Archives Economics - Page 9 of 24 - New Eastern Outlook

Several African nations are beginning to take decisions in order to repatriate their gold-currency reserves from the United States, notably Nigeria and Ghana. In fact – this process is in reality truly global in scope – both at the African continental level and internationally. De facto, Washington himself sawed off the branch on which he had been sitting for a long time. And with the current realities specific to the framework of the multipolar world order, the process will only accelerate…

Kremlin Spokesman Dmitry Peskov recently told reporters that “No matter what else occurs regarding Ukraine, United States business and leadership put money in their pockets. While TASS news agency is not considered prime news for Westerners, it should be. It turns out the American leadership and militarists have no qualms about admitting the profitability of war in Ukraine.” Let’s run with a quote from Mr. Peskov via TASS…

The International Monetary Fund (IMF) and Pakistan reached a staff-level agreement in March 2024 for the release of the remaining $1.1 billion out of the total $3 billion bailout package. The 9-month bailout package was sought by the Pakistani government last year to avert the sovereign debt. The country has been dependent on IMF loans for decades to fuel its staggering economy. This was Pakistan’s 24^th engagement with the Washington-based lender…