The President has backed the cryptocurrency s use in boosting the economy. El Salvador s economy relies on remittances and those who are working abroad can send money back home in bitcoins.
Having high unemployment, poverty and inflation, the Pakistan economy is under stress and the government plans to take nearly $16 billion gross foreign loans in the next fiscal year to meet the requirements of maturing external public debt and cover up the budget deficit.
President Joe Biden's meeting with leaders of the G7 leading industrial economies in an English seaside village this week will usher in a new focus on rallying U.S. allies against common adversaries - the COVID-19 pandemic, Russia and China.