The World Bank has approved a $400 million loan for Indonesia to help the Southeast Asian country deepen its financial market, the Washington-based lender said on Friday.
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.
The auto financing arms of Volkswagen AG and Ford Motor Co plan to stop giving new credit to car buyers and dealers in India and will exit from the country, sources aware of the development told Reuters.
Russia's central bank increased its key interest rate to 5.5% on Friday, increasing the cost of lending for the third time this year due to rising inflation and said more hikes would be needed.
The Italian economy will grow by close to 5% this year, the Bank of Italy said on Friday, raising a previous forecast due to the improving coronavirus situation and an upward revision to first quarter gross domestic product data.