Study: Selling 4% of the International Monetary Fund’s gold could ease the debt burdens of 86 countries – Trendy Blogger

Study: Selling 4% of the International Monetary Fund’s gold could ease the debt burdens of 86 countries

 – Trendy Blogger

Gold bullion at an Austrian gold and silver separation plant in Vienna on March 18, 2016. Reuters To help provide debt relief for low-income countries devastated by climate-related disasters, the International Monetary Fund must sell 4% of its gold, a study said, as climate finance dominates early talks at the COP29 summit. The study said … Read more

China unveils a comprehensive swap of local government debt to support the faltering economy – Trendy Blogger

China unveils a comprehensive swap of local government debt to support the faltering economy

 – Trendy Blogger

The Chinese national flag appears in front of the Central Financial District on Chinese National Day in Hong Kong, China on October 1, 2022. – Reuters The move would raise “the maximum local government debt by six trillion yuan.” The debt ceiling is scheduled to be raised every year from 2024 to 2026. A total … Read more