Indonesia Central Bank Sees 7%-9% Loan Growth in 2022

Fourth EstateBank of Indonesia

Indonesia is expected to see more business loans this year as result of improving economic activity, central governor Perry Warjiyo said on Friday. Warjiyo told an online briefing that Indonesia’s strong economic recovery from the pandemic — GDP grew 5.1% …

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IMF Vows Loan To Support Egypt’s Economy Amid Ukraine War

Fourth EstateHeadshot of Kristalina Georgieva, CEO of the World Bank - World Bank Group/ Grant Ellis

International Monetary Fund (IMF) Managing Director Kristalina Georgiev said Wednesday that the anticipated loan program for Egypt is to support the country’s social protection system amid rising food and energy prices in the wake of Russia’s war in Ukraine. During …

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Russian Default on Debts No Longer ‘Improbable’: IMF Head

The International Monetary Fund (IMF) sees that a Russian default on its debts has become more than likely, but would not trigger a global financial crisis, the international lender’s head said on Sunday. Impacts of the sanctions imposed by the …

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Asian Development Bank Approves $162m Loan to Modernize Railway in Uzbekistan

The Asian Development Bank (ADB) has approved a $162 million loan that will electrify 465 kilometers of railway line connecting major urban centers in western Uzbekistan, improving railway services and boosting trade and tourism in the region. The project will …

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India’s Green Energy Gets More Funding Than Coal For Third Year

Indian investors have funded clean energy projects more than coal-based ones for a third straight year in 2020 as more lenders reduce funding for fossil fuels. Renewable energy projects received 74 percent of the total amount of loans issued by …

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Asian Development Bank Approves $162m Loan to Modernize Railway in Uzbekistan

The Asian Development Bank (ADB) has approved a $162 million loan that will electrify 465 kilometers of railway line connecting major urban centers in western Uzbekistan, improving railway services and boosting trade and tourism in the region. The project will …

Read more

India’s Green Energy Gets More Funding Than Coal For Third Year

Indian investors have funded clean energy projects more than coal-based ones for a third straight year in 2020 as more lenders reduce funding for fossil fuels. Renewable energy projects received 74 percent of the total amount of loans issued by …

Read more

U.S. Department of Education to Erase Student Loan Debt for Borrowers with Severe Disabilities

The United States Department of Education announced on Aug. 19 that it will automatically erase student loans debt for over 323,000 borrowers with severe abilities. The move will cancel over $5.8 billion of student loans debt for Americans identified as …

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