Egypt`s Prime Minister Ibrahim Mehleb was sworn in on Tuesday at the head of a new government that retained key economic and security ministers but created a new investment post to attract funds to an economy racked by years of political turmoil.
Hit by a currency crisis and poor growth, India on Saturday ruled out approaching the International Monetary Fund (IMF) for assistance, saying the economic situation has not reached a point where outside help is warranted.
The Home Ministry has said terrorists backed by various external agencies have spread their focal point beyond the Kashmir Valley with the aim of creating communal strain, affecting the country’s economic development.
The rise of BRIC countries represents a fundamental shift in global economy and the developing world needs a legitimate seat at the table so that shared challenges are better addressed, a powerful US Senator has said.
The IMF said on Thursday the economies of India, China and Australia were recovering especially rapidly, suggesting it notices growing pressures for authorities there to tighten monetary policy ahead of others in the region.