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Mohamed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, met with Ousmane Dione, World Bank VP for the Middle East and North Africa, to discuss enhancing cooperation and strategic collaboration between the UAE and the World Bank Group. Al Hussaini emphasized the partnership as a model for sustainable development, while Dione acknowledged the UAE's vital role in supporting global development initiatives. This visit highlights the strong ties and commitment to further milestones in their collaborative efforts.
Japan's central bank is expected to continue its interest rate hike cycle despite the Liberal Democratic Party's recent electoral setback, which saw it lose its majority for the first time since 2009. Analysts believe that while political instability may delay hikes, sustained yen weakness could prompt action as early as December or January. The Bank of Japan's independence is seen as crucial, with expectations of corporate earnings growth supporting market optimism.
The World Bank emphasizes that Nigeria must maintain its economic reforms for the next 10 to 15 years to emerge as a leading global economic power. Senior VP Indermit Gill highlighted the importance of these reforms in addressing high inflation and stabilizing the economy, despite the challenges they present. Sustaining these efforts is crucial for reversing losses from fuel subsidies and achieving long-term growth in sub-Saharan Africa.
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UAE and World Bank discuss strategic cooperation for sustainable development goals
14:18 26.11.2024
bank of japan likely to continue rate hikes despite political turmoil
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05:28 28.10.2024
world bank urges nigeria to sustain economic reforms for future growth
00:27 15.10.2024
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