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Debt-laden African countries charged ‘extortionate’ rates, U.N. chief says

Debt-laden African countries charged ‘extortionate’ rates, U.N. chief says

© Reuters. FILE PHOTO: Secretary-General of the United Nations, Antonio Guterres speaks as he receives the University of Lisbon 2020 prize, in Lisbon, Portugal, January 5, 2023. REUTERS/Pedro Nunes/File Photo By Dawit Endeshaw ADDIS ABABA (Reuters) – African countries are getting a raw deal from the international financial system which charges them “extortionate” interest rates,…

Sticky inflation prompts EBRD to trim 2023 growth outlook for its region

Sticky inflation prompts EBRD to trim 2023 growth outlook for its region

© Reuters. FILE PHOTO: The headquarter of the European Bank for Reconstruction and Development (EBRD) is seen in London, Britain, November 22, Britain 2016. REUTERS/Stefan Wermuth By Jorgelina do Rosario LONDON (Reuters) – High gas prices and persistent inflation eroding real wages will limit growth in emerging Europe, central Asia and north Africa, the European…

Turkey earthquake could result in loss of up to 1% of country’s GDP in 2023

Turkey earthquake could result in loss of up to 1% of country’s GDP in 2023

© Reuters. FILE PHOTO: A man rides his bike along a collapsed Roman Catholic church in the aftermath of the deadly earthquake in Iskenderun, a coastal town of Hatay province, Turkey February 14, 2023. REUTERS/Umit Bektas/File Photo   USD/TRY +0.01% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name…