Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday that the organization will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies this year. “To put it simply: we are facing a crisis on top …
Read More »UN chief calls for action to mitigate global impact of Russia-Ukraine conflict
United Nations | Xinhua | UN Secretary-General Antonio Guterres on Wednesday called for action to mitigate the global impact of the Russia-Ukraine conflict on food, energy and finance systems. The conflict is supercharging a three-dimensional crisis of food, energy and finance that is pummeling some of the world’s most vulnerable people, …
Read More »Ugandans urged to remain calm as crises drive up commodity prices
Kampala, Uganda | THE INDEPENDENT | Multiple international crises are pushing up commodity prices in Uganda, causing discomfort among the public, the ministry of finance has said. Finance minister Matia Kasaija, in a recent statement, said prices of essential goods and services like laundry soap, wheat flour, cooking oil, education and …
Read More »