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Tag: CENTRAL BANK

Business / economics

Rising Unemployment and Economic Challenges in Argentina

March 21, 2025March 21, 2025 - by Aisha Khoury - Leave a Comment

Argentina’s unemployment rose to 6.4% in Q4 2024, an increase from the previous year. The hotel sector saw a decline in foreign tourists, while local tourism increased. Economic challenges persist …

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Business / Companies / economics

Bank of Ghana Clarifies MTN MoMo Licensing Status for Cross-Border Transactions

March 20, 2025March 20, 2025 - by Ravi Patel - Leave a Comment

The Bank of Ghana has declared that MTN Ghana is not licensed for cross-border transactions with MTN Nigeria. It introduced BrijX, a pilot currency swap platform to enhance digital payments. …

Bank of Ghana Clarifies MTN MoMo Licensing Status for Cross-Border Transactions Read More
Business / economics / Politics

Argentina’s Lower House Approves Milei’s IMF Emergency Decree

March 20, 2025March 20, 2025 - by Maya Chowdhury - Leave a Comment

Argentina’s Lower House approved President Milei’s emergency decree to boost IMF borrowing, aiming to strengthen Central Bank reserves and manage public debt. The vote included broad political support despite opposition …

Argentina’s Lower House Approves Milei’s IMF Emergency Decree Read More
Business / economics

Rwanda’s Economy Registers 8.9% Growth in 2024, Driven by Key Sectors

March 20, 2025March 20, 2025 - by Aisha Khoury - Leave a Comment

Rwanda’s economy grew by 8.9% in 2024, with notable contributions from services, agriculture, and industry. The GDP reached Rwf18.785 billion, showing robust quarterly growth. Agriculture’s recovery has stabilized inflation, while …

Rwanda’s Economy Registers 8.9% Growth in 2024, Driven by Key Sectors Read More
Business / Companies / economics

Argentina’s Economic Growth Continues as New IMF Agreement Approaches

March 20, 2025March 20, 2025 - by Maya Chowdhury - Leave a Comment

Argentina’s economy expanded for a second consecutive quarter under President Javier Milei, with GDP growth of 1.4% in Q4 2024 and 2.1% year-on-year. A new IMF agreement is expected, aimed …

Argentina’s Economic Growth Continues as New IMF Agreement Approaches Read More
Business / economics

Congress Approves Milei’s Decree Supporting New IMF Deal for Argentina

March 20, 2025March 20, 2025 - by Liam O'Sullivan - Leave a Comment

Argentina’s Congress approved President Javier Milei’s decree for a new IMF deal, allowing further negotiations on essential economic measures. Lawmakers voted 129-108 in favor, emphasizing the urgency of addressing Argentina’s …

Congress Approves Milei’s Decree Supporting New IMF Deal for Argentina Read More
Business / economics / Politics

Argentina’s Congress Approves New IMF Loan Agreement Amid Protests

March 20, 2025March 20, 2025 - by Maya Chowdhury - Leave a Comment

Argentina’s lower house of Congress approved President Milei’s request for a new loan agreement with the IMF to strengthen the Central Bank’s reserves and manage debt payments. This follows a …

Argentina’s Congress Approves New IMF Loan Agreement Amid Protests Read More
Business / Companies / economics

Brazil’s Central Bank Increases Interest Rates Again Amid Economic Slowdown

March 20, 2025March 20, 2025 - by Aisha Khoury - Leave a Comment

Brazil’s central bank raised interest rates by 100 basis points, raising the Selic rate to 14.25%. Economists expect a slower pace in future hikes. Inflation forecasts have been slightly adjusted, …

Brazil’s Central Bank Increases Interest Rates Again Amid Economic Slowdown Read More
Business / economics

Brazil’s Central Bank Raises Interest Rates to 14.25%

March 20, 2025March 20, 2025 - by Maya Chowdhury - Leave a Comment

Brazil’s Central Bank raised interest rates to 14.25%, the highest since 2016, as part of its strategy to control inflation and stabilize the economy. The Central Bank of Brazil has …

Brazil’s Central Bank Raises Interest Rates to 14.25% Read More
Business / Companies / economics

Ghanaian Cedi Shows Stability Against the US Dollar, Finance Minister Reports

March 19, 2025March 19, 2025 - by Liam O'Sullivan - Leave a Comment

Finance Minister Dr. Cassiel Ato Forson stated that the Ghanaian Cedi has been stable against the US dollar since February 19, 2025. As of March 14, 2025, the Cedi depreciated …

Ghanaian Cedi Shows Stability Against the US Dollar, Finance Minister Reports Read More

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