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A service for global professionals · Thursday, December 12, 2024 · 768,498,874 Articles · 3+ Million Readers
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  • Published on Dec 11, 2024

    IMF urges Kenya to fix fiscal framework, cut debt vulnerabilities to spur growth

    NAIROBI, Dec. 11 (Xinhua) -- The International Monetary Fund (IMF) has called on Kenya to strengthen its fiscal framework and reduce debt vulnerabilities to improve the country's resilience against economic and climate shocks. IMF Deputy Managing …

    Source: Xinhua News Agency - Gov't Propaganda
  • Published on Dec 11, 2024

    ADB approves $600 million loan for Bangladesh

    The Asian Development Bank (ADB) has approved a $600 million policy-based loan (PBL) for Bangladesh to support the country’s structural reforms. The reforms are aimed at strengthening domestic resource mobilisation, improving public investment efficiency, …

    Source: United News of Bangladesh - Label Pending
  • Published on Dec 11, 2024

    IMF disburses 10 mln USD loan to Somalia for economic reforms

    MOGADISHU, Dec. 11 (Xinhua) -- The International Monetary Fund (IMF) has approved the disbursement of 10 million U.S. dollars to Somalia to boost the country's economic reforms. The latest funding brings Somalia's total disbursement under the …

    Source: Xinhua News Agency - Gov't Propaganda
  • Published on Dec 11, 2024

    IMF blames Kenyan govt for over-taxation, warns against more loans as Nigel Clar...

    International Monetary Fund deputy managing director Nigel Clarke clarified that the IMF is not involved in Kenya's specific tax measures Clarke emphasized that the IMF does not design or influence Kenya's revenue-raising strategies, which are the …

    Source: TUKO - Neutral
  • Published on Dec 11, 2024

    IMF advises Kenya to prudently spend tax revenues: "Difficult balancing act"

    IMF deputy managing director Nigel Clarke pointed out that a large share of the government’s revenues was allocated to debt repayments at the expense of development Clarke asked President William Ruto's administration to enhance public financial …

    Source: TUKO - Neutral
  • Published on Dec 11, 2024

    Cambodia's public debt reaches $11.7B in Q3 amid new loan agreements

    Cambodia has spent significant amounts of money on building transportation infrastructure to drive national economic growth. Supplied In the third quarter of 2024, Cambodia signed new concessional loan agreements with development partners (DPs) amounting …

    Source: The Phnom Penh Post - Pro-Government
  • Published on Dec 11, 2024

    Kuwait GDP to contract in 2024, rebound expected in 2025: IMF

    KUWAIT CITY: The Executive Board of the International Monetary Fund (IMF) has concluded the Article IV consultation with Kuwait. A press release issued by IMF outlined the main points highlighted during the consultation: The economy is in recession due to …

    Source: Zawya - Uncategorized
  • Published on Dec 11, 2024

    ADB approves $600m for Bangladesh in immediate development loans

    The Asian Development Bank (ADB) has approved a $600 million policy-based loan (PBL) for Bangladesh, aimed at bolstering structural reforms to address domestic resource mobilisation, public investment efficiency, and private sector development.  The …

    Source: Daily Star - Neutral
  • Published on Dec 11, 2024

    IMF suggests power price hike to cut subsidy

    A fresh US$3.0-billion IMF loan is bound with strings of reforms that necessitate Bangladesh to hike power tariffs in the process of building a non-subsidy economy, officials said. A visiting team of the International Monetary Fund (IMF) in a meeting with …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on 05:07 GMT

    Sri Lanka rupee flat against US dollar, bond yields steady ahead of auction

    ECONOMYNEXT – Sri Lanka’s obsession over reopening car imports, shows a sad and worrying defeat of economics and the iron grip of naked mercantilism among policy makers that led the country to 72 years of exchange and trade controls and eventual external …

    Source: EconomyNext - Neutral
  • Published on 09:23 GMT

    Navigating Growth in 2025

    Taiwan’s economy confronts a challenging outlook of slowing global growth, geopolitical tensions, and the potential impact of U.S. trade policies. The Taiwan economy has performed strongly this year, buoyed by a combination of robust foreign demand for its …

    Source: Taiwan Business Topics - Neutral
  • Published on 10:50 GMT

    FG To Benefit $500m Facility From World Bank For Hope Project

    The Federal Government of Nigeria is to benefit from a Five Hundred Million Dollar loan facility from the World Bank for the Human Capital Opportunities for Prosperity and Equity (HOPE) project in the country.   The Honorable Minister of Budget and …

    Source: Galaxy TV - Label Pending
  • Published on Dec 9, 2024

    El Salvador to Change Bitcoin Payment Law for $1.3 Billion IMF Loan

    El Salvador, the first nation to adopt Bitcoin as legal tender, is preparing to scale back its cryptocurrency policies to secure a $1.3 billion loan agreement with the International Monetary Fund (IMF). The country made it compulsory for businesses to …

    Source: BeInCrypto - Center-left
  • Published on 11:26 GMT

    Argentines No Longer Love the Dollar, Thanks to Milei

    (Bloomberg) -- President Javier Milei achieved something in the past year that many considered impossible: He made Argentines fall out of love with the dollar — for now, at least. Most Read from Bloomberg For decades, Milei’s countrymen have preferred the …

    Source: Yahoo Finance - Label Pending
  • Published on 09:10 GMT

    Stocks soar past 113,000 points on another cheerful day

    Business Business Stocks soar past 113,000 points on another cheerful day Close The streak of surge continues for more than a month now amid a rosy economic picture Updated On: Thu, 12 Dec 2024 11:59:51 PKT KARACHI (Dunya News) – The Pakistan Stock …

    Source: Dunya News - Label Pending
  • Published on Dec 9, 2024

    Morocco races to implement reforms ahead of final IMF loan review

    Morocco is racing against time to implement a series of crucial reforms before February 2024, aiming to secure the final tranche of a $1.3 billion loan from the International Monetary Fund (IMF), according to a Bloomberg report. The IMF is scheduled to …

    Source: Hespress - Neutral
  • Published on Dec 9, 2024

    El Salvador required to remove mandatory Bitcoin acceptance to get $1.3 billion IMF loan – FT

    El Salvador reportedly expects to finalize a $1.3 billion IMF loan agreement in the coming weeks, adjusting its legal treatment of Bitcoin and aligning fiscal policies to secure international financing. According to the Financial Times, an IMF mission is …

    Source: CryptoSlate - Neutral
  • Published on 04:18 GMT

    Lilo concerned over rising national debt, fiscal health

    BY NED GAGAHE During the Second Reading Debate of the 2025 budget on Tuesday, MP for Central Honiara, Gordon Darcy Lilo raised concerns over the country’s escalating national debt, particularly the substantial increase in debt servicing outlined in the …

    Source: The Islandsun - Pro-Government
  • Published on 04:13 GMT

    FG to borrow $500 million from World Bank for HOPE projects

    The Federal Government said it is negotiating a $500 million loan facility from the World Bank to implement the Human Capital Opportunities for Prosperity and Equity (HOPE) project. The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, …

    Source: The Guardian (Nigeria) - Uncategorized

20 days 19:12:49

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