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17 Feb 22
Low-income and developing countries must be more transparent on the level and type of loans they owe, to help with debt restructuring, according to the World Bank Group.
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16 Feb 22
Afghanistan’s central bank has criticised the US for planning to use $7bn of its assets that Washington froze last year, saying they are owned by the people and would not have been used by the...
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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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10 Feb 22
Covid-19 could stop being a global emergency as early as this year if countries donated $23bn towards access to tests, treatments, vaccines and personal protective equipment, according to the World...
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9 Feb 22
Stricter social distancing measures aimed at slowing Hong Kong’s fast-growing outbreak of Covid-19 cases are expected to hit growth, and upcoming spending announcements are seen as likely to delay...
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9 Feb 22
The post-pandemic economic recovery should become less reliant on government spending, Indonesia’s finance minister has told an investment conference.
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7 Feb 22
China and Argentina have agreed to increase cooperation on trade and infrastructure, opening the door to $23bn of Chinese investment as part of the global Belt and Road Initiative.
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3 Feb 22
Global growth forecasts for 2022 have been revised down amid elevated inflation and the economic risk of the Omicron variant of Covid-19, according to the International Monetary Fund.
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3 Feb 22
El Salvador has rejected calls by the IMF to halt plans to use Bitcoin as legal tender.
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31 Jan 22
Argentina has reached an agreement with the International Monetary Fund to restructure the outstanding debt from a 2018 bailout.
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28 Jan 22
Honduras must restructure its debts if it is to afford servicing costs, according to new Honduras president Xiomara Castro at her swearing-in ceremony, but a minister has since taken a more moderate...
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28 Jan 22
A revolution in economic research methodology has been rewarded by Nobel Prize judges. How could work on ‘natural experiments’ help the public sector?
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25 Jan 22
Lebanon’s elite have caused “long-lasting scars” on the country’s economy by causing a protracted political and economic crisis, according to a highly critical World Bank report.
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24 Jan 22
The world’s debt crisis has been tipped to worsen as a result of the interest rate hikes projected for 2022.
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21 Jan 22
The world economy is recovering more slowly than many expected as problems associated with Covid-19 continue to bite, the head of the International Monetary Fund has said.
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17 Jan 22
Greek over-60s who choose not to receive a Covid-19 vaccine are set to be fined, with the money going to fund hospitals.
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13 Jan 22
Global growth is slowing amid renewed waves of Covid-19 cases and high inflation, the World Bank’s latest Global Economic Prospects report has warned.
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10 Jan 22
Policymakers in emerging economies will need to let their currencies depreciate and raise interest rates in response to US Federal Reserve monetary policy tightening, International Monetary Fund...
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5 Jan 22
France’s central bank chief has predicted inflation will decrease during 2022 and European central banks will be able to unwind monetary policy support they set up amid Covid-19.
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4 Jan 22
Germany’s new coalition government will give people and businesses “well over €30bn” of tax breaks while keeping the country tied to fiscal balance, its finance minister has said.
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23 Dec 21
The International Monetary Fund’s $57bn agreement with Argentina failed to deal with the country’s structural problems, an internal investigation has found.
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21 Dec 21
Canada’s decision to implement its digital services tax in 2024 if global reforms stutter has concerned the US administration, which has threatened to look again at its trade agreements with its...
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21 Dec 21
The European Central Bank has decided to still allow itself to purchase Greek government bonds even after it stops net asset-buying next year.
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16 Dec 21
Worldwide debt rose to 256% of GDP in 2020 according to new statistics released by the International Monetary Fund.
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15 Dec 21
Canada’s high spending during the pandemic has been hailed as the reason for the country’s swift economic recovery from the shock of 2020.