More development aid needs to be spent on reducing the risk and impact of disasters in countries most in need of humanitarian aid, the United Nations said yesterday.
Governments across the world must make the move to ‘high quality and uniform’ accrual-based financial reporting standards, the International Federation of Accountants said yesterday.
Putting African countries in the ‘driving seat’ of their development could end their dependence on aid within a generation, according to former UK Prime Minister Tony Blair.
China will have to spend more on social services and give local government more spending power to achieve a ‘better quality’ of growth, according to the managing director of the World Bank.
The World Bank is to lend India $4.3bn over the next three years to help finance infrastructure and development projects under a special arrangement that will allow it to increase funding to the...
Gross domestic product growth in the Group of 20 countries slowed to 0.7% in the final three months of 2011, according to figures published today by the Organisation for Economic Co-operation and...
Eurozone finance ministers have agreed to the latest €130bn bailout package for Greece and stepped up the pressure on Spain to reduce its budget deficit.
The United Nations Educational, Scientific and Cultural Organisation has set out how it plans to achieve its programmes for 2012/13 despite ‘severe funding constraints’.
The UK Department for International Development’s use of outside agencies and consultants as a cost-cutting measure could reduce the effectiveness of its aid programmes, MPs said on Friday.
US state and local government pension plans will face a tough struggle to meet their obligations in the long term as budgetary pressures increase, the US Government Accountability Office has said.
European Commission president José Manuel Barroso today said he had ‘no doubt’ Spain would comply with the new eurozone fiscal compact, although its deficit has risen.
Policies aimed at reducing rural poverty in the developing world should focus on improving productivity in the agricultural sector, the Organisation for Economic Co-operation and Development has said.
Portugal moved a step closer to receiving its next tranche of bailout funding yesterday, after the European Commission, European Central Bank and International Monetary Fund said its deficit...
Governments need to lay the foundations for a stable and lasting economic recovery by dealing with fiscal deficits, enabling growth and encouraging talent in the workforce, PricewaterhouseCoopers...
Developing countries must do more to create the right business conditions to raise the capital needed for major public-private infrastructure projects, according to the World Bank Institute.
Finance ministers from the world’s leading economies will wait until the eurozone countries commit more money to protect the single currency before agreeing to bolster the International Monetary Fund...
European Commission plans to withhold €495m of Hungary’s funding for 2013 over its failure to reduce its budget deficit are ‘unfounded and unfair’, the country’s government said yesterday.
The European Commission has slashed its 2012 growth forecasts for both the European Union and eurozone and said it now expects the 17 countries using the single currency to experience a ‘mild...
Finance ministers from three European Union countries yesterday voted against formally signing off the EU’s 2010 accounts after they were qualified for the seventeenth year running.