WBG unveils financial package to boost lending capacity
The World Bank Group announced a new financial initiative on Tuesday aimed at increasing its lending capacity and…
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Financial stability
Bank of Korea keeps base rate steady at 3.50%
The Bank of Korea kept the base rate unchanged at 3.50 per cent on Thursday. This decision reflects the Board's…
President Sisi prioritises inflation control, social spending
Egypt’s President Abdel Fattah al-Sisi on Tuesday instructed government officials to prioritise tackling inflation…
Philippine c. bank amends FX regulations
The Philippine central bank approved amendments to FX regulations, to facilitate timely reporting by banks for…
China’s Ganfeng Lithium plans to build derivatives desk
Ganfeng Lithium Group Co. is considering setting up a derivatives-trading desk to manage risk in response to market…
Yellen urges German banks for stricter Russia sanctions
US Treasury Secretary Janet Yellen has called on German bank executives to enhance efforts to comply with sanctions…
ECB urges new regulations for AI in finance
The European Central Bank (ECB) is calling for a close watch on the use of artificial intelligence (AI) in finance.…
IMF approves $1,15m loan to Bangladesh
The International Monetary Fund (IMF) announced a staff-level agreement to provide Bangladesh with $1,15 million.
Euro area economy set for recovery in ’24, OECD forecasts
The eurozone is likely to see GDP growth of 0.7 per cent in 2024, and 1.5 per cent in 2025, according to the…
