The currencies that are being held by central banks as foreign exchange reserves have remained largely steady over decades. Changes in the
The Asian Development Bank (ADB) has approved a $2.5 million grant to assist the Government of Viet Nam in providing emergency and humanitarian services to residents affected by the recent floods in the country’s central region.
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The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers.
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The former Director-General at the French Treasury was elected in October at the EBRD’s 2020 Annual Meeting, which was held in a virtual session and postponed from May due to the coronavirus pandemic.
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A loan of up to €20 million by the European Bank for Reconstruction and Development (EBRD) to Banca Intesa Beograd will help businesses and municipalities in Serbia to cope with the economic fallout of the coronavirus pandemic.
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We construct a balanced panel data set for inflation and its potential drivers in 47 advanced and emerging market economies.
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The European Investment Fund (EIF) and the European Commission are announcing the first 6 Venture Capital funds under the InnovFin Artificial Intelligence and Blockchain pilot
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American Express Company (NYSE: AXP) today reported third-quarter net income of $1.1 billion, or $1.30 per share, compared with net income of $1.8 billion, or $2.08 per share, a year ago.
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The Federal Reserve Board on Thursday announced it has fined the Goldman Sachs Group, Inc. $154 million for the firm’s failure to maintain appropriate oversight, internal controls, and risk management with respect to Goldman’s involvement in a far-reaching scheme to defraud a Malaysian state-owned investment and development company, 1Malaysia Development Berhad (1MDB). In 2012 and
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The Asian Development Bank (ADB) has endorsed a new 5-year country partnership strategy (CPS) for Maldives covering 2020–2024. A roadmap for ADB operations in Maldives, the CPS will support the country to take on a more resilient, sustainable, and inclusive path for development, and emerge stronger from the coronavirus disease (COVID-19) pandemic. Under the CPS,
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Claudio Borio spoke at the Barclays 24th Annual Global Inflation Conference, concluding that inflation is not dead, just in hibernation.
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