Showing posts with label economic. Show all posts
Showing posts with label economic. Show all posts

19 February 2017

IMF agrees terms for $5 billion loan to debt-ridden Mongolia

Bayartsaikhan Nadmid, Governor of the Bank of Mongolia, left, listens as Choijilsuren Battogtokh, Mongolia's Minister of Finance, right, speaks at a press conference in Ulaanbaatar, Mongolia, Sunday, Feb. 19, 2017. The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track.
The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track.
The deal is subject to approval by the IMF's executive board, which is expected to consider Mongolia's request in March.

16 January 2016

Venezuela president gets rare live TV criticism

Venezuela's President Nicolas Maduro, left, speaks with President of the National Assembly Henry Ramos Allup, prior to delivering his annual state of the nation report in Caracas, Venezuela, Friday, Jan. 15, 2016. Ahead of a surprise dire economic data release, Maduro said he would declare an economic emergency giving him 60 days to unilaterally enact sweeping reforms. The decree will be debated in the newly-seated opposition congress next week.
In a stunning display of Venezuela's tense new political order, President Nicolas Maduro suffered through a long scolding from the head of the country's new opposition Congress Friday after presenting his state of the nation address.
Congress leader Henry Ramos wagged his finger inches from the embattled president's head in a rebuttal that was broadcast live across the South American country — unprecedented media access for an opponent of the country's socialist revolution.