The minister said the multilateral lender should increase its general capital, which was last done in 2009, to expand its lending capacity, commensurate with the sustainable absorptive capacities of its members.
Bridging Finance CEO acknowledges mistakes, but stunned by receivership
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Local govt bond issues to rise this year By CHEN JIA | China Daily | Updated: 2021-05-06 08:58 Share CLOSE Workers are busy at the construction site of a smart factory in the economic and technological development zone in Yinchuan, Northwest China s Ningxia Hui autonomous region, on May 1, 2021. [Photo/Xinhua]
Local government bond issuances are expected to hit a record this year as the government continues steps to stabilize infrastructure construction and spur economic growth, despite economic activity almost rebounding to the levels before the COVID-19 pandemic, experts said.
According to estimates from the National Debt Association of China and China Chengxin International Credit Rating, new local government bond issuances in the country are set to reach 4.62 trillion yuan ($714 billion) by the end of this year, with local government special-purpose bonds accounting for a substantial portion of the total. The expe
Dairy debt less of a concern to Reserve Bank as loans repaid with cream payouts
5 May, 2021 12:30 AM
4 minutes to read
Worrying national dairy sector debt level coming down. Photo / File Reserve Bank concerns about dairy farming debt appear to have eased as milk prices remain robust and farmers pay down debt, but an industry stress test paints a grim picture if prices slide for an extended time.
The Reserve Bank s latest financial stability report said while dairying s share of agriculture sector lending by banks remains considerable , it had declined from 69 per cent to 63 per cent in recent years.
With banks encouraging farmers to use current strong milk prices and low interest rates to pay down existing debt, and a falling number of farmers identified by banks as financially stressed, the dairy sector was building resilience, said the report.
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Mumbai, May 5 (IANS) India s Reserve Bank has initiated several liquidity boosting measures to combat economic turbulence unleashed by the resurgence of Covid-19.
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Update: 05-May-2021
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