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30 Apr 24
Mineral revenues will fund development in Mongolia for years to come and allow citizens to share in the wealth, officials have said after lawmakers approved the creation of new public funds.
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30 Apr 24
Brexit boosted revenue but focus now on e-commerce taxation
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26 Apr 24
Proposals in Canada’s latest budget will grow its deficit by over $10bn (£5.9bn) over the next few years as it tries to make its economy stronger and more fair, but this should not damage its...
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22 Apr 24
Ratings agency Moody’s has kept its judgement of the New Zealand government’s creditworthiness at its highest notch, citing strong institutions, fiscal discipline and vibrant economy.
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9 Apr 24
Dag Detter explores how governments might maximise the benefits of public wealth, through managing their assets better and using Net Worth-based fiscal rules.
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28 Mar 24
A fiscal rule is making Uruguay’s public finances more credible, but it might fall short of actually stabilising the government’s debt, ratings agency Fitch has said.
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26 Mar 24
Zambia has moved a step closer to exiting its years-long default after agreeing a restructure deal covering billions of dollars of debt with a group of its private bondholders.
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15 Mar 24
Sovereign wealth funds are increasing climate change scrutiny
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12 Mar 24
Finance ministers have agreed that cutting deficits in the euro area should remain the priority amid a sluggish global economy, as they set out their priorities for next year’s budgets.
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6 Mar 24
Targeting welfare payments to the most vulnerable and providing more funding for schools in deprived areas will reduce poverty and inequality across Hungary, the OECD has said.
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5 Mar 24
Adopting reforms to reduce Iraq’s reliance on oil revenue and improving financial management will be key to prevent debt rising, the International Monetary Fund has said.
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27 Feb 24
Low debt and a resilient economy have contributed to Sweden keeping its AAA credit rating from Moody’s, despite 2024 being tipped to see GDP decline for a second consecutive year.
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23 Feb 24
Ukraine’s strong performance on economic reforms despite the ongoing war has prompted the International Monetary to move towards releasing $880m of concessional support.
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20 Feb 24
High lending to nations with low credit ratings could leave the African Export-Import Bank exposed to risks such as debt restructuring, contributing to ratings agency Moody’s lowering its credit...
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20 Feb 24
Concessional loan support will finance projects to improve resilience against climate change such as those that reduce vulnerability to flooding and coastal erosion, the International Monetary Fund...
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15 Feb 24
A bill that would deliver military assistance and aid to Ukraine and Israel has moved one step closer following Senate approval.
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13 Feb 24
Cutting expensive fuel subsidies and efforts to reform its tax system show the Nigerian government is starting to tackle the economy's “deep-rooted” structural issues, the International Monetary Fund...
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9 Feb 24
Procurement deal with US and a bond buy-back scheme raise profile
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6 Feb 24
Developing countries will be unable to raise the $3trn a year necessary to meet climate change and Sustainable Development Goals without a significant reduction in debt costs, researchers have warned...
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2 Feb 24
Finance ministers agreed to the first ever revision of the European Union’s long-term budget to provide €50bn of support to Ukraine.
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26 Jan 24
Rising inflation has prompted the Turkish central bank to raise interest rates to 45% as the country continues to reverse its controversial loose monetary policy approach.
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25 Jan 24
Pressures from rising pension commitments and higher interest costs could threaten Italy’s public finances if it does not reduce spending or raise taxes, the OECD has warned.
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23 Jan 24
Fitch predicts interest rate cuts due this year.
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22 Jan 24
Ghana will receive $600m (£470m) of concessional loan support from the International Monetary Fund after the nation reached a preliminary agreement to restructure billions of dollars of debt.
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19 Jan 24
A sharp increase in borrowing costs will continue to weaken Egypt’s public finances and contributed to ratings agency Moody’s lowering its credit outlook.