It is too soon to talk about tapering the Federal Reserve's asset purchases and policymakers will send clear signals to the market when the time comes, Boston Federal Reserve Bank President Eric Rosengren said on Wednesday.
Inflation will be temporarily distorted this spring as the U.S. economy works through imbalances caused by the pandemic but the pressures should be short-lived and should not lead to a pullback in monetary policy, Boston Federal Reserve Bank President Eric Rosengren said.
Political turmoil in Chad has cast doubt over the Central African oil producer's efforts to agree relief on its nearly $3 billion debt burden, widely seen as a test case for a global plan to help the world's most indebted countries.
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JOHANNESBURG (Reuters) - Political turmoil in Chad has cast doubt over the Central African oil producer’s efforts to agree relief on its nearly $3 billion debt burden, widely seen as a test case for a global plan to help the world’s most indebted countries. Members of the security forces patrol Chad s capital N Djamena following the battlefield death of President Idriss Deby in N Djamena, Chad April 26, 2021. REUTERS/Zohra Bensemra/File Photo
Six months ago, the Group of 20 (G20) major economies launched a common framework designed to help governments to overhaul the debt they owe to official and commercial creditors after the COVID-19 crisis sent the burdens of many developing countries spiralling.
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SYDNEY, May 4 (Reuters) - Australia’s Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said.
The world’s largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement.
The loan also contains metrics focused on mental health first aid, diversity and inclusion, they said.
The interest rate and potential discounts on it were not disclosed.