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Author: KMFSLLP

02 Apr Rwanda secures $109 million IMF loan to tackle coronavirus

Posted at 06:18h in News by KMFSLLP 0 Comments

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Rwanda has secured a $109.4 million in emergency coronavirus funding from the International Monetary Fund, the first African country to do so, the fund said late on Thursday.

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02 Apr Indonesian firms face $4 bln debt wall as rupiah slides

Posted at 06:11h in News by KMFSLLP 0 Comments

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A plunge in the rupiah could leave Indonesian firms exposed to $4 billion in debt next year, after credit ratings agencies hit some companies this week with another round of credit downgrades as the coronavirus pandemic chokes economic activity.

02 Apr UPDATE 2-China says has ample policy tools to cope with coronavirus impact

Posted at 06:07h in News by KMFSLLP 0 Comments

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China has ample policy tools to support the virus-hit economy, but it will tread warily in cutting the benchmark deposit rate due to elevated inflation and the potential impact on ordinary savers, Liu Guoqiang, a vice central bank governor, said on Friday.

02 Apr Germany: ESM aid should be disbursed without lengthy visits from officials

Posted at 06:06h in News by KMFSLLP 0 Comments

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Euro zone states that need aid from the bloc's bailout fund to tackle the coronavirus should get it quickly and be first subjected to visits from officials proposing policies like during the euro zone crisis, Germany's finance minister said.

02 Apr Russian services sector shrinks at fastest pace in 11 years in March -PMI

Posted at 06:00h in News by KMFSLLP 0 Comments

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Russia's services sector shrank at the fastest rate in 11 years in March as the coronavirus outbreak hammered new business at home and abroad, a business survey showed on Friday.

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02 Apr UPDATE 1-China-backed AIIB proposes $5 bln funding line for coronavirus crisis

Posted at 05:19h in News by KMFSLLP 0 Comments

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Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it was proposing to its board to form a $5 billion financing facility to help public and private sector entities navigate the coronavirus pandemic.

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02 Apr Saudi Arabia advances curfew in three areas over coronavirus fears

Posted at 05:04h in News by KMFSLLP 0 Comments

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Saudi Arabia has advanced to 3 p.m. (1200 GMT) its curfew in three areas, starting from Friday until further notice, state news agency SPA said, citing a senior official of the interior ministry.