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Keywords: International finance
South Korea is taking another step toward opening its currency market to international investors by testing a new settlement system designed to allow transactions in the Korean won around the clock. The initiative, led by the Bank of Korea, is part of a broader effort to modernize the country’s......
The African Union has appointed Moroccan diplomat Fathallah Sijilmassi as its Special Envoy for G20 and Global Affairs, giving him a mandate focused on strengthening Africa’s engagement with major international institutions and multilateral platforms. The appointment was announced on 18 September......
India’s foreign exchange reserves have reached a new record, rising by nearly $45 billion in a single week and strengthening the country’s external financial position. Data released by the Reserve Bank of India (RBI) showed that total reserves climbed to $785.7 billion in the week ending......
Casablanca has strengthened its position on the global financial map after climbing seven places in the latest edition of the Global Financial Centres Index (GFCI), ranking 49th worldwide with a score of 700 points. The Moroccan city had previously ranked 56th with 703 points. Although its numerical......
Shanghai is preparing a series of measures aimed at revitalizing its offshore bond market. The municipality is considering subsidizing certain foreign issuers and facilitating investment from Chinese banks in bonds issued within the free trade zone. The stated goal is to establish a genuine international......
The International Finance Corporation (IFC) is preparing a new investment mechanism aimed at addressing distressed debt in Morocco and helping financial institutions improve the management of non-performing assets. The initiative is being developed in partnership with German company EOS and could involve......
The International Monetary Fund is preparing to send a team to Uganda in September for renewed discussions on a potential financial support programme, as the East African economy seeks to strengthen its public finances while preparing for a major shift linked to the expected start of crude oil production. The......
U.S. President Donald Trump has warned that Washington is preparing a major economic offensive against Iran as diplomatic efforts to end the prolonged conflict between the two countries continue to face difficulties. Trump’s warning came a day after U.S. Treasury Secretary Scott Bessent said Washington......
Iran is moving toward membership of the New Development Bank (NDB), the multilateral financial institution associated with the BRICS group, according to Iranian Central Bank Governor Abdolnaser Hemmati. Hemmati made the announcement during a meeting of BRICS finance ministers and central bank governors......