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Wednesday, 8th April 2020
12:33:43pm

Economy

Articles related to economy

IFC to invest $3.5bn in Africa this year

The World Bank’s private-sector lending arm said on Wednesday it plans to invest up to $3.5 billion in Sub-Saharan Africa this year, mainly in the infrastructure
sector.
Many nations in the region are racing to invest in their roads, rail and energy systems to raise their competitiveness, following decades of under investment
in the sectors.
Jean-Philippe…

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S&P warns Japan on debt, affirms rating

Standard & Poor's warned on Monday it could lower Japan's sovereign rating if the economy expands less than expected or if public debt continues to grow, as the country's unpopular government struggles to win support for higher taxes.
The rating agency affirmed its AA- rating on Japan with a negative outlook, but also warned that higher taxes…

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World Bank cuts global economic forecasts

World Bank cuts global economic forecasts The World Bank slashed its global economic growth forecasts on Tuesday and warned that rich nations' debt problems may yet reap a crisis that would eclipse the tumult of 2008. Citing weakness across the globe, the Washington-based lender projected global growth of 2.5% in 2012 and 3.1% in 2013 - sharply …

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Greece, creditors strive to avoid default

Greece, creditors strive to avoid default Greece goes head to head with its creditors on Wednesday in a renewed attempt to break a deadlock in negotiations to slash the country's debt and stave off default. International private sector creditors represented by the Institute of International Finance (IIF) were set to meet the government in the …

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Fitch could downgrade Italy - director

Fitch could downgrade Italy - director A two-notch downgrade of Italy is an option, a senior director of Fitch ratings said on Wednesday. "A downgrade by two notches is one of the possible options," said Alessandro Settepani, senior director for business and relationship management at Fitch in Italy. "The committee will assess the rating of Italy …

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