Irish voters go to the polls today to decide if the country should sign the European Union treaty that sets legally binding budget deficit limits for eurozone members.
European Union member states are taking the necessary steps to improve their public finances, but not always in the most growth-friendly way, the European Commission said today.
African countries have been urged to design better strategies to tackle youth unemployment, after a report found that young people represent 60% of the continent’s unemployed.
Rich nations such as the UK must help poor countries to introduce transparent public finances and root out corruption. The benefits are clear to see, says the permanent secretary of the Department...
A group of 10 African countries has called for the wider use of systems which incorporate the financial value of natural resources and ecosystem stocks such as water provision into government...
The United States and Japan must implement credible fiscal consolidation plans to play their part in building a sustainable recovery, the presidents of the European Commission and Council said on...
The gross domestic product of the Organisation for Economic Co-operation and Development group of countries grew by 0.4% in the first quarter of 2012, up from 0.3% in the previous quarter.
The New Zealand government will record an operating budget surplus in 2014/15 as new investment in priority areas is matched by a combination of savings and revenue initiatives, the country’s finance...
An informal summit of European Union leaders in Brussels ended last night with a renewed commitment to keep Greece in the eurozone but no new decisions on how to address the crisis facing the single...
The adoption of International Public Sector Accounting Standards by 39 African accountancy bodies is an ‘important milestone’ in developing a sound financial infrastructure on the continent, the...
Growth slowed to 8.2% in the East Asia and Pacific region last year, but it is still the strongest performer among developing regions, the World Bank said today.
The eurozone crisis has worsened since the turn of the year and urgent action is needed to prevent it damaging the fragile global economic recovery, the Organisation for Economic Co-operation and...
The Group of Eight leading economies have said they are committed to keeping Greece in the eurozone and to promoting growth and job creation worldwide.
UK aid programmes aimed at improving access to education in three east African countries are failing to provide children with basic literacy and numeracy skills, the Independent Commission for Aid...
An ‘unplanned’ breakup of the eurozone could cost the members of the single currency $1 trillion, the Centre for Economics and Business Research said today.
Developed economies must take ‘concrete and targeted’ action to tackle unacceptably high levels of youth unemployment, according to the Organisation for Economic Co-operation and Development.
A global financial transaction tax could raise up to $250bn (£156bn) a year that governments should use to fight poverty, reduce inequality and protect human rights, a group of United Nations-...
Sub-Saharan Africa’s economic output will increase by 5.5% this year as new resource production in many countries and a recovery in Western Africa help to boost the region’s performance, the...
Eurozone members have withheld part of their latest tranche of bailout funds for Greece, as doubts continue over the country’s commitment to meeting the terms of its agreements and remaining in the...
The Australian government will record an Aus$1.5bn (£935m) budget surplus in 2012/13 as it benefits from strong economic growth and ‘responsible and targeted’ public spending savings, the country’s...
Elections across Europe have revealed a voter backlash against the austerity measures being introduced by governments across the continent to tackle budget deficits
Fiscal austerity is making it harder for countries worst hit by the economic crisis to reduce their budget deficits and restore market confidence, the National Institute for Economic and Social...
