European Union countries are likely to miss their collective goal of spending 0.7% of their gross national income on development aid by 2015, the Organisation for Economic Co-operation and...
European Union member states’ combined deficit fell last year, but levels of public sector debt increased, according to figures published today by Eurostat.
Developing and emerging market countries have called on the World Bank and its shareholders to take action to ensure it can lend enough money to support their long-term development needs.
The Group of 20 must encourage governments to seriously address the quality of public sector financial management, the International Federation of Accountants said yesterday.
The European Investment Bank needs more capital funding from European Union member states to do more for growth and jobs, the vice-president of the European Commission said yesterday.
US national Dr Jim Yong Kim has been chosen as the next president of the World Bank, beating Nigerian finance minister Ngozi Okonjo-Iweala to become the twelfth holder of the post.
Governments must reduce debt levels to 50% of gross domestic product or lower to provide a safety margin against future economic shocks, the Organisation for Economic Co-operation and Development...
The International Monetary Fund has backed the UK government’s plans to link the state retirement age to increases in longevity, warning that the costs of an ageing population could ‘threaten the...
Improving the governance of state-run enterprises would help to restore confidence in public institutions in the Middle East and North Africa in the wake of the Arab Spring, the Organisation for...
International Monetary Fund managing director Christine Lagarde has called for higher contributions from member countries, warning that there is a need to ‘increase our firepower’ in response to the...
It’s not just national governments facing debt crises and ratings downgrades. Local and regional authorities worldwide have been in meltdown, as the credit squeeze hits. But some are starting to...
The International Monetary Fund must speed up reforms to give developing countries a bigger say in the organisation, the leaders of the biggest emerging economies said yesterday.
The first half of 2012 will see ‘robust’ growth in the United States and Canada but much weaker activity in Europe, the Organisation for Economic Co-operation and Development said yesterday.
The International Monetary Fund has decided to lend Angola the remaining $132.9m of a package agreed in 2009, despite calls for the money to be withheld until the country explains a $32bn ‘...
The World Bank will focus on building ‘capable, transparent and accountable’ institutions in countries it supports as well as monitoring its programmes more rigorously, according to its updated...
Campaigners have urged the International Monetary Fund to withhold a $130m loan to Angola until the southern African country fully explains a $32bn accounting ‘discrepancy’.
Eurozone stability funds should be increased to at least €1 trillion as part of ‘decisive action’ to stabilise vulnerable economies, the secretary general of the Organisation for Economic Co-...
