Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
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
US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial...
Dollar strengthens in 2024 as markets brace for cautious Fed policies
The U.S. dollar posted strong gains in 2024, boosted by higher Treasury yields and a cautious Fed policy outlook, while markets braced for economic shifts...
IMF’s 2024 global growth forecast highlights U.S. resilience
IMF boosts 2024 global growth forecast by 0.2 points to 3.1%, crediting U.S. resilience and Chinese fiscal action....
Economic downturn hits China’s global standing
China meets its 5.2% 2023 growth target, but sees a first-in-30-years drop in dollar-denominated GDP, signaling economic slowdown....
IMF highlights AI’s threat to 40% of global jobs, rising inequality
The IMF reports that 40% of global jobs may be affected by AI, worsening job inequality, coinciding with the World Economic Forum in Davos....
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...