Where does China stand with the yuan?
Europe has come into China’s focus to grow the renminbi internationally—making it the largest CYR market outside of Hong Kong...
Tag : IMF
IMF is assisting countries mired in debt crisis
The programme that freezes payments on IMF debt from poor countries is expected to be extended through 2021...
Kenya seeks IMF loan worth $2.3 bn to stabilise rising debt
The country’s fiscal deficit will increase to 8.3% of GDP in the fiscal year to June 2021 from 7.4% in the current fiscal year...
Golden visa extension will support UAE’s economic recovery
Recently, the UAE approved the issue of a 10-year golden visa to professionals from various sectors...
Argentina to request IMF for an extended fund facility
This will allow the country to develop a host of economic reforms and delay repayment of loan worth $44 billion...
UAE’s revised economic outlook to contract by 6.6% in 2020: IMF
economy will recover by 1.3 percent next year...
IFC invests $70 mn in Vietnam-based Indo Trans Logistics
This is IFC’s first investment in Vietnam’s logistics sector...
Gulf economies contracting in 2020 to recover in 2021
Analysts see a deep economic contraction in the hydrocarbon-producing region this year...
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...