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IMF says ready for talks with Sri Lanka's new leftist government
IMF says ready for talks with Sri Lanka's new leftist government
Economy
by  AFP

The International Monetary Fund is ready to discuss its controversial $2.9 billion bailout programme for Sri Lanka with the country's new government, a spokesman said. "We will discuss the timing of the third review of the IMF-supported programme with the new administration as soon as practicable," the spokesperson said referring to the periodic review of the bailout.

China unveils fresh stimulus to boost economy
China unveils fresh stimulus to boost economy
Economy
by  AFP

China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate. On Tuesday, central bank chief Pan Gongsheng told a news conference in Beijing that it would cut a slew of rates in a bid to boost growth.

Israeli economy struggles under weight of Gaza war
Israeli economy struggles under weight of Gaza war
Economy
by  AFP

Nearly a year of war in Gaza has battered Israel's economy, and poverty is now threatening communities including in areas far removed from the fighting against Hamas. Fitch predicted in August that the Gaza war -- already the longest since the war that led to Israel's creation -- could stretch into 2025.