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News and comment on global public financial management


  • The European Union has finally agreed its seven-year budget framework from 2014 after two and a half years of negotiations. Europe's labour lessonsAt last, the Eurozone's longest recession is over, but there is plenty still to do not least to get unemployment levels back under control. Minouche Shafik, Deputy Managing Director of the IMF, says deeper integration holds the key to a more prosperous development path 14 January 2014
  • Spacer IMF extends Zimbabwe programme to JuneInternational Monetary Fund staff are to continue to scrutinise Zimbabwe for a further six months to allow it more time to pursue its economic reforms 14 January 2014
  • Spacer US Senate blocks increase in IMF paymentsThe US Senate has refused to back a planned contribution hike to the International Monetary Fund, throwing attempts to increase the money available to the organisation to deal with financial crises into doubt 14 January 2014
  • CIPFA is to help developing countries across the globe improve their public financial management after it was appointed to the UK Department for International Development’s programme to boost national financial and economic expertise. CIPFA selected to join DFID PFM programmeCIPFA is to help developing countries across the globe improve their public financial management after it was appointed to the UK Department for International Development's programme to boost national financial and economic expertise 13 January 2014
  • Spacer UK government urges increase in international aid to SyriaJustine Greening, the UK's international development secretary, has called on countries across the globe to step up the funding provided to help alleviate the humanitarian crisis in Syria 13 January 2014
  • Spacer MEPs warn on social costs of troika policiesThe international bailout programmes in Greece, Cyprus, Ireland and Portugal have not achieved the growth expected and have come at the cost of high unemployment and weakened employment rights, European MPs claimed this week. 10 January 2014
  • Spacer IMF and World Bank reject Zimbabwe's loan bidZimbabwe has failed in its bid to qualify for a new loan from international lenders and has been told to clear its arrears before it can receive funds 09 January 2014
  • Spacer EU code adopted to ensure structural funds spent effectivelyThe European Commission has adopted a common set of standards to improve the way member states consult with partners over the planning and spending of structural funds. 08 January 2014
  • Spacer MPs slam 'ad hoc' decision to suspend aid to South AfricaThe UK's decision to end bilateral aid programme South Africa was 'ad hoc', driven by short-term political pressures and neither methodical nor transparent, MPs on the International Development Committee said today. 08 January 2014
  • Spacer US Senate confirms Yellen as next Fed chiefUS President Barak Obama has welcomed the Senate's confirmation of Janet Yellen as the next chair of the Federal Reserve 07 January 2014
  • Christine Lagarde_PA Kenya must continue budget controls under devolution, says IMFThe head of the International Monetary Fund has praised Kenya for its fiscal discipline and urged it to be maintained as more spending control is passed down to the localities 06 January 2014
  • Spacer India and World Bank strike deal to improve road links in RajasthanThe government of India and the World Bank yesterday signed a $160m credit agreement to improve road links between rural communities in Rajasthan 03 January 2014
  • Spacer Burundi urged to address 'structural weaknesses' in public spendingBurundi needs to increase domestic tax revenues and improve its budget transparency to address structural weaknesses in the management of the public expenditure, the World Bank has said. 23 December 2013
  • Spacer Eurozone moves closer to banking unionEuropean leaders have agreed to create a €55bn rescue fund for banks in the eurozone area, as part of moves to establish a banking union for the currency zone that will remove the need for taxpayer bailouts. 19 December 2013
  • World Bank_DA World Bank launches fiscal transparency driveThe World Bank has launched a new campaign to encourage emerging economies to become more transparent in their budget-setting process. 17 December 2013
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