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IsDB and ICD Sign Agency Agreement to Implement R2 COVID Support Line of Finance 14/02/2021 Share Jeddah, Kingdom of Saudi Arabia, 14 February 2021 – President of Islamic Development Bank (IsDB) Dr. Bandar Hajjar, and CEO of the Islamic Corporation for the Development of the Private Sector (ICD), Mr. Ayman Sejiny, have put their signatures to an Agency Agreement for the implementation of IsDB Group’s R2 COVID Support Package, which will assist IsDB Group Member Countries to restore their economies and recover from the negative impacts resulting from the ongoing COVID-19 pandemic. The Agency Agreement is a manifestation of the IsDB President’s vision to improve intra-group collaboration and create room for cooperation with other multilateral development banks (MDBs) and international finance institutions (IFIs). It is also in line with ICD’s new strategic direction which gives utmost importance to synergy and partnership with other IsDB G ....
The outbreak in 2020 disrupted both supply and demand sides of an interconnected world economy. Asia and the Pacific was not immune as lockdowns and travel and trade restrictions affected nearly all aspects of cross-border economic activity. The Asian Economic Integration Report 2021 looks at how regional economies individually or collectively respond to the crisis by, for example, leveraging rapid technological progress and digitalization as well as increasing services trade to reconnect and recover. The theme chapter focuses on digital platforms and how they can accelerate digital transformation across the region. Contents Trade and Global Value Chains: The Challenging Trade Environment and Changing Global Value Chain Landscape ....
Published February 2, 2021, 5:00 AM Trade and Industry Secretary Ramon Lopez said the latest manufacturing index bodes well for the economy as he cited efforts in the cold chain and copper industries development as crucial pillars that will strengthen the country’s supply value chain. The Philippine Manufacturing Purchasing Managers’ Index (PMI) increased to 52.5 in January from 49.2 the previous month, above the 50.0 neutral mark separating expansion from contraction. January PMI data is the highest in 25 months, even prior to the pandemic, signaling improving manufacturing conditions and indicating the start of recovery of the sector. Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO) ....