Thursday

28th Mar 2024

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IMF to raise its funding

The International Monetary Fund (IMF) agreed on Tuesday to increase its funds given the negative impact of the eurozone crisis on the global economy, reports AFP. Current IMF funds total $385 billion. Euro-zone countries pledged to boost the fund by €150 billion last December.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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