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Elderly care India: NITI Aayog calls for financial and legal reforms for elderly care in India

The move is aimed at ensuring that a basic support system is put in place to cater to the needs of Indias ageing population which is expected to go up from 10% now to 19.5% by 2050. It is of the view that while catering to the needs of the elderly population of this size is challenging, it also presents an opportunity for the growth of the senior care industry, which is presently estimated at Rs 57,881 crore
Jan Aarogya Yojana National Action Plan For Senior Citizens Health Ministry Aarogya Yojana Maintenance Act Senior Citizens

China's new economic tsar faces challenges emulating his predecessor

China's new "economic tsar" He Lifeng is emerging as one of President Xi Jinping's most powerful lieutenants, but some sources say he is yet to gain the standing of his predecessor in financial markets and the diplomat community. He, 68, replaced internationally respected Liu He as one of China's four vice premiers during its annual parliament session in March. The full scope of his portfolio had been largely unclear until Sunday when state media referred to him as the d...
United States Joe Cash Li Keqiang Kevin Yao Laurie Chen Marius Zaharia
Source: aol.com

IMF MD Kristalina Georgieva Commends Sri Lanka's Economic Progress in Meeting with President Wickremesinghe at UNGA - Adaderana Biz English

  Discussions Focus on Financial Reforms and Debt Restructuring. In a crucial meeting held during the United Nations General Assembly (UNGA) in New York, Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, met with President, Ranil Wickremesinghe, to discuss vital economic matters. During the meeting, Ms. Georgieva and President Wickremesinghe delved into...
Sri Lanka New York United States Sri Lankan Kristalina Georgieva Ali Sabry

IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began

Four years after Lebanon’s historic meltdown began, the small nation is still facing “enormous economic challenges,” with a collapsed banking sector, eroding public services, deteriorating infrastructure and worsening poverty, the International Monetary Fund warned Friday. In a statement issued at the end of a four-day visit by an IMF delegation to the crisis-hit country, the international agency welcomed recent policy decisions by Lebanon's central bank to stop lendin...
Wassim Mansouri International Monetary Fund Economic Challenges International Monetary Fund Mf Statement Imf Delegation
Source: yahoo.com

Japan loans Jordan $100 million for electricity reforms

Japan extended a $100 million loan to help Jordan's electricity sector reforms as part of Tokyo's support for the kingdom's IMF-guided reforms, officials said on Sunday. "Japan will continue our support for Jordan in its economic and financial reforms and further modernization," Foreign Minister Yoshimasa Hayashi said in joint remarks with his Jordanian counterpart Ayman al Safadi at the start of a visit to Jordan. Japan is one of Jordan's main donors, contributin...
Saudi Arabia Red Sea Djibouti General Yoshimasa Hayashi Ayman Al Safadi Ros Russell
Source: yahoo.com

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Lebanon's interim central bank chief vows not to lend money to government, calls for economic reform

Lebanon’s interim central bank governor called on the country’s ruling class Friday to quickly implement economic and financial reforms warning that the central bank won't offer loans to the state and does not plan on printing money to cover the huge budget deficit to avoid worsening inflation. Wassim Mansouri’s comments came nearly a month after he took over the leadership at the central bank after the term of his predecessor, Riad Salameh, ended on July 31. Lebanon ...
Alvarez Marsal Wassim Mansouri Riad Salameh World Bank New York Based Riad Salameh
Source: yahoo.com

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