Mamo Mihretu, representative of Ethiopian bank presented the results of financial in the economic sector. Reforms aimed at modernising the financial sector have already yielded significant results, including a surge in foreign exchange inflows and a doubling of bank reserves. This is reported by Fana Media Corporation, a partner of TV BRICS. He expressed confidence… Continue reading Ethiopia Presents Results of Financial Transformation for 2024
Tag: International Monetary Fund (IMF)
China Stimulates Domestic Demand To Strengthen Economic Upturn
As China navigates a complex global economic landscape, it seeks to stimulate domestic demand to tackle both immediate and long-term challenges. China’s policy for invigorating consumer spending and investment has produced results, according to guest speakers who joined the ninth episode of the China Economic Roundtable hosted by Xinhua News Agency, which was broadcast on… Continue reading China Stimulates Domestic Demand To Strengthen Economic Upturn
IMF Improves Iran’s Economic Growth Forecast
In its latest report on Iran’s microeconomic performance, the International Monetary Fund said that Iran’s oil production growth in 2023 has exceeded expectations. According to the IMF’s new estimates, Iran’s economic growth in 2023 reached 5,4 per cent, well above the previous forecast of 3.0 per cent. The IMF also revised its forecast for Iran’s… Continue reading IMF Improves Iran’s Economic Growth Forecast
BRICS Expansion Is Creating New Possibilities Of Collaboration Across Diverse Sectors
The dawn of 2024 marked a significant milestone in the geopolitical landscape as Egypt, Ethiopia, Saudi Arabia, Iran and the United Arab Emirates (UAE) officially joined the BRICS grouping. This expansion, the second phase of the growth for the grouping since South Africa’s inclusion in 2011, signals a pivotal moment for the developing world. As… Continue reading BRICS Expansion Is Creating New Possibilities Of Collaboration Across Diverse Sectors
Brazil To Become The World’s Ninth Largest Economy
With gross domestic product (GDP) growth of 3.1 per cent this year, Brazil is expected to rise two places to become the world’s ninth largest economy in 2023. This was announced by the International Monetary Fund (IMF) on Tuesday, 19 December. According to the fund, the country should end the year with a nominal GDP… Continue reading Brazil To Become The World’s Ninth Largest Economy