The Maldivian government's usable reserves stood at 63.2 million US dollars at the end of 2024, PSM News, the official state media of the Maldives, reported on Sunday. PSM News, quoting the country's central bank, Maldives Monetary Authority (MMA), said the government's general reserves stood at $
The International Monetary Fund will forecast steady global growth and continuing disinflation when it releases an updated World Economic Outlook on Jan. 17, IMF Managing Director Kristalina Georgieva told reporters on Friday. Georgieva said the US economy was doing "quite a bit better" than expec
The world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8 per cent in 2025, the United Nations said Thursday. In “World Economic Situation and Prospects 2025,” U.N. economists wrote that their positive prediction was driven by the s
Afghanistan's central bank injected 15 million US dollars into the local market on Wednesday to boost the national currency, the Afghani. "The bidders, including moneychangers and private banks, should deposit the necessary money in cash in the form of afghani in the central bank, Da Afghanistan B
The US trade deficit with Vietnam exceeded $110 billion in the first 11 months of 2024, latest US figures show, as exports from the Southeast Asian industrial hub grew amid a record fall of its currency against the dollar, reports Reuters. The latest reading, released on Tuesday by the US stat
Ghana’s parliament has passed a provisional budget that allows the government to spend 68.1 billion Ghanaian cedis ($4.65 billion) through March, the chamber’s speaker said, narrowly averting an unprecedented government shutdown. Parliamentary Speaker Alban Bagbin said the parliament h
Global food prices fell by 2.1 per cent in 2024 compared to the average for the previous year, mainly due to declines in cereal and sugar prices, according to the latest report released Friday by the United Nations Food and Agriculture Organization (FAO) The FAO Food Price Index for the whole year
The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday. The index, compiled by the UN Food and Agriculture Organization (FAO) to track the most
Nigeria will establish a national credit guarantee company in May to lend to businesses and individuals, President Bola Tinubu said in an speech on Wednesday. Tinubu, who took office in May 2023, campaigned on economic reforms including expanding credit access to boost economic growth. “To
The year 2024 has been recorded as the year with the highest number of Sri Lankans migrating abroad for employment in the nation's history, local media reported, quoting statistics from the Sri Lanka Bureau of Foreign Employment (SLBFE), reports AP.Data shows that a total of 312,836 Sri Lankans lef
India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters. The move could benefit tens of millions of taxpayers,
The US dollar headed towards an almost 7 per cent annual gain on Friday and Japan's yen for a fourth consecutive year of losses as traders anticipated robust US growth would make the Federal Reserve cautious on rate-cutting well into 2025. The dollar index, which measures the currency against majo
The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in US bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency. The rupee declined to 85.2075 against the US d
