The central bank has revised is inflation forecast for the fiscal year 2008/2009 to a more realistic level of between 11.5 and 14.5 per cent, up from the original forecast of between 7 and 9 per cent because of galloping food and e
Will BOP shocks force IMF support?
The Washington based, International Monetary Fund (IMF) and the World Bank- — the International Bank for Reconstruction and Development (IBRD), was created out of the 1944 Bretton Woods conference at which the United Kingdom (UK) was r
NCB cuts cost, makes more profits
The Michael Lee-Chin-led National Commercial Bank Group (NCB) Limited is reducing cost and, a as result, is generating more profits. The group’s report for the six-month period ended March 2008 revealed that its cost to income ra
NCB cuts cost, makes more profits
The Michael Lee-Chin-led National Commercial Bank Group (NCB) Limited is reducing cost and, a as result, is generating more profits. The group’s report for the six-month period ended March 2008 revealed that its cost to income ra
Brazil now net foreign creditor
Brazil, which was once the third world’s largest debtor nation, is now a net foreign creditor and as a result, Standard & Poors (S&P), the world’s leading credit ratings agency, has upgraded its long-term foreign curren
Brazil now net foreign creditor
Brazil, which was once the third world’s largest debtor nation, is now a net foreign creditor and as a result, Standard & Poors (S&P), the world’s leading credit ratings agency, has upgraded its long-term foreign curren
Gov’t food subsidy was poorly administered — IMF
Studies conducted by the International Monetary Fund (IMF) have indicated that the government’s $500 million subsidy failed to have the desired impact on galloping food prices because it was given to the producers and distributor
Gov’t food subsidy was poorly administered — IMF
Studies conducted by the International Monetary Fund (IMF) have indicated that the government’s $500 million subsidy failed to have the desired impact on galloping food prices because it was given to the producers and distributor
Remittance flows dip
There are indications that the government’s projections for a 10 per cent increase in remittance flows to US$2.2 billion this year could be wrong. This because of the slowing US economy, the increase in unemployment and discrimin
Remittance flows dip
There are indications that the government’s projections for a 10 per cent increase in remittance flows to US$2.2 billion this year could be wrong. This because of the slowing US economy, the increase in unemployment and discrimin