Reposted from Monet Capital
By Vidur Jain
The Government of Mongolia (GoM), looks to be tight for cash as is becoming apparent through their recent action. The Government has halted the “100 Thousand Apartments” program and the low-interest financing for its would-be residents. This has led to resentment amongst the successful housing applicants, who are threatening a hunger strike on the Sukhbaatar Square in front of the parliament building. More…
Reposted from The Daily Star
By Rejaul Karim Byron
Trade deficit in the first five months of fiscal 2012-13 narrowed by 22 percent on the back of falling imports.
In July-November, imports fell by 4.31 percent year-on-year to $13.47 billion. In the month of November itself, imports fell by 5.25 percent.
On the other hand, exports increased by 3.96 percent during that period. More…
Reposted from AFP
WASHINGTON — The International Monetary Fund on Monday approved a $427 million loan for Sri Lanka, hoping to shore up government coffers that have been ravaged by a massive trade deficit.
The Washington-based lender said that Sri Lanka’s economic recovery continued in 2011, but easy access to credit and a rigid exchange rate had helped extend long-running trade imbalances. More…