IMF And World Bank Meetings End With Little Agreement (NYT) To be sure, the additional $430 billion in lending capacity contributed by developed economies like Japan, Britain, Saudi Arabia and South Korea was seen as a major achievement. The contributions came after I.M.F. economists determined that countries around the world might require up to $1 trillion in new loans because of the combined effects of the sovereign debt crisis in Europe and sluggish global economic growth.
China’s central bank made the announcement on its website, saying that the one-year bank lending rate would drop 0.25 percentage point to 5.35 percent. Read Post
The International Monetary Fund (IMF) and the African Development Bank (AfDB) have signed an agreement for a contribution of US$7.5 million by the AfDB to support IMF capacity building in Africa through the third phase of the Africa... Read Post
YOKOHAMA, Japan (Reuters) - Nissan Motor Co will be able to meet its goal of taking 10 percent of the U.S. market in two years without any major new investments and by making use of capacity available at factories in Japan and South... Read Post