The ECCB’s Timothy Antoine on currency union, cooperation and DCash 2.0

The ECCB’s Timothy Antoine on currency union, cooperation and DCash 2.0

The Eastern Caribbean Central Bank is celebrating 40 years since its founding. What do you view as the main benefits of the Eastern Caribbean Currency Union? The main benefit, without a doubt, is relatively low inflation over an extended period. Since 1976, we have pegged US$1 to EC$2.7. Our inflation is largely imported and typically … Read more

World Economy Latest: China’s Economy Gains Momentum

World Economy Latest: China’s Economy Gains Momentum

Economic growth in China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts. Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the … Read more

‘Tipping point’: Pakistan’s 40% population below poverty line, says World Bank | World News

‘Tipping point’: Pakistan’s 40% population below poverty line, says World Bank | World News

The World Bank has warned that Pakistan is at a tipping point on poverty with 40 per cent of its population below the poverty line, The Financial Post reported. Pakistan Economic Crisis: A woman checks rice prices at a main wholesale market in Karachi. (AFP) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The warning comes ahead of the … Read more

World Economy Latest: Africa Eyes Opportunity Hosting IMF, World Bank

World Economy Latest: Africa Eyes Opportunity Hosting IMF, World Bank

I’m Alister Bull, an economics and government editor in Johannesburg. Today we’re looking at the IMF and World Bank meetings, which are being staged in Africa for the first time in 50 years. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you … Read more

World Bank maintains India’s GDP growth at 6.3 % for current fiscal year | Latest News India

World Bank maintains India’s GDP growth at 6.3 % for current fiscal year | Latest News India

The World Bank has retained India’s GDP growth forecast for the financial year 2023-24 at 6.3 per cent and noted that the country continued to show resilience against the backdrop of a challenging global environment. World Bank maintains India current fiscal year growth forecast at 6.3%(HT File Photo) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The World Bank … Read more

Global Economy Latest: World Economy Showing Geopolitical Fissures

Global Economy Latest: World Economy Showing Geopolitical Fissures

I’m Shawn Donnan, a senior writer for economics in Washington. Today I’m looking at how geopolitics is changing the global economy. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X, the social media platform formerly known as Twitter, via @economics. And if you aren’t yet signed up to receive this newsletter, … Read more

Three roads to be blacktopped with World Bank’s grant

Three roads to be blacktopped with World Bank’s grant

GALKOT (Baglung), Sept 19: Three roads in Baglung Municipality are to be asphalted with the grant assistance of the World Bank. The World Bank and the Municipality had signed a MoU for this project in 2020. As per the agreement, the grant of Rs 580 million is to be invested for infrastructure and social development … Read more

Three roads to be blacktopped with World Bank grant

Three roads to be blacktopped with World Bank grant

BAGLUNG, Sept 18: Three roads in Baglung Municipality are to be asphalted with grant assistance from the World Bank. The World Bank and the municipality had signed a MoU for this project in 2020. As per the agreement, the grant of Rs 580 million is to be invested for infrastructure and social development and the … Read more