Trending
In the first six months of this year, Kazakhstan’s foreign trade turnover has surged to $63.7 billion
17 August 2022
Latest
Latest
- Kazakhstan to launch customs monitoring to avoid circumventing Russia sanctions
- Saudi Arabia and Syria discuss resuming consular services
- Borrell urges Serbia and Kosovo to implement all parts of normalisation deal
- Editorial: the parallel struggles in Georgian politics
- Russia begins deploying Stalin-era tanks to Ukraine after "significant armored vehicle losses"
- Muslims around the world welcome the start of the holy month of Ramadan
Theme
Economy
Stories related to finance and economics.
Kazakhstan to launch customs monitoring to avoid circumventing Russia sanctions
patrickn97
Fri, 03/24/2023 - 11:15
IMF reach staff-level agreement to give Ukraine $15.6bn loan
Kazakhstan has announced that it will launch an online system that will track all goods crossing its borders from 1 April in an attempt to demonstrate that it is complying with Western sanctions on Russia.
On Tuesday (21 March) the International Monetary Fund (IMF) located in Washington D.C. announced that it had reached a staff-level agreement with Ukraine for a 48-month financing package worth about $15.6 billion. The BBC also reports that it is the first loan that the organisation has granted to a country at war. In a statement, the IMF announced that the Extended Fund Facility (EFF) "aims to support the Ukrainian authorities anchor policies that sustain fiscal, external, price and financial stability, and support the ongoing gradual economic recovery, while promoting long-term growth in the context of post-war reconstruction and Ukraine’s path to EU accession". The agreement must however still be ratified by the IMF's board, and follows months of negotiations between IMF staff and Ukrainian authorities. The executive board of the IMF is expected to discuss approval in the coming weeks.
patrickn97
Wed, 03/22/2023 - 07:18
Filter archive
Trending
Enchanting but distant Tajikistan says it is ready for increased co-operation with Europe
20 May 2022
At a recent promotion forum in Brussels senior Tajik officials emphasised that their country was business friendly and tourist welcoming. Young and eager Tajik entrepreneurs also highlighted that both country and society were ready for qualitative step-change in relations with Europe. On its part the EU has signalled it is ready to increase co-operation with the strategically located country, including through enhanced partnership agreements.
