Xinhua world economic news summary at 0930 GMT, July 18

Source: Xinhua| 2021-07-18 17:26:09|Editor: huaxia

PHNOM PENH -- COVID-19 has led to financing flow losses of 3.6 billion U.S. dollars for Cambodia, accounting for 19.8 percent of the country's total financing flows in 2020, said a new report by the United Nations Development Program (UNDP) released on Friday.

Cambodia's financial sources for supporting national development include domestic revenue, foreign direct investment (FDI), domestic private investment, remittances, loans, grants, and official development assistance (ODA). (Cambodia-UNDP-Finance)


ROME -- Italy's exporters have recovered to pre-pandemic levels, according to two reports jointly released on Friday by the country's National Institute of Statistics (ISTAT) and the Italian Trade Agency (ICE).

According to the 35th edition of the "Italy in the International Economy" report and the "Yearbook of Foreign Trade and International Business Activities," the recovery of Italy's exports is due in large part to strong economic performances from the start of this year. (Italy-Export-Recover)


KHARTOUM -- Sudan's Finance Minister Jibril Ibrahim on Friday announced that his country has received relief from its 14.1 billion U.S. dollars' debts to Paris Club.

"Sudan's remaining debts, which stand at 9.5 billion U.S. dollars, have been rescheduled until reaching the completion point in the Heavily Indebted Poor Countries (HIPC) Initiative, with suspension of debt service payments during this period," said Ibrahim in a statement. (Sudan-Debt)


NAIROBI -- Kenya's public debt rose by 432 billion shillings (about 4 billion U.S. dollars) in the first half of 2021, pushing the east African nation's total borrowing to 71.3 billion dollars, the Central Bank said in its weekly update of the financial markets released Friday.

The debt jumped from 67.3 billion dollars at the end of 2020, with the borrowing done to fund the budget amid COVID-19 disruption as well as complete infrastructure projects. (Kenya-Public Debt-Up)


GABORONE -- Botswana, through its Economic Recovery and Transformation Plan, has set aside 700,000 U.S. dollars to purchase bucks and rams for farmers across the country for breeding, said President Mokgweetsi Masisi on Friday.

There is need to intensify efforts to increase the small stock population, which has declined over the years, said Masisi during his visit to the Impala Rural Training Center located in Francistown, Botswana's second largest city. (Botswana-Small Stock)