- December 22nd, 2024
South Korean President Yoon Suk Yeol has announced a significant 45% increase in the nation's contribution to the World Bank's International Development Association (IDA), signaling South Korea's commitment to global development. This pledge, totaling approximately 845.6 billion won (US$608.26 million),...
The Philippine peso could be on course to retest its record low of 59 against the U.S. dollar, driven by escalating geopolitical concerns and uncertainties surrounding the upcoming U.S. election, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. warned...
Morocco plans to ease its current exchange rate regime starting in 2026, marking a return to gradual currency reform efforts that were postponed due to the economic fallout from the COVID-19 pandemic. The announcement came from Abdellatif Jouahri, Governor of...
In an increasingly uncertain global economic landscape, hopes that 2025 will be a more stable year for China’s economy may be unfounded. The World Bank recently delivered a sobering assessment of the nation’s prospects, predicting that growth in Asia’s largest...
The World Bank expects China’s economic growth to weaken further in 2025, despite a temporary boost from recent stimulus measures. This trend is likely to exert additional pressure on regional economies, particularly in East Asia and the Pacific, according to...