Sri Lanka suspends foreign debt payments to avoid hard default
The foreign debt payments stand at $4bn which is due this year....
IMF
IMF tells emerging markets to prepare for turbulence
The US federal policy is tightening could create disruptions in financial markets,...
Vaccine inequality leading to uneven economic recovery
Due to unequal distribution of the Covid-19 vaccine, the economy of rich...
IMF cuts down China’s economic growth to 8% in 2021
Analysts warned that China is facing a painful fallout from real estate...
CBDC can enhance cross-border payments efficiency
Hong Kong and Singapore leading in CBDC efforts, BIS mentioned that countries...
IMF approves $2.34 bn in financing for Kenya
The implementation of a 16% increase in VAT is to help the...
IMF backs CBN on cryptocurrency transactions ban
The CBN recently issued a circular to all banks stating that all...
South Africa accelerates efforts to revive its economy—like Saudi
The government is switching from a commodity-focused economic model to a more...
China to be the only major economy to grow this year
The country’s GDP is expected to surge 1.9 percent before a significant...
SoftBank invests $150 mn in Didi Chuxing’s ride-hailing unit Qingju
The bike-sharing firm has raised more than $1 bn in its latest...