Treasury’s insatiable appetite for loans crowds out the private sector

Central Bank of Kenya building on Haile Selasie Road, Nairobi. [Wilberforce Okwiri, Standard] One of the first miracles former President Mwai Kibaki performed when he came to power in 2003 was to turn well-prepared bankers into hawkers. They have been seen pitching tents along the dusty streets of Nairobi, peddling …

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French President Macron says US is ‘definitely’ back, welcomes Biden to ‘the club’

The heat between President Joe Biden and French President Emmanuel Macron continued to be fully visible on the second day of the G-7 summit in Cornwall, England on Saturday – leaders sat down for a bilateral meeting in the lead – tête-à-tête on the beach and Macron agreeing that America …

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Egypt attentive to the achievement of regional economic integration in Africa: Minister of Trade

Egyptian Trade and Industry Minister Nevine Gamea said Egypt attaches great importance to achieving regional economic integration in Africa. Gamea stressed the importance of: activating joint continental work to achieve industrial and agricultural integration; strengthen intra-community trade; support small and medium-sized enterprises (SMEs); and create more employment opportunities. These contribute …

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Sri Lankan unions keep dead silence on criminalization of industrial action

Two weeks ago, on May 27, Sri Lankan President Gotabhaya Rajapakse used the Essential Public Services Act (EPSA) to ban industrial action in the port, oil, gas, rail and bus transport sectors, as well as in government administrative offices at the district level, state banks, insurance companies and customs-related services. …

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Marginal increase in Bangladesh government liabilities likely in 2021-2022

FE REPORT | Posted: June 12, 2021, 8:27:09 a.m. | Update: June 12, 2021, 9:00 a.m. The government’s liabilities in the next fiscal year (fiscal year), 2021-2022, are expected to increase slightly as its domestic liabilities, which generally become higher than foreign loans, are expected to shrink to some extent. …

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Plan for the future in New Clark City – Manila Newsletter

Describe the urban development of Metro Manila in one word and there are plenty of possibilities that spring to mind – dense, crowded, congested, to name a few. Today, 100 kilometers north of the metro, developers, businesses and ordinary Filipinos have the opportunity to shape New Clark City into an …

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Cold war or precarious peace: is the definition of US-Chinese competition important? | China

In July 1971, the American national security adviser Henry Kissinger embarked on a secret mission in China, then America’s sworn enemy. This 48-hour ice-breaker journey paved the way for Richard Nixon’s historic handshake with Chairman Mao a year later. Nixon’s visit changed the strategic geometry of the Cold War and …

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G7 finds new goal as G20 takes a step back

From June 11-13, G7 leaders meet in Cornwall, UK. The rally highlights the renewed vigor and influence of the G7, with a British Presidency engaged in action, the first public international outing of multilateralist President Joe Biden and growing concerns from the United States and Europe over the Chinese and …

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3 best Invesco mutual funds that deserve your attention

With over $ 1.51 trillion in assets under management (as of May 31, 2021), Invesco Ltd. offers financial solutions through a diversified set of investment vehicles in the main categories of equities, fixed income securities and alternative assets. This leading global investment management firm deals with a wide range of …

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