ADB downgrades developing Asia's 2019, 2020 growth forecast TOKYO. KAZINFORM The Asian Development Bank expects slower growth than expected for developing Asia this year and next, it said in a report Wednesday, citing weakening domestic investment due to external factors such as the U.S.-China trade war for its 5.2 percent expansion forecast.
EIB to end financing for fossil fuel energy projects from late 2021 NUR-SULTAN. KAZINFORM - The board of the European Investment Bank (EIB) has agreed a new energy lending policy and confirmed the EIB’s increased ambition in climate action and environmental sustainability, Trend reports with reference to the organization.
EAEU central banks working on agreement on overseeing payment systems MINSK. KAZINFORM – The central banks of the Eurasian Economic Union member states are about to finish work on the agreement on oversight over payment systems, BelTA learned from NBRB Deputy Chairman of the Board Dmitry Kalechits during the international forum on banking industry information technologies BANKIT on 22 October.
UNICEF and IsDB launch first global Muslim philanthropy fund for children JEDDAH. KAZINFORM UNICEF and the Islamic Development Bank (IsDB) last week launched an innovative fund that will open new opportunities for Muslim philanthropy to reach the millions of children currently in need of humanitarian support and help achieve the Sustainable Development Goals (SDGs).
Lagarde wins EU lawmakers’ approval to lead European Central Bank YEREVAN. KAZINFORM - The European Parliament backed Christine Lagarde on Tuesday as the next president of the European Central Bank, paving the way for her to become the first woman to hold the post, Kazinform has learnt from Armenpress.
Nordic Investment Bank starts operation in Kazakhstan NUR-SULTAN. KAZINFORM – Today the plenary session of the Majilis of Kazakhstan Parliament has approved the draft law «On ratification of the Framework Agreement between the Republic of Kazakhstan and the Nordic Investment Bank regulating the activities of the Nordic Investment Bank in Kazakhstan», Kazinform correspondent reports.