UBS Report: Turkey will be the 2nd in the world with the highest increase in the number of millionaires
Istanbul, July 10 (HNA) – The number of global millionaires is set to keep rising over the next five years, with Turkey surging to the second level in the millionaire…
Madagascar will be the first country to benefit from the “Climate Action Framework” by WBG and IMF
Istanbul, June 23 (HNA) – Madagascar will be the first country to benefit from the Framework in the context of the Resilience and Sustainability Facility (RSF) arrangement approved today by…
World Bank Group and IMF deepen joint effort to scale up climate action
New York, June 1 (HNA) – The World Bank Group (WBG) and the International Monetary Fund (IMF) are embarking on a significant journey, deepening their cooperation through an enhanced framework.…
EU Council gives final approval to the net-zero Industry Act
Istanbul, May 28 (HNA) – The European Council adopted a regulation establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem, better known as the “net-zero Industry Act”.…
ECB: Financial stability vulnerabilities have eased, but the outlook remains fragile
Istanbul, May 18 (HNA) – Euro area financial stability conditions have improved as recession risks decline. Still, the European Central Bank (ECB) said in the latest report that markets remain…
COP28 – The world must move away from fossil fuels
Ersin Arslan / Istanbul, December 13 (HNA) – According to a new draft agreement at the COP28 Climate Summit, the world must move away from fossil fuels. Organisers of the…
EBRD to offer climate resilient debt clauses in sovereign, municipal loans
Istanbul, December 5 (HNA) – The European Bank for Reconstruction and Development (EBRD) will include climate resilient debt clauses (CRDC) in new loan agreements with sovereign, sovereign-guaranteed and municipal clients…
IMF: The CBDCs could pose risks if not appropriately designed
London, November 21 (HNA) – Central bank digital currencies (CBDC) can improve payment systems as well as financial inclusion—if they are appropriately designed, stated the International Monetary Fund (IMF), warning…