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7 Mar 23
Greece will regain an investment grade credit rating this year after more than a decade in junk territory, the country’s central bank governor has said.
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7 Mar 23
Rising service demand has been tipped to keep local and regional government borrowing high in the coming years compared with historical trends, despite it having fallen since the immediate aftermath...
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3 Mar 23
A senior Chinese official has defended the nation’s efforts to support debt restructuring for emerging economies amid international criticism.
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3 Mar 23
Italy has been forced to recognise a much larger budget deficit in each of the past three years, pushing it even further away from currently suspended European Union rules.
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2 Mar 23
An “attractive” tax system encouraging private investment could help rebuild Ukraine, the country’s president said as he announced that his government has begun working with the OECD to develop one.
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1 Mar 23
Concerns over a potential debt default and restricted access to new borrowing have led to ratings agency Moody’s downgrading Pakistan’s credit rating.
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28 Feb 23
Malaysia’s fiscal position remains at risk of shocks and political pressure after last week’s budget contained only gradual ambitions to cut the government deficit, ratings agency analysts have...
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28 Feb 23
Earthquakes that devastated Turkey caused at least $34bn of damage to infrastructure, and billions more might be needed for the country to fully recover, the World Bank has said.
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27 Feb 23
An unusually strong US dollar combined with rising interest rates and high spending needs mean there is “no sign” of lower-income country debt recovering from its rapid rise since the onset of Covid-...
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24 Feb 23
The world’s largest economies must focus on supporting the most vulnerable people and countries to ensure the world economy recovers properly from Covid-19, Indian prime minister Narendra Modi has...
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24 Feb 23
Major central banks have been tipped to sell off $1trn of assets in both 2023 and 2024, partially reversing the jump in quantitative easing since the onset of Covid-19.
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22 Feb 23
The Ukrainian government has requested $15bn from the International Monetary Fund to meet immediate spending needs and pay for structural reforms.
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21 Feb 23
The US government has pledged to send $100m of additional aid to Turkey, after the country was hit by devastating earthquakes.
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21 Feb 23
Public disagreement between Israeli politicians and the country’s central bank have led to the finance minister speaking out against “populist” threats to the bank’s independence.
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20 Feb 23
The global agreement on minimum corporation tax rates is unlikely to raise large sums of money for low-income countries, and more work is needed to fix tax systems, the International Monetary Fund...
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16 Feb 23
Donations from European nations have ended a three-decade long battle to clear Somalia’s debt arrears with a United Nations development group, paving the way for new support.
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15 Feb 23
US president Joe Biden has appointed the vice-chair of the Federal Reserve as his new director of the National Economic Council.
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14 Feb 23
The European Union should avoid a further suspension to the bloc’s fiscal rules at the end of this year, a senior official has said.
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13 Feb 23
Governments across Europe have spent more than three-quarters of a trillion euros on shielding households and businesses against rising energy costs, researchers have found.
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10 Feb 23
The World Bank has launched the first tranche of its fund aimed at building resilience in developing nations in preparation for future pandemics.
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10 Feb 23
The Ukrainian government has earmarked a major tranche of new spending to support small businesses and repair crumbling infrastructure.
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8 Feb 23
Using up foreign reserves to meet soaring costs will restrict Egypt’s ability to service its debt and was named as a major contributor to a cut in its credit rating by ratings agency Moody’s.
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7 Feb 23
Rescue and aid efforts have been mobilised in Turkey and Syria following devastating earthquakes.
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7 Feb 23
The Reserve Bank of Australia has lifted its main lending rates for the ninth successive time in a bid to bring inflation under control.
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7 Feb 23
The end of Covid-19 restrictions will see the Chinese economy rebound this year, but the government still needs to focus on meeting longer-term demographic threats, the International Monetary Fund...