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The Daily NewsBrief

The Daily NewsBrief

Public finance

Indonesian Parliament Approves $24 Billion in Energy Subsidies

May 19, 2022 by Fourth Estate Wire

The Indonesian parliament has approved a government request to pump $24 billion into energy subsidies to help cancel out the surge in domestic energy prices driven by global inflation. Parliament...


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Sri Lanka Begins Talks With China on Refinancing Debt

April 26, 2022 by Fourth Estate Wire

Sri Lanka’s government said on Tuesday that it is discussing obtaining another loan from Beijing to repay some of its debts to Chinese banks as the island nation struggles with...


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EU Mulls Retrieving Le Pen’s Misappropriated Funds

April 18, 2022 by Fourth Estate Wire

The European Union sought to retrieve the alleged misappropriated public funds of Marine Le Pen while she was a member of the European Parliament (MEP) between 2004 and 2017. OLAF’s...


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Regulators Monitor Use of Cryptocurrency in Russian-Ukrainian War

March 21, 2022 by Fourth Estate Wire

The global Financial Stability Board (FSB) is monitoring the use of cryptocurrencies in Ukraine over concerns that they can be used to evade sanctions imposed on Russia. “We at the...


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Russian Default on Debts No Longer ‘Improbable’: IMF Head

March 14, 2022 by Fourth Estate Wire

The International Monetary Fund (IMF) sees that a Russian default on its debts has become more than likely, but would not trigger a global financial crisis, the international lender’s head...


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IMF Approves $1.4B Emergency Funding for Ukraine

March 10, 2022 by Fourth Estate Wire

The International Monetary Fund (IMF) said its executive board approved $1.4 billion in emergency funding for Ukraine to help meet urgent humanitarian needs and mitigate the impacts of Russia’s invasion....


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US House Passes Short-term Funding Bill to Avert Federal Shutdown

February 9, 2022 by Fourth Estate Wire

The U.S. House of Representatives on Tuesday passed a bill that would keep federal agencies funded until March and temporarily avert a shutdown later this month. The Senate is expected...


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Sweden to Phase Out Most Pandemic Aid Programs as Restrictions Ease

February 8, 2022 by Fourth Estate Wire

Sweden is set to phase out of most of its pandemic stimulus as the country eases out of its COVID-19 restrictions. Government subsidies for companies will stay through February, and...


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UK National Debt Hits Highest Level Since 1960s

December 29, 2021 by Fourth Estate Wire

The U.K. government borrowed £17.4 billion ($23 billion) in November, outstripping economists’ expectations as officials brace for more debt to cushion the expected risks of the Omicron variant on the...


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Brazil Kicks IMF Representative Over Estimate Complaints

December 16, 2021 by Fourth Estate Wire

Brazil’s government is kicking out the International Monetary Fund’s representative to the country over complaints that the institution’s economic forecasts have been consistently inaccurate. Economy Minister Paulo Guedes said on...


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