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24 Apr 12
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...
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23 Apr 12
European Union member states’ combined deficit fell last year, but levels of public sector debt increased, according to figures published today by Eurostat.
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20 Apr 12
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.
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19 Apr 12
The Group of 20 must encourage governments to seriously address the quality of public sector financial management, the International Federation of Accountants said yesterday.
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19 Apr 12
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.
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18 Apr 12
The International Monetary Fund has upgraded its forecasts for worldwide economic growth in 2012 and 2013.
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17 Apr 12
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.
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16 Apr 12
Just over 1% of last year’s European Union budget was unspent, the lowest surplus in recent years, according to the European Commission.
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13 Apr 12
The global economy has improved but more needs to be done to build on the ‘fragile’ recovery, according to the International Monetary Fund.
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12 Apr 12
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...
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12 Apr 12
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...
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11 Apr 12
Development banks have committed up to $35bn a year to boost ‘socially inclusive’ growth in Latin America and the Caribbean.
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10 Apr 12
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...
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5 Apr 12
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...
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3 Apr 12
European Union member states are to have their tax rules examined to ensure they don’t discriminate against cross-border workers.
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3 Apr 12
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...
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3 Apr 12
The US city of Detroit is set to vote on a deal proposed by the state of Michigan to help it improve its finances, amid concerns it could go bust.
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30 Mar 12
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.
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30 Mar 12
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.
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29 Mar 12
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 ‘...
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29 Mar 12
The UK government should drop its commitment to spend 0.7% of gross national income on aid from 2013, peers said today.
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28 Mar 12
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...
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28 Mar 12
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’.
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27 Mar 12
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-...
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26 Mar 12
Candidates from the United States, Colombia and Nigeria have been nominated to become the next president of the World Bank.
24 Apr 12European 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...
12 Apr 12The 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...
3 Apr 12It’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...
