Spain could receive a multibillion euro bailout of its banking sector within weeks after formally asking for support from other eurozone countries this morning.
European Union development aid to the world’s poorest countries fell for the first time in almost a decade last year, as 14 countries reduced their spending.
The eurozone is under acute stress and needs to make an immediate forceful move towards full monetary union, the International Monetary Fund said last night.
Canada needs an over-arching strategy for its development aid and should also increase the amount it spends as soon as possible, the Organisation for Economic Co-operation and Development said...
The eurozone members of the Group of Twenty last night pledged to take ‘all necessary measures’ to safeguard the integrity and stability of the single currency.
The accounting profession needs to put ‘concerted, co-ordinated’ pressure on politicians to bring about a step change in public financial management worldwide, the chief executive of CIPFA said...
World Bank vice-president Fayezul Choudhury has been selected to replace Ian Ball as chief executive of the International Federation of Accountants next year.
Eurozone countries need to take concerted action to end the turbulence affecting the single currency by moving towards a closed fiscal and banking union, the European Central Bank said yesterday.
Developing countries should prepare for a long period of volatility in the global economy by cutting budget deficits and reducing short-term debt, the World Bank said yesterday.
Japan needs to move more forcefully to tackle ‘deep-rooted’ fiscal problems that have increased public debt ten-fold over the past 20 years, the International Monetary Fund said today.
The Group of Twenty should back moves towards greater transparency and accountability in public finances as part of a global effort to create economic sustainability and growth, the International...
Fitch sharply downgraded Spain’s credit rating from ‘AAA’ to ‘B’ last night due to the rising cost of an expected bailout of the country’s banks and ‘policy missteps’ at a European Union level.
The chair of the Federal Reserve has called on the US government to avoid a ‘sudden and severe’ fiscal contraction due to come into effect next if year if politicians fail to agree alternative...
Australia’s gross domestic product grew by 1.3% in the first three of months of 2012, reaffirming its position as ‘one of the strongest economies in the world’, according to the country’s deputy...
The Group of Seven leading nations yesterday pledged to monitor progress being made towards ‘financial and fiscal union’ in Europe, as Spain’s prime minister gave his support for a European banking...
The European Parliament’s budget committee has agreed to fund a pilot credit guarantee scheme that will help companies raise funds for infrastructure projects by issuing bonds.
Irish voters go to the polls today to decide if the country should sign the European Union treaty that sets legally binding budget deficit limits for eurozone members.
European Union member states are taking the necessary steps to improve their public finances, but not always in the most growth-friendly way, the European Commission said today.
African countries have been urged to design better strategies to tackle youth unemployment, after a report found that young people represent 60% of the continent’s unemployed.
Rich nations such as the UK must help poor countries to introduce transparent public finances and root out corruption. The benefits are clear to see, says the permanent secretary of the Department...
A group of 10 African countries has called for the wider use of systems which incorporate the financial value of natural resources and ecosystem stocks such as water provision into government...
The United States and Japan must implement credible fiscal consolidation plans to play their part in building a sustainable recovery, the presidents of the European Commission and Council said on...
The gross domestic product of the Organisation for Economic Co-operation and Development group of countries grew by 0.4% in the first quarter of 2012, up from 0.3% in the previous quarter.
