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IMF Says Indonesian GDP to Expand 5.3% in 2018

The Indonesian economy continues to perform well, with GDP projected to expand by 5.1 percent in 2017 and 5.3 percent in 2018. In the near term, policies should focus on promoting growth while preserving stability. Monetary policy should focus on price stability and supporting growth, while fiscal policy should rebuild ...

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World Bank Group President Jim Yong Kim 2017 Annual Meetings Press Conference Transcript

  Good morning, Dr. Kim. IChina Central Television and CGT in America. In each of the past five years an average of 30 million people were lifted out of poverty in China, especially targeted measures were taken by China’s government to help targeted groups to avoid self-dependence on welfare. How ...

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Invest in Human Capital to Boost Economic Growth, W’Bank Urges Nigeria, Africa

IMF’s First Deputy Managing Director, David Lipton; Managing Director, IMF, Christine Lagarde and Director, IMF Communications Department, Gerry Rice, at the 2017 Annual Meetings Press Conference held today in Washington DC.       BY NKECHI NAECHE(WASHINGTON DC)—-The World Bank Group President, Jim Yong Kim on Thursday outlined some fundamental ...

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Growth vs. Inflation, A Difficult Balance for Latin America and the Caribbean, Says World Bank

  Latin America and the Caribbean growing again after last year’s contraction Regional rebound largely due to recoveries in Argentina and Brazil Unlike in wealthier nations, lowering interest rates to stimulate the economy is not an easy option in the region   WASHINGTON DC – Latin America and the Caribbean ...

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World Bank Says Signs of Economic Recovery in Middle East and North Africa* Growth Still Impacted by Instability

    WASHINGTON  D.C. – World Bank on Wednesday said that despite a growth slowdown in 2017 at 2.1 percent, economic prospects in the Middle East and North Africa (MENA) region is projected to improve in 2018 and 2019 with growth exceeding 3 percent. It added that both MENA’s oil ...

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IMF Raises Global Growth Forecasts, Calls For Reforms

The International Monetary Fund on Tuesday bumped up its global growth forecasts, saying an upswing in the world economy would likely gather pace into next year. But the global crisis lender called on governments to strike while the iron was hot, saying dangers for the current recovery lurked on the ...

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Las Vegas Shooting Live Updates: Multiple Weapons Found in Gunman’s Hotel Room

A gunman on a high floor of a Las Vegas hotel rained a rapid-fire barrage on an outdoor concert festival on Sunday night, leaving at least 59 people dead, injuring 527 others, and sending thousands of terrified survivors fleeing for cover, in one of the deadliest mass shootings in American ...

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59 killed, 527 injured in Las Vegas shooting

Police are working to establish the motive behind a mass shooting which left at least 59 dead and another 527 injured at a Las Vegas concert. Gunman Stephen Paddock, 64, opened fire from the 32nd floor of the Mandalay Bay Hotel towards an open-air music festival on Sunday evening. Police ...

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Mastercard Supports Houston with $100,000 Red Cross

Today Mastercard announced a donation of $100,000 to American Red Cross Hurricane Harvey relief efforts in Texas and Louisiana. Together with our issuing banks we are waiving any interchange related to donations through September 30, 2017 to specific charities including: AmericaresHarvey Red Cross American Red Cross Doctors Without Borders International ...

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Four countries cut ties with Qatar over terrorism ‘support’

Emir Sheikh Tamim bin Hamad Al-ThaniAP Four Arab nations cut diplomatic ties to Qatar on Monday over its relations with Iran and support of Islamist groups, isolating the tiny, energy-rich country by cutting off its land, sea and air routes to the outside world. Bahrain, Egypt, Saudi Arabia and the ...

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