Liberia has formally joined the West African Power Pool (WAPP) after the World Bank signed an agreement with the country s government to finance the Liberian section of the power network
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.