The news, anew
By David LawderBANGKOK, Oct 14 (Reuters) - The United States cannot grow its way out of mounting public debt without tax or spending adjustments, while China must pivot from export-led growth towards more domestic consumption, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.
Business
Investors are increasingly confident in the Gulf's economic resilience, according to Kelsey Goodman from the World Economic Forum, who highlighted the region's solid fundamentals and long-term diversification efforts. AI is identified as a key opportunity for investment, as the Gulf aims to lead in AI infrastructure while simultaneously influencing global economic trends through strategic capital allocations and advanced manufacturing initiatives.
Business
The Islamic Development Bank (IsDB) signed a €212.35 million ($238 million) financing agreement with Cameroon to support the Douala–Bafoussam Road Rehabilitation Project, enhancing regional connectivity and access to economic opportunities. Additionally, IsDB discussed recovery efforts for Syria and potential support for Mozambique during meetings at the World Bank Group-IMF Annual Meetings in Bangkok.
Business
Turkish Central Bank Governor Fatih Karahan on Wednesday said the bank would maintain its tight monetary policy until price stability is achieved. According to Reuters, He was speaking about Türkiye's monetary policy and macroeconomic outlook during a visit to Bangkok for a meeting of the World Bank. Here are some details from the governor's presentation:
