The global economic outlook has become ‘more worrisome’ over the past few months and growth prospects have worsened, Christine Lagarde, the chief executive of the International Monetary Fund, said...
Barclays is unlikely to have acted alone in its manipulation of the London Interbank Offered Rate and there is ‘a lot more to come’, according to the former deputy governor of the Bank of England,...
The World Bank is ‘well positioned’ to meet future demands although it lent 8% less in 2011/12 than the previous year, according to former president Robert Zoellick.
Eurozone leaders last night agreed to use the single currency bloc’s bailout funds to recapitalise struggling banks directly instead of channelling the money through governments.
Overall health spending in the world’s leading economies stagnated in 2010 and early indications suggest little or no growth in 2011, the Organisation for Economic Co-operation and Development said...
The International Monetary Fund, the World Bank International Development Association and other external creditors yesterday agreed a $4.4bn debt write-off for Ivory Coast after the West African...
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...
