Latest News for: World debt

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This is the plan to rescue poor countries from the pandemic

Hartford Courant 25 Jun 2021
Poor countries are confronting the continued ravages of the coronavirus largely unprotected and with their resources strained by growing debts ... That amounts to only 5% of their total external debt ... Overall, the initiative has delivered total debt relief of about $5 billion, according to the World Bank.
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Column: Only half time in public debt match

Metro USA 25 Jun 2021
That appears to be as true for post-pandemic world economic policy and financial markets as for the European football championships now underway ... Having spent trillions of dollars supporting locked-down economies through the COVID-19 shock, government debts have mounted to new records ... But it ups the ante on public debt even further.
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Cambodia’s economy at a rocky Covid crossroads

Asiatimes 25 Jun 2021
According to them, the World Bank’s latest economic update forecasts Cambodia’s gross domestic product (GDP) to grow by 4% in 2021 after having contracted by 3.1% last year. However, that is not exactly what the World Bank said in its report published on June 16 ... Our World In Data.
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Outgoing German Ambassador speaks to Graphic

Graphic 25 Jun 2021
The COVID-19 global pandemic has had huge negative impact on the world’s economy and Ghana is no exception. Before, Ghana’s economy was skyrocketing and the IMF recorded a growth rate of 8.8 per cent in its World Economic Outlook, which made Ghana the fastest growing economy in the world in 2019.
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Selected Articles: Pediacide — Vaccine Risks for Kids

GlobalResearch 25 Jun 2021
The unspoken truth is that the novel coronavirus provides a pretext and a justification to powerful financial interests and corrupt politicians to precipitate the entire World into a spiral of mass unemployment, bankruptcy, extreme poverty and despair. Mounting Debts, Bankruptcies, Inflation, Mass Unemployment.
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Chinese Banks Stockpile Record $1 Trillion of Foreign Currencies

Caixin Online 25 Jun 2021
Overseas investors snapped up 1 trillion yuan ($154 billion) of onshore bonds over the past year, attracted by the relatively high yields on yuan-denominated debt. At the same time, China’s exports surged as its factories returned to operation while the rest of the world was still mired in the pandemic, boosting its trade surplus to a record ... itself.
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Chinese bank forex deposits exceed US$1 trillion

Hong Kong Standard 25 Jun 2021
Overseas investors snapped up 1 trillion yuan (US$154 billion) of onshore bonds over the past year, attracted by the relatively high yields on yuan-denominated debt. At the same time, China’s exports surged as its factories returned to operation while the rest of the world ...
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Experts worry, Okonjo-Iweala, Ahmed differ on Nigeria’s debts and endless borrowing

Ghana Web 24 Jun 2021
The Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Director General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, on Wednesday, differed on the nation’s debt-to-Gross Domestic Product ratio. Experts who spoke to our correspondents also expressed worry over the nation’s rising debt profile.
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Africa needs more funding to fight Covid-19, IMF chief says

The National 24 Jun 2021
IMF managing director Kristalina Georgieva on Wednesday appealed for more aid to African countries to help them bounce back from the Covid-19 pandemic, warning that the continent faces slower growth, rising debt levels and a shortage of vaccines, ... In North Africa, debt rose about 12 percentage points to 88 per cent of GDP.
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Backing grows for new IMF COVID and climate fund

Metro USA 24 Jun 2021
The UNDP estimates the IMF’s Poverty Reduction and Growth Trust (PRGT), which is also expected to play a key role in a voluntary redistribution of new ‘Special Drawing Rights’ (SDRs) money, is only open to 55 of the world’s 82 most debt-vulnerable developing economies.
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Letter to the Editor: Who Will Vote for the Gold Reserve Transparency Act?

The Centralia Chronicle 24 Jun 2021
In the last 15 years, government debt has skyrocketed. Debt ceilings don’t impede out of control spending, just increase the limit on the fiat credit card called the treasury ... In the next 18 months, or sooner, when interest rates move higher, the already insolvent government will have to borrow to pay debt interest.
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Backing grows for new IMF Covid-19 and climate fund

Straits Times 24 Jun 2021
The UNDP estimates the IMF's Poverty Reduction and Growth Trust (PRGT), which is also expected to play a key role in a voluntary redistribution of new Special Drawing Rights�(SDRs) money, is only open to 55 of the world's 82 most debt-vulnerable developing economies.
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Cradle to grave

The Maryville Daily Times 24 Jun 2021
Dear Editor. ... World War II was the only comparable period with as much spending and new debt as the past two years ... Economic growth slowly reduced government debt as a share of gross domestic product.� ... The burden will include an unprecedented level of new and rising debt. As entitlements grow, so will the debt ... Buddy Hunt. Old Niles Ferry Road ... ....
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Singapore files 105 additional charges against Lim Oon Kuin, founder of collapsed oil trader Hin Leong

Hong Kong Standard 24 Jun 2021
A Singapore court in May approved a freeze on up to US$3.5 billion of Lim family assets, boosting the prospect of debt recovery from the former oil trading empire that counts some of the world's biggest banks among its creditors.-Photos. Reuters/Straits Times.
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Singapore Files 105 New Charges Against Oil Trader Hin Leong Founder O.K. Lim

FX Empire 24 Jun 2021
A Singapore court in May approved a freeze on up to $3.5 billion of Lim family assets, boosting the prospect of debt recovery from the former oil trading empire that counts some of the world’s biggest banks among its creditors.

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