World Bank: Nigeria Loses $8B on Foreign Exchange Subsidies Over 3 Years
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The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the…
BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor
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A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering…
US Share of World Economy Projected to Reach Historic Low
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The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World…
Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims
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The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount…
Russian Diplomat: El Salvador Proposes Settling Trade With Crypto
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El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed…
World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency
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The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million…