Eurozone Current Affairs, GK & News

OECD Growth Forecasts 2019

The Organisation for Economic Co-operation and Development (OECD) has reduced the world economic growth forecasts for the year 2019. Economic Forecasts of OECD The report notes that trade tensions and political uncertainty, including Brexit and erosion of business and consumer confidence are weighing on the world’s economy thereby contributing to the slowdown. OECD has cut ..

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The Asian Development Bank (ADB) sanctioned $300 million of loan facility to carry forward fiscal reforms in West Bengal

The Asian Development Bank (ADB) has sanctioned $300 million loan facility to continue a comprehensive series of fiscal reforms in West Bengal to bring about more accessible, affordable, and high quality public services. The new loan programme, which will be undertaken over two years, will carry forward reforms such as linking medium term expenditure plans ..

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Renminbi, Rupee included in ADB’s TFP

Noticing the expanding influence of the economies of China and India among the Asian economies, the Asian Development Bank (ADB) decided to encourage and support deals denominated in their local currencies under its Trade Finance Programme (TFP) as intra-regional trade transactions using the Renminbi and the Rupee are projected to increase. It is a remarkable ..

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EIB skeptical about recovery of Eurozone crisis within two years

The European Investment Bank (EIB) is doubtful about the recovery of Euro zone from its debt crisis within the next two years. As per the Bank the pressure on the European member state to settle the situation will remain for a longer time. The bank, however, believes that the political framework to tackle with the ..

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EU offers Spain bank financial aid and more time to cut deficit

European Union has offered ailing Spain more time and 30 billion euro to save the country’s banks and protect Europe from more debt crises. EU ministers promised to provide the funds with 100 billion euro ($123 billion) potentially available in all. EU finance ministers have also agreed to extend a deadline for Spain to reduce ..

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