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UPDATE 3-Tanzania turns to IMF loan, boosts government spending by 4%

Tanzania has asked the International Monetary Fund for a $571 million loan to help it tackle the challenges caused by the COVID-19 pandemic, its finance minister said on Thursday as he raised spending in the budget for the next financial year. ....

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Treasury's insatiable appetite for loans crowds out private sector

Banks have once again turned government securities into a lucrative hunting ground. ....

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World Bank gives Indonesia $400 mln loan for financial reform

The World Bank has approved a $400 million loan for Indonesia to help the Southeast Asian country deepen its financial market, the Washington-based lender said on Friday. ....

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Volkswagen, Ford to exit auto finance business in India - sources

The auto financing arms of Volkswagen AG and Ford Motor Co plan to stop giving new credit to car buyers and dealers in India and will exit from the country, sources aware of the development told Reuters. ....

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Owners put 600 schools up for sale over Covid-19

Mr Muzinge appealed to government to intervene and save schools from being auctioned by the banks ....

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