January 20, 2021

IMF AND WORLD BANK MOVE TO FORESTALL OIL-LED DEFAULTS

Officials from the International Monetary Fund and the World Bank are heading to Azerbaijan to discuss a possible $4bn emergency loan package in what risks becoming the first of a series of bailouts stemming from the tumbling oil price. The Baku visit, which follows a currency crisis triggered by the collapse in crude, comes amid […]

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