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-...
Deficient accounting by governments has been one of the causes of the sovereign debt crisis. So what can be done? Finance experts recently converged on Vienna to find a solution to this long-standing...
Governments have taken huge risks with their economies and created a situation where the sovereign debt crisis was inevitable, according to New Zealand’s former finance minister.
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.
