisis”.
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30 Mar 23
The Italian government has been given an extra month to convince the European Commission to release €19bn of withheld post-pandemic recovery funding.
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28 Mar 23
The 2020s are looking like a “lost decade” with the maximum level of growth achievable without causing inflation falling to a 30-year low, the World Bank has suggested.
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28 Mar 23
The Chinese government has lent out hundreds of billions of dollars in debt relief after nations it lent infrastructure loans to were unable to meet their repayments, a landmark report has said.
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27 Mar 23
The depletion of foreign reserves and weak governance will limit Bolivia’s ability to meet debt costs, and were major contributors to a cut in its credit rating by Moody’s.
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27 Mar 23
Local authorities in New Zealand have been urged to ensure they have strong procurement controls after a senior officer received a prison sentence for corruption.
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24 Mar 23
Raising the French retirement age could benefit the government’s fiscal balance in the medium term after an initial negative impact, but the political fallout could hurt the president’s chance of...
19 Apr 23A corporation tax windfall combined with a “remarkably resilient” economy will push the Irish budget into surplus this year, senior ministers have revealed.
18 Apr 23Credit ratings based on a simplistic understanding of African countries’ economies cost those countries’ governments $74.5bn in borrowing costs, researchers at the United Nations have suggested.
18 Apr 23Windfall tax gains from inflation and savings from lower energy prices might allow European countries to cut their deficits and should not necessarily fund new spending, despite many people...
17 Apr 23A group of major economies has promised to expedite the transition to cleaner energy in a bid to meet targets to reach net zero carbon emissions by 2050.
14 Apr 23The Chinese government has committed to resolving disputes to enable nations in debt distress to restructure their loans, a senior official has said.
14 Apr 23South Africa wants to mobilise 2trn rand (£88bn) of investment in the next five years, hoping to spur development in the country whose economy has been beleaguered by corruption, crime and government...
14 Apr 23Economic disruption caused by Russia’s invasion saw the Ukrainian economy contract by almost 30% last year, the nation’s statistics agency has revealed.
14 Apr 23Support for refugees and others affected by the war in the Ukraine saw total foreign aid reach $200bn in a single year for the first time, researchers at the OECD have said.
11 Apr 23Recent interest rate hikes by central banks across the globe will likely be reversed once inflation subsides, economists at the International Monetary Fund have predicted.
11 Apr 23Debt payments are set to take up more government revenue in developing countries than at any point since 1998, researchers have found.
6 Apr 23Large foreign reserves and low government debt levels drove Saudi Arabia’s credit rating upgrade, ratings agency Fitch has said.
6 Apr 23Mayoral proposals to cut budgets next year risks destabilising public services and undermining the city’s recovery, council leaders have warned.
5 Apr 23Political instability could put reforms key to Pakistan’s recovery from Covid-19 and recent floods at risk, economists at the World Bank have warned.
4 Apr 23The struggling South African state-owned power company Eskom will not have to disclose irregular spending in its annual financial statements, because the government fears the negative impact of...
4 Apr 23Social unrest caused by controversial judicial reforms could knock off more than half of the Israeli economy’s growth in the coming years, the nation’s central bank has warned.
3 Apr 23Lower-income countries will be unable to meet their financing needs without urgent support from wealthier countries, IMF managing director Kristalina Georgieva has warned.
31 Mar 23Emerging economies are facing a challenging environment with inflation, high interest rates and low growth, and rating agency S&P Global has warned this will hurt their creditworthiness in the...
31 Mar 23Staff cuts under former president Donald Trump’s leadership have hurt the US Treasury’s ability to oversee financial markets and the banking sector, the department’s top official has said.
30 Mar 23Switzerland will provide immediate support of almost $120bn to prevent the collapse of Credit Suisse and “avert an international financial crisis”.
30 Mar 23The Italian government has been given an extra month to convince the European Commission to release €19bn of withheld post-pandemic recovery funding.
28 Mar 23The Chinese government has lent out hundreds of billions of dollars in debt relief after nations it lent infrastructure loans to were unable to meet their repayments, a landmark report has said.
27 Mar 23The depletion of foreign reserves and weak governance will limit Bolivia’s ability to meet debt costs, and were major contributors to a cut in its credit rating by Moody’s.
27 Mar 23Local authorities in New Zealand have been urged to ensure they have strong procurement controls after a senior officer received a prison sentence for corruption.
24 Mar 23Raising the French retirement age could benefit the government’s fiscal balance in the medium term after an initial negative impact, but the political fallout could hurt the president’s chance of...
