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AseanPlus News 14 Apr 2020 | 3:05 PM

Coronavirus chaos is the IMF’s biggest test ever

HONG KONG: Finance ministers and central-bank governors logging in for this week’s virtual meetings of the International Monetary Fund and World Bank will say the right thing, promising to work together to confront the economic fallout of the coronavirus. The question is whether they will do the right thing and take concrete steps to allow the necessary cooperation and coordination.

World 12 Mar 2020 | 10:52 PM

Algeria to close schools, universities after first coronavirus death

ALGIERS (Reuters) - Algerian President Abdelmadjid Tebboune has ordered schools and universities to close until April 5 to slow the spread of the coronavirus, state media reported on Thursday, after the country's first registered death from the disease.

Economy 09 Mar 2020 | 7:00 AM

Lebanon seeks restructuring for US$1.2bil bonds

BEIRUT: Lebanon will suspend a US$1.2bil eurobond payment due today and seek talks with creditors to restructure its entire US$90bil debt pile, the first step in a broader plan to stabilise an economy in crisis.