Substantial levels of corruption tied to foreign interests are flying too far under the radar in Africa, according to a United Nations report, which calls for new forms of measurement to capture the role played by international interests.
International Monetary Fund managing director Christine Lagarde has dismissed allegations that the fund is trying to push Greece to default as “simply nonsense” in a letter to Greek prime minister Alexis Tsipras.
The fall in oil prices has “decimated” Nigerian government revenues and slashed the country’s GDP growth from 6.3% in 2014 to an estimated 2.7% last year, the International Monetary Fund has said.
Transparency International has called for laws to shed light on the most secretive avenues of the global financial system in the wake of the “Panama Papers”.
The monitoring of public money used to leverage private sector investment in development could be enhanced through greater harmonisation between different parties, delegates at the Overseas Development Institute have heard.
Portugal has missed its 2015 fiscal deficit target and looks set to remain under the European Union’s excessive deficit corrective measures as a result, the International Monetary Fund has said.
Tax revenues in some African countries have risen by up to almost 7% since 2000, making a key contribution to economic development, the OECD has found.
