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Business
IsDB signs $238m Cameroon road deal, discusses support for Syria and Mozambique
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
Saudi Arabia’s SPARK, Dalipal sign $2.1bn energy equipment manufacturing deal
Saudi Arabia’s SPARK, Dalipal sign $2.1bn energy equipment manufacturing deal
Business
IMF calls for US to cut deficits amid bond woes, China to shift away from exports
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.