Economy

WB suspends Tanzania tourism fund over abuse allegations
Government spokesman Mobhare Matinyi said the allegations were false
Where king dollar is causing pain the most
The dollar is at its highest since November against other major currencies, poised for a fourth straight month of gains
High US deficits fuelling growth, higher interest rates: IMF
The IMF's fiscal monitor estimates that the US deficit for 2024 will reach 6.67% of GDP, rising to 7.06% in 2025 - double the 3.5% in 2015
Pakistan to agree outline of new IMF loan in May: minister
The nation has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets
IMF further trims GDP growth forecast for Bangladesh
The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
IMF sees slow, steady global growth
While initial price spikes have faded since Russia's invasion of Ukraine, a widening of the conflict could cause them to intensify, the IMF says
India's industrial output grows at fastest rate in four months in February
Manufacturing output in February rose 5% year on year, slower than the 5.9% rise posted in the same month last year
Tame US producer price data soothes inflation concerns
The producer price index for final demand rose 0.2% last month after increasing by an unrevised 0.6% in February