Economic challenges: Ateeq underlines broad-based reforms - Pakistan
KARACHI: Our Economic Frame Work faces serious challenges which need to be redressed by broad based reforms. There...
Source: brecorder.com
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Egypt's currency expected to be devalued after presidential elections
Former Assistant Finance Minister Sherine al-Shawarby on Tuesday announced that a new devaluation for the Egyptian pound is expected after the upcoming presidential elections, which will lead to an exacerbation of debts.
Source: egyptindependent.com
Shriram Housing Finance raises $50 million in its maiden external commercial borrowing
The mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank's London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said. The fund was raised for three years. The overall cost with one-year hedging cost has come around 8.4%, the official said. This is in line with the company's average borrowing cost of 8.5%. One basis point is 0.01 percentage point.
Source: indiatimes.com
Fiscal consolidation:  Can government really walk the talk?
Fiscal consolidation refers to the process of reducing government budget deficits and stabilizing or reducing public debt levels.
Source: monitor.co.ug
David Ndii: Govt is in financial abyss, struggling to pay salaries
Economist Ndii says multiple loans are maturing in their billions, yet revenue is not growing in tandem.
Source: nation.africa