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18 Jul 23
Governments guaranteeing loans and a fund for countries in crisis are among plans for the World Bank to boost its lending power, as the bank’s new leadership faces up to its responsibilities amid...
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17 Jul 23
Fast progress on reducing Iceland’s budget deficit will help to rebuild fiscal buffers faster than expected and points to growing resilience in the government’s finances, ratings agency Moody’s has...
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14 Jul 23
New technical work has brought a long-awaited solution for taxing giant digital companies forward, the OECD has said, but progress has been far slower than first hoped – and trade tensions are on the...
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14 Jul 23
Repeating broad-based energy subsidies would raise government spending, distort energy prices and fail to reduce use and should therefore be avoided, the European Union’s energy regulator has said.
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14 Jul 23
The Egyptian government has agreed to sell almost $2bn of state assets to meet the conditions of an IMF bailout.
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11 Jul 23
Candidate for EU membership gets help with cost-of-living crisis
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11 Jul 23
Reserves to be bolstered by controversial deal
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11 Jul 23
African nation resilient despite challenges but must accelerate changes
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7 Jul 23
Baltic state becomes 32nd member of the group after an “exceptional” increase in aid spending
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7 Jul 23
The Turkish government is set to hike corporation taxes and vehicle duties to help fund the reconstruction costs from devastating earthquakes earlier this year.
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6 Jul 23
Governments could face “materially lower” revenues if they are unprepared for the increased use of cryptocurrencies, economists at the International Monetary Fund have warned.
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4 Jul 23
Continued delay to reforms in Lebanon pose “the largest risk to the outlook” of a country now in its fourth year of economic crisis while also limiting external financial help, the International...
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4 Jul 23
Germany will not see tax rises in 2024 despite finance minister Chrisian Lindner’s insistence on returning the country to its ‘debt brake’ rule needing a €20bn austerity package.
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4 Jul 23
Headline inflation across the OECD has continued to fall, hitting the lowest level since before Russia’s invasion of Ukraine.
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30 Jun 23
Ukraine is set to receive a $1.5bn concessional loan from the World Bank to fund reforms and support its continued response to the Russian invasion.
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30 Jun 23
A short-term $3bn financing deal is hoped to give Pakistan enough liquidity to see out its current challenges, but the country faces a warning that it needs policy discipline in the coming months.
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29 Jun 23
Governors of major central banks have said there is more “ground to cover” on interest rates, despite concerns over economic slowdowns.
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26 Jun 23
Governments should raise taxes or cut spending in a bid to reduce the burden on monetary policy in the fight against inflation, a central bank body has argued.
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23 Jun 23
Zambia’s bilateral creditors have agreed a deal to restructure billions of dollars worth of loans through the G20’s much-criticised ‘common framework’.
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23 Jun 23
Bahrain’s state investment fund Mumtalakat is increasing its holding in the motor racing and high-end sports car maker.
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23 Jun 23
Turkey has nearly doubled its interest rates, reversing its longstanding controversial approach of loosening monetary policy to deal with extraordinarily high inflation.
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20 Jun 23
Finance ministries have an important part to play in dealing with the climate crisis, a group of ministers have said as they publish a guide for embedding green considerations into financial decision...
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20 Jun 23
Taxes on the world’s richest people and debt cancellation could help to fund climate change mitigation and adaptation projects in poorer countries and reverse growing inequalities, experts have said.
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19 Jun 23
Governments across the world will fail to fund the transition to net zero without reversing trillions of dollars of agriculture, fishing and fossil fuels subsidies, economists at the World Bank have...
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16 Jun 23
The US Federal Reserve and European Central Bank have announced their new rates