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8 Jun 23
This blog highlights some of our learning from each of the sessions at a recent conference on digital financial public financial management, each of which provides an example of different ways in...
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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
Curiosity and imagination are crucial skills for individuals and organisations alike.
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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
The international finance system “reflects power relations of 1945” and needs to be updated, said António Guterres.
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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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9 May 23
The best way to reduce sovereign debt is by boosting economic growth. By tapping the hidden value in its balance sheet, governments can exit the crisis faster and more sustainably, writes Dag Detter.
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4 May 23
Former Mastercard chief executive Ajay Banga has been named as the next president of the World Bank, becoming the first Indian-American to lead the institution.
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25 Apr 23
Rising prices have squeezed take-home pay in most OECD countries because wages have not kept up and income tax thresholds were frozen.
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24 Apr 23
The United Nations has set out a roadmap for ensuring developing countries have access to the finance they need to deal with the impacts of climate change and make progress on their development.
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21 Apr 23
Reforms aimed at creating a more inclusive, networked and accountable governance system will leave nations better positioned to address current and future challenges, a United Nations body has said.
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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
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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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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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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24 Mar 23
Senior figures in Germany and the United States have urged the World Bank to adopt a “strong set of initial evolution reforms” aimed at driving climate finance.
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20 Mar 23
Insufficient and poorly targeted climate finance means the world is falling behind on action against global warming, a landmark report has stated.
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17 Mar 23
A “slightly more optimistic” global economic outlook should not be enough to keep central banks from raising interest rates, despite the harm it does both to households and developing countries, the...
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14 Mar 23
The removal of Covid-19 restrictions in China will boost global growth this year but concerns over inflation and high interest will limit growth, economists at Fitch have said.