This is lower than the minimum mandated capital adequacy ratio for microfinance banks set at 15pc.... As a result, the sector’s gross non-performing loans ratio rose to 6. 7pc in 2022, from 5. 2pc the year before. This shouldn’t be too surprising, given the sharp recalibration in monetary policy over the last two years.... Especially considering how these entities help push the financial inclusion targets, particularly those relating to account opening. Published in Dawn, The Business and Fina

PARIS: While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa, where several countries are already in default, is experiencing its worst-ever crisis. The rise in interest rates and over-indebtedness is already crimping the ability of countries to finance their development, as a number of African leaders emphasised at appearances at the World Economic Forum in Davos. Following the 2007-2009 global economic crisis central banks in industr

be irrevocably spiraling towards deadly confrontation and real, battlefield hot war. However, some

HARARE, May 26( Xinhua)--Zimbabwe's annual inflation spiraled to 131.7 percent in May, up from

Secretary( Image: Simon Walker) The sickness bill is spiralling out of control.... At this rate it will

FOR R. Daranagama, a 70-year-old rice farmer, the past year ranks among the most difficult of his life.As Sri Lanka battles its worst economic crisis in decades, Daranagama has barely touched his four-acre field this season.... Shortages of items like flour and milk powder are widespread. Food inflation hovers around 60%.... Faced with exorbitant costs, many farmers like Daranagama have skipped rice cultivation entirely this season....

country’s manufacturing sector trapped in a" downward spiral". That was the prognosis from a leading

The Taliban in Afghanistan declared a total ban on the use of foreign currency Tuesday, a shock move that threatened to rattle an economy already cash-starved and nearing collapse. The group said in a statement that it was requiring Afghans to use the local currency, or afghani, in all transactions and that any violators would be prosecuted.Wp Get the full experience. Choose your plan ArrowRight U.S. dollars are widely used in Afghanistan for both formal and informal business.... But the Taliba

THIS is the terrifying moment a plane spirals out of control and nearly kills skydivers who had

Join our Whatsapp channel ISLAMABAD: The ‘Global Risks Report 2025’ released on Wednesday reveals an increasingly fractured global landscape, where escalating geopolitical, environmental, societal and technological challenges threaten stability and progress. While economic risks have less immediate prominence in this year’s survey, they remain a concern, interconnected with societal and geopolitical tensions, says the report released by the Davos-based World Economic Forum. State-based armed con