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World 21 Nov 2020 | 4:55 AM

Mexico maintains necessary criteria for access to the Flexible Credit Line from the IMF

MEXICO CITY, Nov. 20 (Xinhua) -- Mexico's financial authorities announced on Friday that the country has maintained the necessary criteria for access to the Flexible Credit Line it has with the International Monetary Fund (IMF), as the economy has shown "resilience" despite the COVID-19 pandemic.

World 19 Nov 2020 | 1:35 AM

China unveils 50 bln yuan cultural investment fund of funds

BEIJING, Nov. 18 (Xinhua) -- China on Wednesday launched a fund of funds (FOF) for cultural industry investment with a target size of 50 billion yuan (about 7.62 billion U.S. dollars), of which 31.7 billion yuan has already been raised.

World 19 Nov 2020 | 12:42 AM

Uganda's economy on recovery trend

KAMPALA, Nov. 18 (Xinhua) -- Uganda's economy is on a recovery trend from the downturn caused by the COVID-19 pandemic, a new report by the ministry of finance showed here on Wednesday.

Economy 18 Nov 2020 | 7:00 AM

Beijing backs G20 debt relief programme

BEIJING: China will continue to support the Group of 20’s debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance Minister Liu Kun said in a statement.

World 17 Nov 2020 | 3:45 AM

Israel launches 237-mln-USD plan to support university students amid COVID-19

JERUSALEM, Nov. 16 (Xinhua) -- Israel has launched a plan for supporting university and college students, at a total cost of 800 million new shekels (about 237 million U.S. dollars), the state's Ministry of Finance said on Monday.

World 17 Nov 2020 | 12:46 AM

Thailand borrows 1.5 bln USD from ADB to revive economy hit by COVID-19

BANGKOK, Nov. 16 (Xinhua) -- Thailand's Ministry of Finance and the Asian Development Bank (ADB) inked an agreement on Monday for Thailand to secure a loan of 1.5 billion U.S. dollars to salvage an economy badly hit by the COVID-19 pandemic.