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Latin America tax evasion will strain state funds

Location:

LATIN AMERICA

VAT evasion alone amounted to some 2.4% of Latin America’s GDP in 2015 -- roughly the region’s estimated growth for 2017

Islamic State will prepare for the next phase

Location:

MIDDLE EAST

As the salafi-jihadist group loses its territorial ‘caliphate’ in Syria and Iraq, it is redeploying fighters and funds

Official aid is under pressure; private aid is growing

Location:

INT

Large US budget cuts risk squeezing public foreign aid, but more private co-funding may fill some of the gap

Moscow needs strong revenue growth to fund spending

Location:

RUSSIA

Russia plans to increase federal revenues and spending to record levels to fund the war in Ukraine

African Union will struggle to close funding gap

Location:

AFRICA

The African Union has a plan for financial self-reliance, but implementation is lagging behind aspiration

Regional inequality may widen as China’s GDP recovers

Location:

CHINA

Local governments will spend trillions of renminbi to aid GDP and jobs, but the scope to add productive capacity varies

Public banks can finance SDGs more, but 2030 is a rush

Location:

INTERNATIONAL

The UNCTAD report urging public banks to do the “heavy lifting” to meet UN Sustainable Development Goals is ambitious

Pandemic response threatens climate funding shortfall

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INT

Low- and middle-income states must spend more than 1% of GDP a year on environmental protection but budgets may narrow

Tajikistan hopes to borrow its way out of debt trouble

Location:

TAJIKISTAN

The finance ministry insists its temporary debt relief request does not imply distress

Insufficient infrastructure risks dampening global GDP

Location:

INT

The world needs to spend almost 100 trillion dollars on infrastructure by 2040, equivalent to five times US GDP