economy

Syria refugees in Lebanon caught in debt cycle

Nearly 90 per cent of the over one million Syrian refugees in Lebanon are caught in a vicious debt cycle, according to the UN.

The almost five-year-long civil war in Syria has driven millions of people to find refuge in neighbouring countries like Lebanon.

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“Climate irresponsibility” could wreck economic growth

“Climate irresponsibility” could undermine economic growth, but there’s still time to act.

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Cuba tourism expected to grow with thawing of US relations

Cuba has been out of bounds for American tourists for more than 50 years due to the US embargo on the Caribbean country, but the number of US visitors is set to grow according to International Monetary Fund (IMF).

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SDGs “can be achieved with right financing”

Ambitious new global development goals are due to be finalized by UN Member States in New York this week and while the principles have been agreed, what’s less clear is how to find the billions of dollars that are needed to pay for them.

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Somali economy “growing rapidly”

Somalia’s economy is on track to grow 2.7 per cent in 2015, according to the first review of the nation’s economic well-being in 26 years.

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Major food commodity prices down in May

The price of food commodities fell in May hitting the lowest level since September 2009, according to the Food and Agriculture Organization, FAO.

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Development and reconciliation 20 years after Rwanda genocide

Two decades on from the genocide in which hundreds of thousands were slaughtered, the tiny East African state of Rwanda has been seeking a path to development and reconciliation.

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Asia becomes the world's largest investor region

Asia has, for the first time, become the region which has invested more in other countries than the world’s most developed regional economic blocs.

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International Monetary Fund downgrades global growth forecast, despite cheaper oil

Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth.

UN reports potential for gradual return to global growth, foresees risks, uncertainties

Global economic growth is forecast to continue increasing over the next two years, the United Nations reported today, despite legacies from the financial crisis continuing to weigh on growth, and the emergence of new challenges, including geopolitical conflicts such as in Ukraine, and the Ebola outbreak in West Africa.