The cost of Ghana’s financial sector cleanup risks escalating to 20 billion cedis ($3.5 billion) as the government weighs increasing the guaranteed payback for some depositors, Finance Minister Ken Ofori-Atta said.
Argentina's new finance minister made stabilizing the country's battered currency his top priority Tuesday, while still pledging to meet commitments made to the International Monetary Fund, which is sending a team to Buenos Aires.
As the Indian economy is struggling with a sluggish growth rate of 5.8 percent for the January-March quarter of financial year 2018-19 coupled with 45-year high unemployment rate of over six percent, lagging exports, distressed farm sector, etc, the challenges before the Narendra Modi-led government, is to bring the nation back on a growth path.
Finance chiefs of the Group of 20 major economies meeting in the Japanese city of Fukuoka debated Saturday over how to revise tax systems to ensure big companies pay their fair share and support economies as global growth slows.
South Korea's chief economic policymaker on Wednesday called on the National Assembly to swiftly pass the 6.7 trillion-won ($5.8 billion) extra budget bill, as Asia's fourth-largest economy is facing downside risks.
The Iranian government has been allowed to get up to $30 billion in finance from foreign lenders for infrastructure projects, a spokesman for the Parliament’s ad-hoc budget review committee said on Tuesday.