Nigeria Considers Membership in G20, President Tinubu to Attend Summit in India

Nigeria Considers Membership in G20, President Tinubu to Attend Summit in India

Tinubu ball The Nigerian President is awaiting an invitation from Indian Prime Minister Narendra Modi. (Photo: AP) Abuja Nigeria, the largest country in Africa, is considering membership in the G20 confederation of the world’s most important economic powers. This is the result of consultations about the risks and benefits of such membership, a spokesman for … Read more

China’s Central Bank PBOC to Deploy Various Tools to Combat Economic Downturn

China’s Central Bank PBOC to Deploy Various Tools to Combat Economic Downturn

Zou Lan, head of the monetary policy department of the Chinese central bank PBOC Zou is also considering lowering the reserve ratio for commercial banks to allow them to lend more. (Foto: imago images/VCG) Beijing, Hong Kong China’s central bank wants to dig deep into its tool kit to fight an economic downturn in the world’s … Read more

Pakistan Secures $3 Billion Loan from IMF to Avert Default

Pakistan Secures $3 Billion Loan from IMF to Avert Default

Kristalina Georgieva and Shehbaz Sharif Last week the Pakistani Prime Minister met with the Managing Director of the IMF – now the agreement has followed. (Photo: via REUTERS) Lahore Pakistan averted default at the last minute. The government agreed on Friday with the International Monetary Fund (IMF) on a new loan of three billion dollars. … Read more