Tanzania has asked the International Monetary Fund for a $571 million loan to help it tackle the challenges caused by the COVID-19 pandemic, its finance minister said on Thursday as he raised spending in the budget for the next financial year.
Pakistan set its economic growth target at 4.8% for financial year 2021-22, the country's finance minister said on Friday as he presented the annual budget.
Global shares hovered near a record high and the dollar also held steady on Thursday, eyeing U.S. inflation data for any sign the Federal Reserve could start tapering its massive stimulus.
The Australian and New Zealand dollars were sidelined on Friday as bonds enjoyed their best week in over a year after investors dismissed a high reading on U.S. inflation as fleeting and no threat to super-easy monetary policy.