Nigeria should be producing more food to stabilize food prices, while creating jobs and reducing foreign exchange spending July 15, 2024/AfDB The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture. This […]
OPINION/EDITORIAL
Emerging Markets Show Resilience Despite Global Monetary Tightening
Credit: AsianDream/iStock by Getty Images July 12, 2024/IMFBlog By Cian Allen and Rudolfs Bems Interest rates in the United States are at 20-year highs and the dollar has appreciated sharply against other world currencies. Given the dollar’s outsized role in international finance and trade—and if history is any guide—emerging markets […]
Brent Tops $86 on Hopes of Fed Cut in September
July 12, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Brent crude soared to $86 per barrel as better-than-expected U.S. inflation data stirred hopes of a September Fed rate cut. Friday, July 12th, 2024 The beginning of this week has seen a slight downward correction for oil prices, with anticipated damages from Hurricane […]
