The New Zealand government will record an operating budget surplus in 2014/15 as new investment in priority areas is matched by a combination of savings and revenue initiatives, the country’s finance...
An informal summit of European Union leaders in Brussels ended last night with a renewed commitment to keep Greece in the eurozone but no new decisions on how to address the crisis facing the single...
The adoption of International Public Sector Accounting Standards by 39 African accountancy bodies is an ‘important milestone’ in developing a sound financial infrastructure on the continent, the...
Growth slowed to 8.2% in the East Asia and Pacific region last year, but it is still the strongest performer among developing regions, the World Bank said today.
The eurozone crisis has worsened since the turn of the year and urgent action is needed to prevent it damaging the fragile global economic recovery, the Organisation for Economic Co-operation and...
The Group of Eight leading economies have said they are committed to keeping Greece in the eurozone and to promoting growth and job creation worldwide.
UK aid programmes aimed at improving access to education in three east African countries are failing to provide children with basic literacy and numeracy skills, the Independent Commission for Aid...
An ‘unplanned’ breakup of the eurozone could cost the members of the single currency $1 trillion, the Centre for Economics and Business Research said today.
Developed economies must take ‘concrete and targeted’ action to tackle unacceptably high levels of youth unemployment, according to the Organisation for Economic Co-operation and Development.
A global financial transaction tax could raise up to $250bn (£156bn) a year that governments should use to fight poverty, reduce inequality and protect human rights, a group of United Nations-...
Sub-Saharan Africa’s economic output will increase by 5.5% this year as new resource production in many countries and a recovery in Western Africa help to boost the region’s performance, the...
Eurozone members have withheld part of their latest tranche of bailout funds for Greece, as doubts continue over the country’s commitment to meeting the terms of its agreements and remaining in the...
The Australian government will record an Aus$1.5bn (£935m) budget surplus in 2012/13 as it benefits from strong economic growth and ‘responsible and targeted’ public spending savings, the country’s...
Elections across Europe have revealed a voter backlash against the austerity measures being introduced by governments across the continent to tackle budget deficits
Fiscal austerity is making it harder for countries worst hit by the economic crisis to reduce their budget deficits and restore market confidence, the National Institute for Economic and Social...
Around 50 million jobs have gone ‘missing’ since the start of the global economic crisis in 2008 and the deficit is unlikely to be closed in the near future, according to the International Labour...
Too much European Union development aid goes to middle-income countries bordering the bloc and not enough to the world’s poorest people and countries, UK MPs said today.
Ireland has passed the latest review of progress towards the targets set by the European Union and International Monetary Fund’s €67.5bn bailout programme.
The UK needs to ensure its support for overseas elections has long-term benefits and should seek alternatives to the United Nations to channel the aid, the Independent Commission for Aid Impact said...
