The International Monetary Fund has advised Sierra Leone’s central bank to “expedite” new shipments of local currency following persistent currency shortages.
While digitalization was considered as a long-term objective within the pharmaceutical industry, it has quickly become a necessity for companies to engage with both physicians and patients during the pandemic. Will the same digitalization trends that have reshaped the industry during the pandemic remain a focus in the future?
European banking authorities conducted the semi-annual exercise to determine whether banks have enough capital to withstand economic shock. Importantly, the results mean banks can likely resume dividend payouts.
The people of Afghanistan are facing “dire” financial prospects, the former head of its central bank has warned, cautioning that an acute shortage of dollars and higher inflation will fuel the flow of migrants out of the country.
The amount raised by start-ups in the Middle East and Africa has doubled so far this year, compared with the same period in 2020, as investors tap into the growth of the region's fast growing digital economy.
Yemen will receive about $665 million worth of reserves from the International Monetary Fund (IMF) on Monday which will help ease an acute economic and humanitarian crisis in the war-torn country, the fund's regional representative for Yemen said.
IMF provides R65bn emergency funding for SA to tackle Covid-19, THE GOVERNMENT'S finances will be boosted further with a R65 billion ($4.16bn) injection as the International Monetary Fund (IMF) Special Drawing Rights (SDRs).
EU Commission president Ursula von der Leyen said the EU executive was ready to provide funding to EU countries that help resettle Afghan refugees and more humanitarian aid for the country recently overrun by the Taliban.
Digital banks in the Gulf Cooperation Council, or GCC, will likely have to invest heavily in acquiring younger customers and target areas underserved by incumbent lenders if they are to gain significant market share.
PayPal Holdings Inc will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week. The roll-out, which marks the first international expansion of PayPal's cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class.
The central bank digital currency (CBDC) launch is part of the central bank’s 2023-2026 strategy and its ambition to operate in the higher echelons of international central banking. There are seven objectives in all, all of which centre on greater use of technology.
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