To foster the growth of local capital markets and combat greenhouse gas (GHG) emissions in Georgia, IFC is spearheading an investment through a commitment of $10 million in a five-year… read more →
India has permitted banks in 22 partner nations, including Russia and the UK, to establish “vostro” accounts within its borders, the government informed the parliament on Tuesday, aiming to bolster… read more →
German industrial production declined more sharply than anticipated in June, data released on Monday revealed, highlighting the difficulties encountered by manufacturing amidst a downturn in Europe’s largest economy. Production decreased… read more →
A worldwide shortfall in curbing carbon emissions could result in increased debt-servicing costs for 59 countries over the forthcoming decade, as per a study simulating the economic repercussions of climate… read more →
Yellow Corp, an American haulage firm with nearly a century of history, filed for Chapter 11 bankruptcy protection this Sunday. This action came as a result of considerable debt accrued… read more →
At the World Export Development Forum (WEDF), hosted in Ulaanbaatar, Mongolia, TFG’s Deepesh Patel spoke with Davaadalai Batsuuri, Economic Policy Advisor to the President of Mongolia, to learn more about Mongolia’s commitment to green trade and the country’s environmentally conscious strategies.
In July, British factory production shrank at its swiftest rate in a span of seven months, impacted by rising interest rates and a reduction in new orders. This occurred despite… read more →
India’s edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals, given uncertainty over supplies from the Black Sea,… read more →
The International Finance Corporation (IFC), the private sector wing of the World Bank, has entered into a contract with Switzerland’s government to initiate the next phase of the Sustainable Cities… read more →
Late Tuesday afternoon, Fitch downgraded the United States’ credit rating from AAA to AA+, to the surprise of many experts. This downgrading is the latest domino to fall in what has been a drama filled 2023 for the United States and its divided government.
The eurozone witnessed a return to growth during the second quarter of 2023, recording an expansion that surpassed expectations, having just about dodged a technical recession at the year’s commencement,… read more →
This week, during a visit to Nigeria, British Foreign Minister James Cleverly will unveil a new support package to enhance the climate resilience of Nigeria’s agriculture sector, his office announced… read more →
Saudi Arabia’s gross domestic product (GDP) grew by 1.1% in the second quarter, according to government estimates released on Monday, bolstered by a rise in non-oil activities, although overall growth… read more →
The Indian rupee depreciated on Monday and appeared set to register a monthly decline due to a central bank that seems reluctant to allow the currency to strengthen significantly. As… read more →
The Export-Import Bank of India is set to augment its investments within a line of credit program endorsed by the government, aimed at funding Indian businesses seeking to tap into… read more →