The World Bank appears to be extending its lending capacity to include things like climate change and other global crises. They've created what they're calling an "evolution roadmap" that they've sent to shareholder governments. The roadmap document includes things like a capital increase and new lending tools. It marks the ...
The changes include ordering all malls, markets, and restaurants to close by 8:30 PM local time as the country copes with a major economic crisis. They also plan to shut down wedding halls by 10 PM daily, and all government departments must reduce electricity consumption by 30 percent. Pakistan's foreign ...
In addition to its involvement with Sri Lanka, the international monetary fund has some predictions for the global economy in 2023. This is because the countries that typically drive growth the United States, Europe, and China are all experiencing weakening activity. These weak economies are being blamed on the war ...
Sri Lanka is having some trouble getting a bailout from the international monetary fund that the country desperately needs. The country is bankrupt. The 22 million people who live there are battling rampant food inflation and severe fuel and medicine shortages. And now there's more trouble involving a 2.9 Billion ...
The 95-year-old former German pope died on Saturday. Pope Benedict will be forever remembered as the first pontiff in 600 years to resign from his job- after having the position for eight years. The former cardinal Joseph Ratzinger had never wanted to be pope, planning at age 78 to spend ...
The country switched to the euro and entered Europe's passport-free zone – two important milestones since joining the European Union nearly a decade ago. They are now the 20th member of the Eurozone and the 27th nation in the Schengen zone, the world's largest passport-free travel area, which allows more ...
