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9 Jun 23
Libya is too reliant on oil and gas, the International Monetary Fund found in its first review of the economy in a decade – during which analysis was made impossible by war and fragmentation.
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6 Jun 23
The world economy is “precarious” in the context of high interest rates, slow trade and huge debt pressures, the World Bank has said as it released its latest Global Economic Prospects report.
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6 Jun 23
The World Bank’s new president has been selected as member countries demand big reforms.
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6 Jun 23
The rise of artificial intelligence has the potential to boost productivity by trillions of dollars but risks disruption at a scale governments are not yet ready to deal with, the International...
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2 Jun 23
Last year governments in Western Europe saw revenue grow much faster than spending, but that is unlikely to be the case again in 2023, according to analysts.
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2 Jun 23
The Oman government is set to invest more than £4bn in a bid to reduce the nation’s dependence on fossil fuel revenues.
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31 May 23
The International Monetary Fund announced the funding allocation, which forms part of a $15.6bn programme for the war-torn nation.
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30 May 23
The US will limit spending but suspend its debt ceiling and avoid a “catastrophic” default, if a deal made between president Joe Biden and speaker Kevin McCarthy is voted through.
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30 May 23
Potential sanctions linked to South Africa’s position on Russia could push the country into a financial crisis, its central bank has warned.
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26 May 23
The Horn of Africa will need at least $7bn in aid this year to avoid a catastrophe caused by climate change and conflict, the UN has said.
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26 May 23
Political partisanship is getting in the way of action on the US debt limit, casting uncertainty over its ability to meet its obligations.
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26 May 23
Fears over the affordability and security of fossil fuels are set to increase renewable energy investments this year, experts at the International Energy Agency have said.
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24 May 23
Nations raised $95bn through carbon taxes and emissions trading systems last year, an increase of more than 10% on the $84bn raised in 2021, the World Bank said.
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23 May 23
Industry gets more support as Ukraine war continues.
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23 May 23
The international finance system “reflects power relations of 1945” and needs to be updated, said António Guterres.
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23 May 23
Support for Polish farmers struggling with higher costs associated with Russia’s invasion of Ukraine has been approved in Brussels.
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22 May 23
The Ukraine war is set to push up global borrowing despite more expensive costs, the OECD has said.
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18 May 23
Fund green lights $3bn loan programme to expedite fiscal reforms.
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18 May 23
Social reforms and governance change need to continue in the Middle East, says the World Bank.
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17 May 23
Campaigners have called on the World Bank to delay payment of an $800m loan.
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17 May 23
More progress is needed on reform, the IMF has told Sri Lanka
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16 May 23
Regulating crypto assets should help European Union member states close avenues for tax avoidance and tax fraud, leaders have said following an agreement.
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16 May 23
Zimbabwe is under fresh pressure to overhaul its governance structures.
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16 May 23
The US government might not be able to pay all of its obligations within a month if politicians do not raise the country’s ‘debt ceiling’.
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15 May 23
Ratings agency Moody’s has warned Kenya’s domestic funding conditions have deteriorated.