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28 Apr 22
The Central African Republic has become the second country to make the cryptocurrency Bitcoin legal tender, following El Salvador’s move last year that faced criticism from global institutions.
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28 Apr 22
South Africa’s ruling African National Congress party is reportedly looking to sell or close some of its state-owned enterprises after they were “destroyed” by a decade of corruption.
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25 Apr 22
Benin has negotiated a $650m programme with the International Monetary Fund amid a worsening security situation, spillovers from the war in Ukraine and lingering effects of Covid-19.
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11 Apr 22
A strong rebound in tax revenues and consumer spending has seen the Israeli government record one of the strongest budgetary performances internationally, according to ratings agency Moody’s.
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8 Apr 22
Lebanon and the International Monetary Fund have agreed on a $3bn reform programme seen by many as vital to help turn the crisis-stricken Middle-Eastern economy around.
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30 Mar 22
International Monetary Fund staff have agreed a $470m deal with Mozambique – the first programme since the US-based lender suspended the African country six years ago following a corruption scandal.
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25 Mar 22
Egypt has formally requested a programme deal with the International Monetary Fund to help brace the economy and public finances against the effects of Russia’s invasion of Ukraine.
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23 Mar 22
Kenya’s shrinking tax base and high debt burden have kept Kenya’s credit rating at risk of a downgrade, according to ratings agency Fitch.
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23 Mar 22
The Nigerian government should repurpose money spent on fuel subsidies to fund reforms aimed at reducing poverty, according to the World Bank Group.
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23 Mar 22
The Iranian finance minister has promised to cut spending and reform government institutions in order to foster better financial discipline, in a country whose economy has been beaten by sanctions.
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21 Mar 22
The African Development Bank secured a “simply incredible” near-$33bn of investments for projects on the continent during a three-day investment forum.
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15 Mar 22
Palestinian authorities must adopt spending reforms to help solve a fiscal outlook which has been weakened further by Covid-19, according to the International Monetary Fund.
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11 Mar 22
Countries in the Southern African Customs Union need to get a grip on persistently high inequality in order to give people better life chances, a World Bank report has urged.
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4 Mar 22
Government officials in South Africa were paid millions of pounds in brides to award more than £100m of contracts to an outsourcing company, according to a corruption inquiry.
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1 Mar 22
Chad is receiving support from the United Nations to help train officers and install new debt management software, in a bid to improve public finances.
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25 Feb 22
South Africa has presented a 2022 budget with lower taxes and more ambitious debt targets after high commodity prices led to higher-than-expected revenue - but analysts have warned against over-...
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21 Feb 22
G20 finance ministers and central bank governors have failed to reach an agreement on making changes to their debt restructuring framework that had been proposed by the International Monetary Fund...
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15 Feb 22
Ratings agency Fitch has downgraded Turkey’s credit rating to ‘B+’, after the nation’s central bank policy of cutting lending rates saw inflation leap.
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15 Feb 22
While it might be tempting to think adopting international accounting standards might lead to growth, the experience of some African countries suggests that might be optimistic, argues senior...
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15 Feb 22
South African president Cyril Ramaphosa is set to accelerate reforms to modernise electrical supply and broadband, in a bid to reverse record high unemployment.
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14 Feb 22
Lebanon’s crisis is so deeply rooted the country needs “a comprehensive social, economic and financial reform programme” to return to stability, the International Monetary Fund has warned.
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11 Feb 22
The International Monetary Fund wants G20 finance leaders to strengthen their debt restructuring framework to better help crisis-hit countries out of default.
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8 Feb 22
Rising Covid-19 cases in Gaza and the West Bank have led the World Bank to send an additional grant to the Palestinian Authority, warning the record new infection numbers are still underestimated.
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3 Feb 22
A rail subsidiary of the South African government paid out billions in contracts to companies linked to a family with close ties to former president Jacob Zuma, according to a corruption inquiry.
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27 Jan 22
South African officials failed to follow procurement rules when buying personal protective equipment at the beginning of the Covid-19 pandemic, representing a “complete breakdown” of the system,...