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Development banks needed to finance sustainable development
By Jomo Kwame Sundaram & Anis Chowdhury*
Iran to raise $870m in Islamic bonds to finance projects
The Iranian government is planning to implement its largest financing scheme through the local stock market by issuing nearly $870 million in sukuk, or bonds compliant with the Islamic law.
Lebanon to announce state of economic emergency
Lebanon will declare an economic emergency and the government has begun work on a plan to accelerate public finance reforms, its prime minister said.
Peso stability a priority, says new Argentine finance minister
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.
Finance secretary: Hong Kong’s economy hit by protests
Social unrest gripping Hong Kong has affected the city’s economy and businesses, and the unemployment rate is likely to rise from current levels, Financial Secretary Paul Chan said in a blog post.
Biggest expectation from India’s finance minister is to bring economy back on track
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.
G-20 finance chiefs mull ‘fair tax’ reforms to boost growth
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.
S. Korean finance minister calls for swift passage of extra budget
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.
Finance chief: Hong Kong economy stalls amid trade dispute
Hong Kong's economy stalled last year as the ongoing China-US trade dispute and retail woes dragged down local business, the city's financial chief said on Sunday.
Australia to create compensation fund for bad finance advice
The Australians government on Monday agreed to create a compensation fund for people who lost money from bad financial advice and to set rules to help drought-stricken farmers avoid bank foreclosures.
Iran gov’t gets clearance for $30b foreign finance
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.
Finance Minister Scholz: Golden years over for German tax revenues
The golden years of German tax revenues regularly exceeding expectations are ending, Finance Minister Olaf Scholz told newspaper Bild am Sonntag.
China's Finance Ministry calls out Xiaomi over accounting errors
Chinese authorities on Tuesday said smartphone maker Xioami Corp. made errors in its accounting, sending the company’s Hong Kong-listed shares down amid a wider selloff of China tech stocks.
US says disrupts Iran finance operation in UAE to squeeze Tehran
The United States and the United Arab Emirates have broken up a network funneling illicit funds to Iran as Washington steps up a drive to restrict Iranian trade and access to hard currency in the region, a senior US official said on Thursday.

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