IMF Managing Director Kristalina Georgieva and Argentina’s Economy Minister Martin Guzman. Reuters/ File Photo
US President Donald Trump called Argentine President-elect Alberto Fernandez to congratulate the center-left politician for winning Sunday’s election and discuss the South American country’s troubled economy.
The International Monetary Fund (IMF) warned Argentina’s bondholders that they would likely need to take a hit to help resolve the country’s “unsustainable” debt burden.
The whole world is going through a horrible situation: number one, the fear of death because of coronavirus, plus unbearable losses to the world economy because of lockdown in many parts of the world.
Green investment is the act of forgiving debt held by low-income countries in exchange for an environmentally sustainable project.
Pursuant to the Decree, the Board of Directors of the CBUAE shall be reconstituted by the following members; Abdulrahman Saleh Al Saleh as the Vice Chairman; Jassem Mohammad Buatabah Al Zaabi as Vice Chairman; and Khalid Mohammed Salem Balama as Governor of CBUAE.
The UAE tourism sector performed outstandingly in 2020 despite the impact of the COVID-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world.
Dubai’s non-oil foreign trade strongly rebounded from the challenges posed by the global economic repercussions of COVID-19 and the suspension of business activity by countries across the world in the first half of last year to record high growth in 2020.