Ukraine clinches IMF package to protect its battered economy
The IMF finalized a $15.6 billion loan, pending board approval, providing a financial lifeline for the battered Ukrainian economy.
Oil minister resignation suggests a broader anti-corruption purge in Venezuela
Venezuela’s powerful oil minister Tareck El Aissami resigned after several high-level executives of state-owned oil company PDVSA were arrested
Orban clashes with Hungary’s central bank
Hungarian Prime Minister Viktor Orban has escalated a standoff with the country’s central bank with a decree constraining its
Brazil inks deal to conduct Chinese trade in yuan
China and Brazil have agreed to conduct their trade in their own currencies, moving away from the US dollar, AFP
Corruption and impeachment disrupt regional executives across Latin America
As the Ecuadorian constitutional court approved impeachment proceedings against President Guillermo Lasso, the Peruvian congress tabled a motion to impeach
Sahel countries crack down on media
A spate of coups in Africa’s Sahel region has prevented journalists from accurately covering the area’s many crises,
Nigeria gets World Bank funding ahead of subsidy removal
Nigeria secured $800 million from the World Bank as it prepares to eliminate a subsidy on fuel. The country’s
Malaysia pursues Asian Monetary Fund
Malaysia is courting China to help create an Asian Monetary Fund that would rival the IMF and reduce dependence on
Saudi Arabia and Iran hold high-level meeting in China
After agreeing to a deal brokered by China to explore restoring diplomatic ties, Saudi Arabia and Iran have taken a
Ukraine and Poland strengthen an emerging ‘special relationship’ despite commercial concerns
Poland and Ukraine are forging a closer alliance, Radio Free Europe reports. The relationship was on full display this week
Pro-Western economist beats longest-ruling Balkan leader in Montenegrin presidential elections
Former economy minister Jakov Milatović won over 60% of the vote in Montenegro’s presidential runoff this week, defeating the
Sudan rivalry between powerful generals erupts in warfare
Heavy fighting has broken out today in Sudan’s capital between the national army and a powerful militia, Nicholas Bariyo