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World Bank Says It Is Preparing $1.5 Billion Aid for Ukraine

April 12, 2022 by Fourth Estate Wire

The World Bank is preparing $1.5 billion for its next financial assistance package to war-torn Ukraine, World Bank President David Malpass said on Tuesday. Speaking in Warsaw after talks with …

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US to Impose New Sanctions on Putin’s daughters and Russian Banks

April 6, 2022 by Fourth Estate Wire

The United States (US) government has announced new sanctions that targets Russian President Vladimir Putin’s daughters and two of the country’s largest banks.  A fact sheet released by the White …

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Russia and Belarus Cut Off From European Bank for Reconstruction and Development Resources

April 4, 2022 by Fourth Estate Wire

The European Bank for Reconstruction and Development (EBRD) has prevented Russia and Belarus from accessing the bank’s resources. According to EBRD’s governors, they have approved the application of Article 8.3 …

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World Bank Freezes $600m Afghan Fund over Taliban Ban On Girls Education

March 30, 2022 by Fourth Estate Wire

The World Bank has announced suspension of four projects in Afghanistan worth 600 million after the de-facto Taliban regime in Afghanistan decided to ban girls from public high schools. The …

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HSBC Allegedly Scrubbed References to Russian Invasion in Reports

March 28, 2022 by Fourth Estate Wire

UK bank HSBC allegedly edited out portions of its’ analyst’s research publications that excluded references to a “war” in Ukraine.  According to a report by The Financial Times (FT) quoting …

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Russian Stock Market Reopens

March 24, 2022 by Fourth Estate Wire

The Russian stock market has partially reopened and allowed the trading of 33 securities. The Bank of Russia announced that it would reopen the stock market on March 24, 2020, …

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Philippine Central Bank Holds Policy Rate, But Warns 2022 Inflation to Breach Target

March 24, 2022 by Fourth Estate Wire

The Philippine central bank held its key interest rate on Thursday in a bid to continue supporting economic recovery from the COVID-19 pandemic, but not without flagging high inflation risks. …

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Thailand Relaxes Tax Rules for Digital Assets

March 9, 2022 by Fourth Estate Wire

Thailand’s cabinet on Tuesday eased tax regulations for investments in digital assets to help develop the second-largest growing economy in Southeast Asia.  According to an official press release, tax relief …

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Coinbase Blocks Russian Crypto Wallets

March 8, 2022 by Fourth Estate Wire

Coinbase announced it has blocked more than 25,000 addresses in Russia that were reportedly linked to illegal activities.  “Over the past few weeks, governments around the world have imposed a …

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Iraqi Central Bank Stops Financial Tranactions with Russia Amid Sanctions

March 4, 2022 by Fourth Estate Wire

The Iraqi Central Bank has asked the government to seize all business and financial dealings with Russia following unprecedented sanctions by European Union and US that could harm Moscow’s economy …

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