Articles by: Silvia Hristovamm

Rapid population growth in Africa could jeopardize progress towards reducing poverty

September 19, 2018 10:01 amComments Off on Rapid population growth in Africa could jeopardize progress towards reducing poverty
Rapid population growth in Africa could jeopardize progress towards reducing poverty

Rapid population growth in some of the Africa’s poorest countries could jeopardize progress towards reducing world poverty and improving health, according to a report by the charity foundation of the American businessman Bill Gates. The demographic trends show that one billion people have escaped poverty in the past 20 years. The rapidly growing population, especially in parts of Africa, may, however, stop the decline in the number of extremely poor […]

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Lagarde: The world has to spend more to meet its development targets

September 18, 2018 9:38 amComments Off on Lagarde: The world has to spend more to meet its development targets
Lagarde: The world has to spend more to meet its development targets

The world needs to increase its spending if wants to meet its ambitious goals of poverty reduction and environmental protection adopted by the UN. This was stated by the director of the International Monetary Fund (IMF) Christine Lagarde in a speech in London. “For the low-income countries in particular, meeting the additional spending needs will require a strong partnership between all stakeholders – countries themselves, but also official donors, philanthropy, […]

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Peter Altmaier expects growth of the German economy by 2% this year

8:34 amComments Off on Peter Altmaier expects growth of the German economy by 2% this year
Peter Altmaier expects growth of the German economy by 2% this year

German Economy Minister Peter Altmaier expects the German economy to grow by about 2% this year, predicting a difference of 0.1 percentage point. “We could also have a 3% growth”, said Peter Altmaier, but added that companies are not investing enough to achieve higher growth because they lack a sufficient workforce to increase production. Earlier this month, the Ifo economic institute increased its growth forecast for German gross domestic product […]

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Mario Draghi: The risks remain balanced, but uncertainty is growing

September 17, 2018 8:21 pmComments Off on Mario Draghi: The risks remain balanced, but uncertainty is growing
Mario Draghi: The risks remain balanced, but uncertainty is growing

The risks to the economic development of the Eurozone remain balanced and growth continues to support confidence in achieving target inflation. This was stated by the Governor of the European Central Bank Mario Draghi after the decision of the Eurozone monetary regulator was announced. However, he warned of growing uncertainty about protectionism, the vulnerability of emerging markets and the volatility of financial markets. “The Governing Council is ready to use […]

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Russian Central Bank unexpectedly raised interest rates

8:00 pmComments Off on Russian Central Bank unexpectedly raised interest rates
Russian Central Bank unexpectedly raised interest rates

The Russian Central Bank unexpectedly raised interest rates for the first time since 2014, following central bank policy in emerging markets, as inflationary risk is rising in conditions of devaluation and threat of the US sanctions. The key interest rate in the country was increased from 7.25% to 7.50%. The central bank even said they would “consider the need for further increases”. Given what is happening in the markets, the […]

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