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Home›Kenya financing›Xinhua’s Global Economic News Summary at 09:30 GMT, July 18

Xinhua’s Global Economic News Summary at 09:30 GMT, July 18

By Sherri Christopher
July 18, 2021
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PHNOM PENH – COVID-19 has caused Cambodia to lose US $ 3.6 billion in funding streams, accounting for 19.8% of the country’s total funding streams in 2020, according to a new report from the Human Rights Program. United Nations Development (UNDP) released Friday. .

Cambodia’s financial sources to support national development include domestic revenue, foreign direct investment (FDI), domestic private investment, remittances, loans, grants, and official development assistance (ODA) . (Cambodia-UNDP-Finance)

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ROME – Italian exporters have returned to pre-pandemic levels, according to two reports released jointly on Friday by the country’s National Statistics Institute (ISTAT) and the Italian Trade Agency (ICE).

According to the 35th edition of the report “Italy in the international economy” and of the “Yearbook of foreign trade and international business activities”, the recovery of Italian exports is largely due to the good economic performance of the beginning of this year. year. (Italy-Export-Recover)

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KHARTOUM – Sudanese Finance Minister Jibril Ibrahim announced on Friday that his country had obtained relief from its debts of $ 14.1 billion to the Paris Club.

“Sudan’s remaining debts of US $ 9.5 billion have been rescheduled until reaching the Heavily Indebted Poor Countries Initiative (HIPC) completion point, with suspension of debt service payments during this period, ”Ibrahim said in a statement. (Sudan-Debt)

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NAIROBI – Kenya’s public debt increased by 432 billion shillings (about $ 4 billion) in the first half of 2021, bringing the East African country’s total borrowing to $ 71.3 billion, a the Central Bank announced in its weekly financial markets update released on Friday.

Debt grew from $ 67.3 billion at the end of 2020, with borrowing made to fund the budget amid COVID-19 disruptions as well as comprehensive infrastructure projects. (Kenya-Increase in public debt)

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GABORONA – Botswana, as part of its economic recovery and transformation plan, has set aside US $ 700,000 to buy goats and rams from farmers across the country for breeding, President Mokgweetsi said on Friday. Masisi.

There is a need to step up efforts to increase the small livestock population, which has declined over the years, Masisi said during his visit to the Impala Rural Training Center located in Francistown, Botswana’s second largest city. (Botswana-Small Stock)



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