economic crisis

Taliban economy conference in Kabul stresses need for funds

The international community has been hesitant to officially recognize a Taliban government, wary they could impose some of the same harsh measures as under their previous rule, 20 years ago.

published on : 19th January 2022

IMF risks losing legitimacy over Argentina loan: Economy Minister Martin Guzman

Latin America's third-largest economy has been in recession since 2018 and is seeking to renegotiate its down payment plan, with amounts of $19 billion and $20 billion due in 2022 and 2023.

published on : 18th January 2022

India grants financial assistance of over USD 900 million to Sri Lanka to overcome forex crisis

Commenting on India's gesture, analysts said the Indian assistance could have contributed to Sri Lanka's doubling of reserves announced at the end of December.

published on : 14th January 2022

Afghan currency slides, prices surge as economy worsens

The afghani lost more than 11% of its value against the U.S. dollar in the space of a day earlier this week, before recouping somewhat. But the market remains volatile, and the devaluation is already

published on : 17th December 2021

As Lebanese got poorer, politicians stowed wealth abroad

Lebanon is in the midst of what the World Bank says is one of the world’s worst economic meltdowns in the past 150 years.

published on : 6th October 2021

Lebanon resumes contacts with IMF over bailout program

Deep disagreements festered within the Lebanese delegation during last year's negotiations with the IMF, with the government on one side and the central bank and local lenders on the other.

published on : 4th October 2021

Second wave may have more lasting damage on economy, exports to drive recovery: Moody's Analytics 

In its report titled 'APAC Economic Outlook: The Delta Roadblock', Moody's Analytics said social distancing is weighing on the current quarter, but economic recovery will resume by the year-end.

published on : 26th July 2021

No plan to print currency notes to tide over economic crisis: FM Nirmala Sitharaman

Many economists and experts have suggested the government to resort to printing more currency notes to support the economy ravaged by the spread of COVID-19.

published on : 26th July 2021

Despite global turbulence, Indian economy's fundamentals remain strong: Ravi Shankar Prasad

The Union Minister of Electronics and Information Technology stated that the government's policy interventions have made India an investor-friendly place.

published on : 16th September 2019

Venezuela devalues bolivar by 96 percent under new rate: Central bank

Expressed in the previous "strong bolivar" currency in effect until Monday, it amounts to a hike from 248,210 to 6,000,000 to the dollar.

published on : 22nd August 2018