Israel's central bank said Monday that it is prepared to sell as much as $30 billion of its foreign currency reserves to shore up the shekel which has plummeted in value since the outbreak of war with Hamas.
Bolivia's "economic miracle," a boom in the 2000s and 2010s that saw years of state spending lift millions of people into the middle class, is creaking, a warning sign to the wider region battling high inflation, shrinking government coffers and tepid growth. For years the Andean country enjoyed one of South America's fastest economic growth rates as a boom in demand for natural resources - mainly gas - helped the former leftist government of President Evo Morales fund social programs and cut poverty. But over the last decade gas production has tumbled by around a third, dragging down foreign currency reserves from over $15 billion in 2014 to $3.5 billion in February, when the central bank abruptly stopped publishing reserves data.
Bangladesh remains one of the fastest growing economies in the Asia-Pacific region but persistent inflationary pressures, elevated volatility of global financial conditions, and slowdown in major advanced trading partners continue to weigh on growth, foreign currency reserves, and its currency taka, the International Monetary Fund (IMF) today.