Gulf economies contracting in 2020 to recover in 2021
Analysts see a deep economic contraction in the hydrocarbon-producing region this year...
Tag : IMF
Dubai’s GDP declines 3.5% in first quarter year-on-year
Real estate activity registered a growth of 3.7% in Q1 2020...
Nigeria anticipated to hit its worst recession in four decades: World Bank
The IMF and the World Bank anticipate the Nigerian economy to slip into recession impacting its lenders at a large scale...
Chinese government proposes stablecoin for four Asian countries
The four countries are Japan, China, Hong Kong and Korea...
Chile requests $23.8 bn Flexible Credit Line from IMF
This is an attempt to improve its economic resources during the ongoing crisis...
IMF lends $739 mn to Kenya; foreign reserve rises 9%
The country's usable foreign exchange reserves increased to $8,532 mn as of May 14...
Coronavirus pandemic to severely impact the renewable energy sector
China alone supplies more than 50% of solar equipment to the world...
Kenya issues Sh50 bn bond to provide further support
Even the IMF approved $1.23 bn of emergency funding for Kenya and Uganda...
UN releases framework to lift economies, save jobs
The UN calls for an scale-up of international support and political commitment to ensure access to essential services and social protection...