Economy

According to a news release issued by the Asian Development Bank (ADB) on Wednesday, a loan of 40 million dollars has been authorized to assist the Cambodian government in advancing changes in the provision of public...

The International Monetary Fund (IMF) has placed a strong emphasis on tackling persistent structural problems in order to strengthen Bangladesh’s economy and foster an environment that will allow for more growth. “Policy priorities must focus on...

The Bangladesh Bank said on Thursday that the country’s actual foreign exchange reserves currently total USD 23.56 billion. The amount is less than the previously predicted total FX reserve of USD 29.97 billion by USD 6.4...

One of the key requirements established by the International Monetary Fund (IMF) prior to sanctioning a loan program for Bangladesh is that the net foreign exchange reserves must be USD 24.46 billion in June, reports Prothom...

The board of the International Monetary Fund authorized a $3 billion rescue program for Pakistan, which would begin disbursing funds right away for economic stabilization in the struggling South Asian region, the lender said on Wednesday....

At a discussion on economic matters on Tuesday, Russian Prime Minister Mikhail Mishustin declared that the country’s inflation rate is now among the lowest in the entire globe. “Inflation remains moderate. It stood at 2.9% from...

Finance Minister Jeremy Hunt is set to propose new measures to boost Britain’s powerful financial sector on Monday, with the goal of making the country the “most innovative and competitive” financial center in the world. Hunt...

Argentina paid a $2.7 billion loan repayment to the International Monetary Fund on Friday, partly using Chinese yuan, according to the economy ministry. To avoid depleting its limited foreign currency reserves, the country paid some of...

President Joe Biden vowed Wednesday to restore the American dream in a speech supporting his “Bidenomics” strategy, which he claims will end decades of Republican economic thinking that benefits the wealthy. “Bidenomics is about the future....

Sri Lankan authorities have ordered a five-day financial market shutdown beginning Thursday, ahead of a contentious drive to restructure the government’s domestic debt totaling more than $51 billion. The restructuring affects government bonds in accordance with...