World Bank Issues Warning on “Middle-Income” Trap for 108 Nations
The World Bank stated in its World Development Report that the lesson learned over the previous fifty years was that as nations became wealthier, they fell into a “trap” where…
Financial Market
The World Bank stated in its World Development Report that the lesson learned over the previous fifty years was that as nations became wealthier, they fell into a “trap” where…
The BCG analysis predicted that by the end of 2027, global wealth would have grown to $329 trillion at a compound annual growth rate of 5.3%. According to a new…
Unofficially, the Central Bank of Kenya wants the core inflation rate not to exceed three per cent. Despite a notable decline in Kenya‘s overall consumer prices in June, core inflation,…
The international money managers are freshly reminded of the lack of transparency that comes along with investing in Indonesia’s $735 billion stock market. Indonesia’s biggest company by market capitalization ($85…
The South African Reserve Bank most recently declared that it was investigating the viability of a CBDC that domestic consumers might utilise for regular retail needs. South Africa’s economy is…
The Bank of Japan shocked investors earlier this month by delaying a plan to cut back on bond purchases until July The yen’s decline has gotten so bad that Japanese…
The US government offered an extended aid of providing more vehicles and radios through various sources in order to cater to the issues raised The US State Department bypasses a…
The Attorney sued two cryptocurrency companies that are major players of the digital asset industry According to a lawsuit that was filed on Thursday, a crypto exchange generated fake returns…
Ghana is heavily indebted to the World Bank and has missed the recent repayments. Ghana’s Supreme Court will begin hearing a case on Wednesday that can possibly both compromise the…
The downfall of the Japanese yen is at the centre of attention again after its most recent tumble in value. On Monday, the currency sank to 160.17 against the US…