President Sirisena promises to rebalance foreign economic ties away from dependence on China to equal relations with China, India, Pakistan, and Japan.
New Sri Lankan president to shake up foreign economic ties
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Posts Tagged: Central bank
Economic implosion in Libya will hurt Tunisia too
Libya’s civil war is collapsing its economy and harming neighboring Tunisia as trade drops and refugees pour in.
Risks to global growth still very much alive
Read a list of risk highlights from the International Monetary Fund’s April 2014 World Economic Update.
China’s four winds of change
Xi Jinping. Photo Credit: Getty Images/Pool/Yohsuke Mizuno
The slowdown of China’s economy is a consequence of — more than a challenge to — the polices of the new leadership of Xi Jinping and Li Keqiang.
An imminent interest rate hike in Brazil
Benchmark Selic rate likely to be raised to 7.75%, from record-low 7.25%, at the central bank’s monetary policy meeting on April 17.
Egypt’s currency takes a pounding
Protestors in Cairo. AFP/Getty Images/Khaled Desouki
A first read on Egypt’s introduction foreign-currency auctions at the end of last week is that the government is trying to manage an orderly devaluation of the Egyptian pound through a two-tier exchange rate. The currency’s fall to a record low of 6.30 to the U.S. dollar on Sunday suggests a measure of success, though it is success only in the sense of achieving the…
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