Sri Lanka's government bonds jumped to their highest level since September on Monday, on reports that the government had sealed a long-awaited $500 million loan deal with the China Development Bank.
Kenya's central bank has room to cut its benchmark interest rate, its governor said on Tuesday, adding that other interventions were also needed to help economic recovery in the face of a coronavirus-induced slump.
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WASHINGTON (Reuters) - Moves to bolster the IMF’s emergency reserves could provide the $44 billion needed to vaccinate 70% of the population in lower- and middle-income countries by the end of 2022, at no added cost to rich countries, a new Rockefeller Foundation report finds.
FILE PHOTO: A nurse prepares a dose of the of coronavirus disease (COVID-19) vaccine during the vaccination campaign at the Ridge Hospital in Accra, Ghana, March 2, 2021. REUTERS/Francis Kokoroko/File Photo
Finance officials from the Group of 20 major economies are expected to back a $650 billion new allocation of the International Monetary Fund’s Special Drawing Rights (SDR) this week to help countries cope with the pandemic and its economic fallout.
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MOSCOW (Reuters) - The Russian central bank will consider holding or raising interest rates at its April 23 board meeting as inflation is seen hovering above the 4% target throughout 2021, the bank’s head of monetary policy, Kirill Tremasov, said.
FILE PHOTO: Kirill Tremasov, head of monetary policy department at the Bank of Russia, poses for a picture in Moscow, Russia March 31, 2021. Picture taken March 31, 2021. REUTERS/Andrey Ostroukh/File Photo
After slashing the key rate to a record low of 4.25% in 2020 to help the economy through the crisis sparked by the COVID-19 pandemic and a crash in oil prices, the central bank raised it to 4.5% and said more hikes would follow.
By Reuters Staff
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FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas/File Photo
BERLIN (Reuters) - Germany expects world financial leaders this week to back a $650 billion new allocation of the International Monetary Fund’s Special Drawing Rights (SDR) to help countries cope with the pandemic and its economic fallout, officials said on Tuesday.
“That is a reasonable figure,” a senior German finance ministry official said ahead of the virtual spring meetings of the International Monetary Fund and World Bank.