IMF reviews Zimbabwe economy, eyes first new financing since 1999

By MacDonald Dzirutwe HARARE, Feb 24 :The International Monetary Fund (IMF) has started talks with Zimbabwe’s government to review its economic performance, stepping up engagement as Harare seeks a financial aid package after years of isolation. President Robert Mugabe’s government started defaulting on debts to the IMF, World Bank, African Development Bank and several Western […]

Mid-tier Chinese banks piling up trillions of dollars in shadow loans

By Shu Zhang and Matthew Miller BEIJING, Jan 31 : Mid-tier Chinese banks are increasingly using complex instruments to make new loans and restructure existing loans that are then shown as low-risk investments on their balance sheets, masking the scale and risks of their lending to China’s slowing economy. The size of this ‘shadow loan’ […]