TheJakartaPost
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International Monetary Fund (IMF) and World Bank officials are joining dozens of economic leaders for a two-day summit in Paris, aiming to tackle the interlinked challenges of poverty alleviation and climate change.
All import and marketing of fuel in the country of nearly 170 million people is controlled by Bangladesh Petroleum Corp (BPC), which has asked the government to permit domestic commercial banks to settle dues with India in rupees.
President Joko “Jokowi” Widodo has long expressed his ambition for Indonesia to become the world’s fourth-largest economy by 2045, when the country marks its centenary of independence, and after years of global turmoil that saw the dollar rise against most emerging market currencies, the government has not abandoned that goal.
The International Monetary Fund called on the European Central Bank on Friday to keep raising interest rates until the middle of 2024 and on EU finance ministers to tighten fiscal policy, in concerted action to bring down high inflation.
The veteran leftist, whose government recently announced a deal with Beijing to trade in their own currencies -- ditching the dollar as an intermediary -- is in China to boost ties with his country's top trading partner and spread his message that "Brazil is back" as a key player on the global stage.
Experts say developing nations are struggling to find the funds needed to stop burning planet-heating fossil fuels and prepare for tomorrow's climate disasters, as they grapple with rising costs and extreme weather events.
