LONDON (Reuters) – The option of a one-time payment holiday during times of intense crisis might enable countries to pandemic-proof their bonds, a prominent debt fund believes. Economic fallout from COVID-19 has triggered a record number of sovereign defaults ... More »
DUBAI (Reuters) – Saudi Arabia’s central bank governor said it was encouraging commercial banks to lend more to sustain businesses during the coronavirus crisis. Saudi Arabian Monetary Authority (SAMA) Governor Ahmed al-Kholifey was speaking at a virtual econo... More »
WASHINGTON (Reuters) – The International Monetary Fund said on Monday the relaxation of the euro zone’s fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pa... More »
WASHINGTON (Reuters) – China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level. Yi ... More »
WASHINGTON (Reuters) – The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. Central bank governors and finance ministers traded grim tales of suffering economies at the International Mo... More »
WASHINGTON (Reuters) – Greece is looking to strike a deal this weekend to repay early about half of the loans it received from the International Monetary Fund, in a bid to lower the euro zone member’s burden of debt servicing, a senior official said on Friday.... More »
WASHINGTON (Reuters) – An internal European Central Bank model indicates the euro zone’s economic growth could slow further in the second quarter, suggesting the projected recovery may be delayed even further, two sources familiar with the discussion said on F... More »
MIT NAMA (Reuters) – When Houaida Mabrouk heard about a government campaign that offers free hepatitis C screenings, she hesitated, afraid of testing positive. But after many from her community started visiting health clinics to get checked, she changed her mi... More »
JOHANNESBURG (Reuters) – Thousands turned out on Sunday for a concert in Johannesburg to honor the life of Nelson Mandela, with Beyonce leading an all-star line-up. The event, held to mark 100 years since the birth of South Africa’s first black president, was ... More »
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade pract... More »
A security personnel stands next to International Monetary Fund logo at IMF headquarters in Washington, U.S., April 19, 2017. REUTERS/Yuri Gripas World finance leaders are gathering on U.S. President Donald Trump’s home turf on Thursday to try to nudge his sti... More »
Afghan men build a house on a hilltop overlooking Kabul, Afghanistan January 1, 2017. REUTERS/Mohammad Ismail A new tax regime aimed at weaning Afghanistan off international aid has boosted government revenues but drawn complaints from some private businesses ... More »
By Megan RowlingMARRAKESH, Morocco (Thomson Reuters Foundation) – Natural disasters have a more devastating impact on the poor than widely thought, f More »
Russian President Vladimir Putin and U.S. President Barack Obama discussed the conflicts in Syria and Ukraine at their meeting on the sidelines of the Group of 20 summit in China’s Hangzhou, Russian media cited the Kremlin spokesman as saying on Monday. More »
DHAKA The World Bank said on Sunday it has approved $150 million in additional financing to help improve Bangladesh’s health systems and services, bringing its total support for health projects in the country to $508.9 million. The support will help the govern... More »
SAN SALVADOR (Thomson Reuters Foundation) – The sweet sounds of classical music float across a sunny courtyard as a group of teenagers pluck the strings of violins and cellos. But beyond the high gates enclosing the courtyard of the Don Bosco Industrial Polygo... More »
JAGODINA, Serbia Ultra-nationalists are set to return to Serbia’s parliament in an April 24 election after an absence of several years, boosted by growing discontent with Prime Minister Aleksandar Vucic’s pro-European Union stance and austerity policies. They ... More »
BEIJING The International Monetary Fund’s decision on Ukraine’s debt to Russia did not change anything to Moscow, Russian Deputy Finance Minister Sergei Storchak told reporters in Beijing on Thursday. The International Monetary Fund’s Executive Board decided t... More »
SHANGHAI Officials from the world’s largest emerging nations launched the New Development Bank (NDB) on Tuesday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank... More »
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