Economic news

WASHINGTON – The Executive Board of the International Monetary Fund (IMF) has approved a fourth tranche of debt service relief for 24 eligible low-income countries to help them fight the COVID-19 pandemic, announced Friday the IMF. “The Board of Directors also approved the inclusion of the Kyrgyz Republic and Lesotho among the beneficiary countries, allowing …

The US economy grew more than expected in the second quarter of the year. image file The gross domestic product of the world’s largest economy grew 6.7% in the second quarter of the year compared to the previous three months, according to a final estimate from the Bureau of Economic Analysis (BEA). The progress of …

NAIROBI – Kenya plans to borrow 1.550 billion shillings (approximately US $ 14 billion) from external sources in fiscal year 2021/2022, the National Treasury said on Wednesday in its loan and grant estimates. This is an increase from the $ 12 billion in fiscal year 2020/2021, according to the Treasury. (Kenya-External borrowing-Estimate) – – – …

WASHINGTON – The recovery of the East Asia and Pacific region has been compromised by the spread of the delta variant of COVID-19, the World Bank said on Monday, calling for a comprehensive strategy to contain COVID -19 and stimulate inclusive growth. Economic activity started to slow in the second quarter of 2021, and growth …

TOKYO – Japan must build a resilient economy by finding methods to fight COVID-19 infections and promote economic activities simultaneously, and by implementing reform measures to improve the business environment, book says government white. Local media reported on Friday that the Japanese government’s white paper on the economy and finance for fiscal 2021 underlined the …

SANTIAGO – The Latin America and the Caribbean region will experience economic growth of 5.9% in 2021 amid a pandemic that has exacerbated long-standing structural problems in the region, said the United Nations Economic Commission for Latin America and the Caribbean. In its report entitled “Economic Survey of Latin America and the Caribbean 2021: Labor …

(MENAFN- Baystreet.ca) China mixed on economic news Advertising Stocks in Asia-Pacific were mixed on Tuesday, as data showed slower growth in Chinese factory activity in August.The Nikkei 225 climbed 300.25 points, or 1.1%, to 28,089.54. The Japanese yen was trading at 109.84 per dollar, lower than the levels below 109.8 seen against the greenback yesterday.In …

Lately we’ve been hearing a lot about America’s billionaires who have increased their wealth by over $ 1 trillion in the past year as Covid precipitated the economy’s deepest recession since the 1930s. actual over the past year – as of the spring quarter of 2020 last year. until the spring term of 2021. During …