World Bank lowers projection

World Bank lowers projection

Washington – The World Bank on Tuesday lowered its projection for the global economic outlook this year, as developing countries are heading for disappointing growth, while high-income countries are gaining momentum. World Bank lowers projection for global...
G20 to curb currency devaluation

G20 to curb currency devaluation

Moscow- Finance Ministers and central bankers of the Group of 20 (G20) on Saturday pledged not to target exchange rates or devalue currencies for the purpose of making them more competitive. G20 members would “refrain from competitive devaluation” and...