Ajay Banga nominated to the Top Slot of the WB The Indian diaspora is gleefully congratulating itself for the nomination by the President of the United States of America of Ajay Banga once the top executive of MasterCard, a digital or cashless plastic payment mechanism, to lead the World Bank . It is being repeated
Air India has placed the largest commercial and consolidated order for a record 470 jets from Airbus and Boeing . The contract value would be nearing $ 100 billion . The prime beneficiaries are engine maker CFM International, a joint venture between General Electric and France's Safran for the 210 Airbus narrow body jets The
Bold Talk Credit Al Jazeera The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has rendered sagacious advice , seemingly unsolicited, to Pakistan : protect the poor impose taxes on the wealthy function as a country dont get into a dangerous place & restructure debt those making good money, public or private sector, to contribute
Corruption in Central Asia The Organized Crime and Corruption Reporting Project (OCCRP) has taken up the cudgels against organized corruption and corrupt practices. The Central Asian Republic of Kyrgyzstan figures prominently in the OCCRP investigations. Kyrgyzstan was foremost in launching anti graft campaigns and ensuring transparency in procurement and award of contracts where states resources
IMF and Foreign Debt Sri Lanka entered into negotiations with the International Monetary Fund (IMF) as it was unable to repay around $ 7 billion in foreign debt due in the year 2022. The country’s total foreign debt exceeds $ 51 billion of which $ 28 billion has to be repaid by the year 2027.
Canadian Mining company accused It has been highlighted by the Organised Crime and Corruption Reporting Project (OCCRP) that Panamanian mining professionals , numbering almost 200,000, have embarked upon a crusade to prevent open-pit mining by a subsidiary of a Canadian-listed company on the counts of having breached more than 200 environmental regulations ,damaging historical and
Largest Wheat Importer The population of Egypt, the most populous Arab state, is around 104 million and to put things in perspective is perhaps the worlds biggest importer of wheat. The impact of the conflict in Ukraine and subsequent hiking of interest rates, accompanied by a surge in global energy prices compelling foreign investment to
OFAC has now published its formal guidance on the price cap sanctions for Russian oil entering into force on December 5, 2022. The price cap policy is intended to maintain a reliable supply of oil to the global markets while reducing the revenues the Russian Federation earns from its oil after the conflict in Ukraine inflated
Barrick Gold of Canada which is re entering the mineral resource sector (copper gold) in Pakistan , after an international arbitration award, recently shared its policy on Anti – Bribery and Anti – Corruption. The company informed that Corruption causes widespread harm, fuels conflict and can result in misdirection of funds that would be used
China's lofted success in developing its economy has been correlated with its dramatic rise in education particularly at the secondary stage leading to the tertiary level. China's future in productivity is planned to encourage productivity as population declines. Highly populated maritime countries may consider following this economic model as fishing stocks deplete offshore
