The World Bank reports high global food price inflation, with Venezuela, Lebanon, Argentina, Turkey, and Zimbabwe particularly affected. The latest data shows rising trends: In low-income economies, 52.6% see over 5% increase, compared to 63.2% before. For lower-middle-income countries, it’s 86%, up from 79.5%. In upper-middle-income countries, the figure is 64%, down from 67%. High-income […]
Related Posts
Panama Canal Fee Cut in Response to Drought Year
The Panama Canal Authority (PCA) plans to lower the Freshwater Charge (FWC) starting October 1. The move aims to conserve water and manage shipping drafts. This change will slash the variable fee for users by about 50%, based on Gatun Lake’s current state. For Neo-Panamax ships, the average savings will be $19,700 per trip. For […]
BRICS bank’s $5 Billion Loan Strategy for 2024 Amid China Lending Low
Founded in 2015 by BRICS countries, the New Development Bank (NDB) is set to issue $5 billion in loans in 2024, marking its significance in global finance. This move aligns with a time when China’s lending in Africa has dropped to its lowest in two decades. With $100 billion in initial capital and $50 billion […]
