New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring infrastructure projects in that country and Bangladesh.
The Iranian Ministry of Industry, Mine, and Trade signed a memorandum of understanding (MoU) with five banks to collaborate on implementing a supply chain financing plan to provide facilities to production units across the country.
A senior delegation from Iraq led by the country’s chief banker held talks with Iranian authorities in Tehran as a report suggested that negotiations between the two neighboring countries have focused on Iraq’s plan to settle a multibillion-dollar debt to Iran in the very near future.
China’s central bank said on Saturday it will safeguard the legal rights of home buyers and better satisfy their reasonable living needs, vowing to promote healthy development of the country’s real estate market.
Debt loads in low-income countries surged 12 percent to a record $860 billion in 2020 amid the pandemic, prompting World Bank President David Malpass on Monday to call for a "comprehensive plan" to deal with the issue.
Europe’s banks are slow to act on sustainability and have limited understanding of their exposure to environmental, social and governance risks, according to a report by asset manager BlackRock for the European Commission.
Iran’s Foreign Ministry spokesman strongly dismissed the allegations made by a Bahraini court against Central Bank of Iran and a number of other Iranian banks, saying those claims have been politically motivated and lack legal value.
Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc's banking watchdog said on Wednesday.