Finance Minister Downplays Armenia’s Rising Debt
Փետրվար 04, 2021
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Finance Minister Atom Janjughazian on Thursday acknowledged that Armenia’s growing public debt is a cause for concern but insisted that the government can bring it to a “more manageable level.”
The debt rose by $647 million, to almost $8 billion, in the course of 2020 amid a steep recession primarily caused by the coronavirus pandemic. According to government projections, it will likely pass the $9 billion mark by the end of this year.
“It would be strange if the body tasked with public debt management was not concerned [about the rising debt,]” Janjughazian told reporters after a weekly cabinet meeting in Yerevan.
Technology and marketing key for alternative protein companies to survive in Asia in the long term
News Highlights: Technology and marketing key for alternative protein companies to survive in Asia in the long term
Product development has often been the primary focus alternative protein companies, especially in the plant sector, and previous discussions with experts also concluded that plant-based consumer growth in Asia is all about the product – but new insights in Jefferies’ equity research now say technology and good marketing are on the rise as more important factors for investors to consider.
“Here I am mainly concerned about the plant sector, where a large number of ‘me too’ B2C plant companies are emerging that focus on new products, but that do not differ from each other in terms of technology. even tasty or healthy – the ratings for many of these are really too high right now, ”said Brinc Senior Advisor of foodtech accelerator and author of the Jefferies r
IMF Executive Board Approves a US$20 47 Million Emergency Assistance for Guinea-Bissau to Address the COVID-19 Pandemic imf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imf.org Daily Mail and Mail on Sunday newspapers.
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IMF Executive Board Approves a US$20.47 Million Emergency Assistance for Guinea-Bissau to Address COVID-19 Pandemic
The IMF approved the disbursement of US$20.47 million under the Rapid Credit Facility (RCF) to help Guinea-Bissau meet urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic.
The IMF assistance will help support critical spending in health, social protection and investment to underpin the recovery as well as catalyze additional donor resources.
The authorities have responded quickly to a very severe shock, scaling up health-related spending, deploying containment and mitigation measures, along with a commitment to enhanced transparency.
Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved a disbursement under theRapid Credit Facility (RCF)equivalent to SDR 14.2 million (about US$20.47 million, or 50 percent of quota) to help Guinea-Bissau meet urgent balance of payments and fiscal needs ste
By Togba-Nah Tipoteh Having served as Chairman of the African Group of Governors of the World Bank (WB) and the International Monetary Fund (IMF), I am aware of the principal objective of these biggest global financial institutions. While the Marshall Plan focused on the rehabilitation of post World War Two Western Europe, these Bretton Woods Entities…