The International Monetary Fund (IMF) is currently working on a plan to regulate cryptocurrencies and has recommended against granting them legal tender status. This comes as India, the current G20 president, is pushing for debt restructuring for its South Asian neighbours and for cryptocurrency regulation. IMF Managing Director Kristalina Georgieva said that while there is […]
Investment in emerging markets and developing economies (EMDEs) is projected to grow at a lower rate than the past two decades. This is concerning as investment is essential for boosting resilience to climate change, improving social conditions, and supporting long-term economic growth. During the pandemic, investment in EMDEs shrank by 1.5% (8% excluding China), a […]
[ LONDON/SINGAPORE: The dollar was little changed on Wednesday, continuing to trade near six-week highs on the back of strong economic data. Survey data released on Tuesday showed US business activity unexpectedly rebounded in February to reach its highest in eight months. In the euro zone, a survey-based gauge of activity also surged, hitting a […]