Latest Reserve assets News

IMF, Bangladesh reach preliminary deal for $4.5B in loans

Nov. 09, 2022 07:00 AM EST

DHAKA,Bangladesh (AP) — The International Monetary Fund reached a preliminary agreement on Wednesday with Bangladesh to provide $4.5 billion to help the country weather disruptions caused by the war in Ukraine and manage risks from climate change. The agreement is subject to...

Taliban say Afghanistan secure enough for big projects

Oct. 12, 2022 12:45 PM EDT

ISLAMABAD (AP) — The Taliban said Wednesday there is enough security across Afghanistan to restart major economic projects that stopped due to decades of war, despite a slew of attacks rocking the country since the group seized power more than a year ago. The Taliban have...

Poverty and inflation: Egypt's economy hit by global turmoil

Sep. 25, 2022 03:29 AM EDT

DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a waiting list to buy a new car. Egypt, a country of more than 103 million people, is running low on foreign...

Inflation, unrest challenge Bangladesh's 'miracle economy'

Sep. 23, 2022 01:55 AM EDT

DHAKA, Bangladesh (AP) — Standing in line to try to buy food, Rekha Begum is distraught. Like many others in Bangladesh, she is struggling to find affordable daily essentials like rice, lentils and onions. “I went to two other places, but they told me they don’t have supplies....

IMF criticizes Lebanese government over slow reforms

Sep. 21, 2022 13:08 PM EDT

BEIRUT (AP) — The International Monetary Fund on Wednesday said the Lebanese government's slowness to implement desperately-needed reforms was exacerbating the country's economic meltdown, even as officials met to discuss an urgent and long-delayed bailout. The IMF statement...

Lebanon: Central Bank lifts all expensive fuel subsidies

Sep. 12, 2022 21:38 PM EDT

BEIRUT (AP) — Lebanon's central bank lifted its remaining subsidies on fuel on Monday, gas station owners said, ending a year-long process of scaling back on the expensive program. The Central Bank over a year ago announced it would gradually lift fuel subsidies, to slow down the...