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The government has said the central bank will continue formulating effective fiscal policies to help in building robust economy amidst the current global economic shocks. This was said by the Finance and Planning Minister, Dr Mwigulu Nchemba recently when officiating at the 8th Gilman Rutihinda’ ...
Sri Lanka's debt could be reduced to 101 percent of gross domestic product by extending the maturity of domestic debt by 10 years, Verete Research, a think has said.
International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging markets have experienced substantial financial market pressures, it said. The World Bank said growth among advanced economies is forecast to drop to two per cent this year. Slowing external demand, rising borrowing costs, and persistent policy uncertainties are expected to weigh on the outlook for emerging market and developing economies.
Carnegie Endowment for International Peace Source: Getty Summary: Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts. Related Media and Tools If you enjoyed reading this, subscribe for more! Thank you! Summary For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is go...