Rwanda's economy is expected to grow by 8% this year and in 2021 versus an estimated 8.5% in 2019, boosted by private investment and trade, the International Monetary Fund (IMF) said.
International Monetary Fund Managing Director Kristalina Georgieva said on Friday the lender has had "very constructive" exchanges with Argentina's new Peronist government and would do whatever possible to assist the indebted country.
The world's financial sector should take rapid steps to address record or near-record inequality levels within countries that new research shows could be a harbinger of a new financial crisis, the head of the International Monetary Fund said Friday.
Hundreds of mismanaged infrastructure projects have stalled in Kenya and it will cost around $10 billion to revive them, the IMF said in a report whose findings point to a growing power struggle at the heart of government.
Lebanon is on the brink of forming a new government, caretaker finance minister Ali Hassan Khalil said on Thursday, as pressure mounts to put forward an economic rescue plan to pull the country out of a deep financial crisis.
The International Monetary Fund's managing director and Argentina's economy minister are due to attend a Vatican conference next month, potentially paving the way for talks as the South American nation faces a massive debt restructuring.
(Bloomberg) -- Sign up hereto receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Kuwait unveiled budget proposals that forecast its biggest-ever deficit for the year starting April 1, outlining fiscal plans that include a drop of more than 6% in revenue while keeping spending
Lebanon's caretaker finance minister has asked the central bank governor to hold off on a proposed swap of 2020 Eurobonds after ratings agencies warned it could constitute a selective default, a source familiar with the matter said on Wednesday.
Business leaders and politicians from around the world are gearing up to attend another session of the World Economic Forum (WEF), in Davos, Switzerland next week.
Kuwait expects a budget deficit of 9.2 billion dinars ($30.33 billion) in the fiscal year starting on April 1 after it has deposited 10% of total revenue into the country's sovereign wealth fund, government figures released on Tuesday showed.
The state definition of household for DMV purposes includes, but is not limited to, a spouse, significant other, and family members.
New Economics Foundation calls for 50bn to reboot economy on greener footing
The populists who upended Italian politics are struggling with defections, plummeting poll numbers and the compromises of government. What comes next could be worse.
Atlantia has indicated to the Italian government it is prepared to discuss changes to the motorway contract held by its Autostrade per l'Italia unit to end a standoff over its tollway concession, two sources close to the matter said on Friday.
The government wants to bring us back to chaos
A senior member of the League has warned the government of potential "chaos" if it pursues plans to grant amnesty to 700,000 illegals.
The following factors could affect Italian markets on Friday.
The motorway unit of infrastructure group Atlantia pledged to increase by 40% its spending on road maintenance in the next four years, as it tried to break a standoff with the Italian government over the future of its lucrative concession.
Italy's Constitutional Court on Thursday rejected a request by the hard-right League party to hold a referendum to introduce a first-past-the-post electoral system, triggering the ire of League chief Matteo Salvini and relief in government ranks.
An Italian court on Thursday backed a decision last year by supervisors at the Bank of Italy prohibiting Dutch lender ING from taking on new customers in Italy over a money laundering case.
Italian Prime Minister Giuseppe Conte has granted two migrant transport NGOs permission to drop migrants off in Italian ports.
The following factors could affect Italian markets on Thursday.
Italy will print 7 billion euros ($7.8 billion) of a new 30-year BTP bond, taking advantage of market momentum for euro zone borrowers after getting record orders for the new issue.
Intrum, Europe's biggest debt recovery firm, is expected to complete its due diligence to potentially buy the bad loan arm of Italy's Cerved by mid February, two sources familiar with the matter said, as the sector gears up for consolidation.
President Volodymyr Zelenskiy of Ukraine is already juggling multiple international crises: a war with Russia-backed separatists, an unwanted starring role in the impeachment drama gripping Washington and tensions with Iran over the downing of Ukrainian jetliner.
Ukrainian President Volodymyr Zelenskiy on Friday allowed Prime Minister Oleksiy Honcharuk to keep his job after the leak of an embarrassing audio recording prompted Honcharuk to submit his resignation.
Lavrov, speaking at his annual news conference in Moscow, called the incident a human error and said he was not trying to excuse anyone for what happened.
Russian Foreign Minister Sergei Lavrov said on Friday that Iran's accidental shooting down of a Ukrainian airliner last week occurred at a time when Tehran was spooked by reports of advanced U.S. stealth fighters in the area.
Ukraine's prime minister submitted his resignation Friday, days after he was caught on tape saying President Volodymyr Zelenskiy - a former sitcom star with no previous political experience - knows nothing about the economy.
At closed-door meeting with Ukrainian ministers, Prime Minister Oleksiy Honcharuk said President Volodymyr Zelensky doesnt understand how the economy works.
“This has to be a first in American history,” Nick Burns, who rose to become the third-ranking official at the State Department before his retirement, wrote on Twitter. “A foreign
The best course of action is to lower expectations and to provide families with as much information as possible
The announcement came after lawmakers in the United States released a trove of documents that showed Lev Parnas, an associate of President Donald Trump's personal lawyer, communicating about the removal of Marie Yovanovitch as the ambassador to Ukraine.
The Interior Ministry is also investigating alleged hacking of Burisma Holdings, the natural gas company at the center of the Trump impeachment case.
From the shooting down of a Ukrainian plane to the impeachment of President Donald Trump, Ukrainians are tired of being caught up in events they can't control.
Debasing the truth weakens democracy.
The number of migrants entering Europe from Turkey rose significantly last year as people flee strife in Syria and Afghanistan.
More than 82,000 people attempted to enter Europe from the east Mediterranean in 2019, driven by instability in Syria and Afghanistan, according to the EU's border agency Frontex
The number of migrants entering Europe from Turkey rose significantly last year as people fleeing strife in Syria and Afghanistan flooded into the country and then set out for Greece, the head of the European Unions border agency said Friday. More than 82,000 migrants tried to enter Europe without
Resettling refugees to the U.S. is far more costly than moving them to a safe neighboring country.
The head of the European Union's border agency says the number of migrants entering Europe from Turkey jumped sharply last year
Here's what Emma Gonzlez, Nadia Murad, Mari Copeny and more young activists want their elders to know.
Those numbers are down from 2018, but overall, the number of people filing asylum claims in Canada has risen
The Where There is Light exhibition marks 20 years of Gloucestershire Action for Refugees and Asylum Seekers.
EU countries need to act urgently to support Greece with unmanageable levels of arrivals, UN warns
The legal whipsaw leaves them in a state of limbo.
"This is an important first step, but this fight is far from over."