Sri Lanka on Thursday announced plans to lift six-decade-old restrictions on foreign exchange flows and allow free transfer of money in and out of the island, to encourage investment in the struggling economy.
The IMF on Saturday released the first tranche of a $1.5bn bailout for Sri Lanka, which is reeling after a government spending spree and facing a balance of payments crisis.
G7 leaders began their annual summit Thursday with discussions on how best to reboot global economic growth, while the European Union appealed for support in tackling migration and the continent's refugee crisis.
International concerns are mounting over the economic and political crisis in Venezuela, where the military on Saturday was holding a second day of exercises ordered by embattled President Nicolas Maduro.
Crisis-hit Iraq reached a deal with the International Monetary Fund Thursday for a $5.4 billion loan that could give donors enough confidence to unlock further financing, a statement said.
Qatar’s budget balance will “turn positive” as early as 2017, says a senior BMI researcher, who asserts that the country will face “only one year” of budget deficit.
The US announced Tuesday it was easing economic sanctions on Myanmar after the country returned power to an elected civilian government after more than five decades under repressive military control.
Moody's Investors Service cut its debt ratings for Saudi Arabia, Oman and Bahrain on Saturday while assigning negative outlooks to three neighbouring states ...
Unions and employers in Germany's powerful metalworking industry agreed a 4.8-percent pay hike Friday in a deal that will set the tone for wage negotiations in most other key sectors of Europe's biggest economy.
India's consumer prices rose 5.4% in April from a year earlier, the statistics ministry said on Thursday, a sharper increase than economists had expected, driven up by higher food prices.
India has overhauled its archaic bankruptcy laws in a key reform that will make it vastly easier to wind down companies and help banks to recover bad loans.
Thai villagers on Wednesday celebrated a junta move to shutter a controversial gold mine, a rare blow to big business in a kingdom where environmental concerns are often secondary to profit-making.
