WASHINGTON: International Monetary Fund (IMF) and World Bank officials are joining dozens of economic leaders for a two-day summit in Paris, aiming to tackle the interlinked challenges of poverty alleviation and climate change. The meetings, hosted by French President Emmanuel Macron, have been billed as a
WASHINGTON: International Monetary Fund and World Bank officials are joining dozens of economic leaders for a two-day summit in Paris, aiming to tackle the interlinked challenges of poverty alleviation and climate change.
"Change is appropriate for the World Bank," Banga said."It isn't a symptom of failure or drift or irrelevance, it is a symptom of opportunity, life, and importance." The goal is to make progress on these reforms by the next annual meeting of the IMF and World Bank, which take place in October in Morocco.
The most significant breakthrough so far came at the IMF and World Bank spring meetings, when agreement was reached to boost the World Bank's lending capacity by up to US$5 billion per year for 10 years. Heading into the summit, there were hopes that progress could be made on a stalled two-year-old pledge by wealthier countries to recycle US$100 billion in IMF special drawing rights from rich countries to vulnerable economies.
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Philippine central bank on hold for rest of year, cut in early 2024: Reuters pollBENGALURU : The Philippine central bank will leave its key interest rate unchanged at 6.25 per cent for a second straight meeting on Thursday and the remainder of the year as price pressures ease, a Reuters poll of economists found.Inflation has steadily decreased from a 14-year peak in January and slowed
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Palestinian gunmen kill four Israelis in West BankNEAR ELI SETTLEMENT, West Bank - Palestinian gunmen shot dead four Israelis near a Jewish settlement in the occupied West Bank on Tuesday in an attack the militant Hamas group said was a response to a raid by Israeli forces in the flashpoint city of Jenin. Read more at straitstimes.com.
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S Korea central bank sees low possibility of banking crisis in countrySEOUL : South Korea's central bank said on Wednesday it saw little possibility of the country encountering a banking crisis or any trouble similar to events in the U.S. and Europe earlier this year. Even another banking crisis on a global scale was unlikely to cause sudden capital flight out of the countr
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Vietnam credit in high-risk sectors under control - central bankHANOI : Borrowing in Vietnam's high-risk sectors remains under control, deputy governor of the central bank, Dao Minh Tu, said on Wednesday.Credit growth, which as of June 15 was seen at 3.36 per cent against the end of 2022, is not as high as expected and increasing it remains a main goal, Tu said.
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Vietnam's credit growth slow, credit in high-risk sectors under control - central bankHANOI :Borrowing in Vietnam's high-risk sectors remained under control, while credit growth was less than expected despite banks' abundant liquidity, a deputy governor of the central bank said on Wednesday.Credit growth as of June 15 was seen at 3.36 per cent against the end of 2022 and was much lower than th
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Israel makes arrests after deadly West Bank shootingThe army said Israeli forces detained three “wanted people” in Orif village in the northern West Bank. Read more at straitstimes.com.
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