The International Monetary Fund announced on Tuesday afternoon that the Colombian government has drawn $5.4 billion from its flexible credit line with the economic institution, which the country will use to help mitigate the impact of the COVID-19 pandemic in its economy.
The French Finance Ministry has ordered tech giants to pay for the digital services tax introduced in the European country last year despite the U.S. government’s warning that it could slap retaliatory tariffs on French imports.
The US Treasury Department said on Thursday afternoon that the United States government started the 2021 fiscal year with an October budget deficit of $284 billion, as COVID-19-related outlays spiked significantly from a year earlier and revenues declined.
Indonesia has signed a loan deal with Australia amounting to AU$ 1.5 billion for Covid-19 relief efforts, Indonesian finance minister Sri Mulyani Indrawati announced on Thursday.
The Spanish government of Prime Minister Pedro Sanchez presented on Wednesday morning its 2021 budget, which includes tax hikes for the nation’s millionaires and wealthiest in order to help fund historic spending.