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Multilateral banks need major changes to boost lending - G20 panel

Multilateral development banks (MDBs) must undergo big changes in the way they operate to eliminate poverty, triple sustainable lending levels by 2030 and create a new funding mechanism to further its agenda, a G20 panel said in a report on Tuesday.

Morning Bid: Retail, housing and banks test jaunty July

Johnson & Johnson sues researchers who linked talc to cancer

Johnson & Johnson has sued four doctors who published studies citing links between talc-based personal care products and cancer, escalating an attack on scientific studies that the company alleges are inaccurate.

China s response not encouraging on G20 common framework for debt, source says

China has not given an encouraging response so far on reaching a common understanding with the G20 bloc on the issue of restructuring the debt of vulnerable countries, a source aware of the matter said on Sunday.

Zambia s economic growth to slow in 2023 but debt restructure on track– budget plan

The Zambian economy is expected to grow by just 2.7% in 2023 from 4.7% in 2022, as contractions in mining and energy drag on growth, a budget plan released by the ministry of finance showed on Sunday.

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