To prevent debt crises, the top economic envoy for the US Treasury on Friday urged the International Monetary Fund and multilateral development banks to explore
Category: Emerging Markets
Emerging Markets got $5.5b forex inflows in May making it the 7th straight month.
May saw foreign portfolio inflows into emerging markets for the seventh consecutive month as a result of investors flooding the market with bonds; but, the
World Bank considers expanding guarantees for commercial loans for the private sector of developing economies.
The World Bank announced on Monday that it is exploring methods to increase the commercial loan guarantees it offers in order to increase the amount
Emerging economies are locked in a debt crisis as loan interest and debt repayments exceed $500m a day. – Oxfam
A financial crisis that has brought numerous nations to the verge of default will force budget cuts of $220 billion on some of the world’s
Developing countries are experiencing serious debt crises, poverty, and hunger. – UNDP
On Tuesday, the United Nations Development Programme (UNDP) added its voice to the chorus of organizations and charities warning that a severe debt crisis is
Tanzania and a Turkish company have signed a $1.9 billion railway contract.
Tanzania inked a contract with Turkish firm Yapi Merkezi on Tuesday to build a 368-kilometer section of standard gauge railway that will cost $1.9 billion
After protests in India, Apple has put supplier Foxconn on probation.
After both businesses discovered that several worker dorms and dining rooms did not meet minimum standards, Apple said it has placed the southern Indian facility
Monopolies enjoyed by large trading families in UAE to be broken up.
The government of the United Arab Emirates has informed several of the country’s most powerful business families that it intends to end its monopoly on
Nubank is Brazil’s third most valuable public company, having a market worth of $52 billion.
In their stock market debut on Thursday, Nubank’s shares started 25% above the offer price, giving the company a market capitalization of about $52 billion,
RuPay favored by India, Visa complains to US government.
Visa Inc has complained to the US government that India’s “informal and formal” promotion of domestic payments rival RuPay affects the US behemoth in a
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