Egypt secures $1 billion World Bank reform support
CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures...
Tag : emerging markets
Argentina settles U.S. Treasury swap obligation in full
MENA Newswire, BUENOS AIRES: Argentina has repaid the United States $2.5 billion that it drew under a short term currency swap credit line from the U.S....
UN flags global economy operating near stagnation
NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United...
Global finance in turmoil as US commitment to IMF and World Bank wavers
Concerns over the United States' commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show...
Dollar strengthens in 2024 as markets brace for cautious Fed policies
The U.S. dollar ended 2024 with significant gains against most global currencies, supported by higher Treasury yields and reduced expectations for aggressive Federal Reserve rate...
IMF’s 2024 global growth forecast highlights U.S. resilience
The International Monetary Fund (IMF) has revised its global growth projection for 2024, increasing it by 0.2 percentage points to 3.1%. This upward revision is...
Economic downturn hits China’s global standing
Despite meeting its 2023 growth target with a 5.2% increase in real GDP, China has encountered a notable economic setback. For the first time in...
IMF highlights AI’s threat to 40% of global jobs, rising inequality
In a recent assessment by the International Monetary Fund (IMF), it has been revealed that nearly 40% of jobs worldwide could be influenced by the...
S&P foresees India’s $6.7 trillion journey by 2030 driven by PM Modi’s vision & policies
The economic prospects of India, the world's largest democracy, are poised to reach new heights with an expected annual growth rate of 6.7% from 2024,...
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic...