Finance

Zimbabwe facing ‘catastrophe’, economy could shrink by 20% without coronavirus aid – finance minister

By Elroy Mariano 5 months ago

Zimbabwe’s finance minister, Mthuli Ncube, has issued an
impassioned plea to international finance institutions, laying bare the country’s
battered economy and saying it faces “catastrophe” if it does not
access critical bailout funding to fight the combined impact of crippling
drought and the coronavirus pandemic.

In a leaked letter, the authenticity of which has been
confirmed by a senior government official, Ncube wrote to the International
Monetary Fund, the World Bank and other international institutions, saying the
country faced record poverty levels.

Ncube said without a transformative arrears clearance and
re-engagement plan, Zimbabwe could “suffer a health and economic
catastrophe” and the economy could contract by as much as 20%.

“This is a massive contraction with very serious social
consequences,” that could “raise poverty to levels not seen in recent
times,” reads part of the letter.

Zimbabwe, which cleared its debts with the IMF, still owes
other international lenders more

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CFC & Rwanda Finance Ltd agree to enhance cooperation ties

By Elroy Mariano 5 months ago

Casablanca Finance City (CFC) and Rwanda Finance Limited (RFL) have agreed to promote investment and cooperation between Morocco and Rwanda in financial services.

The agreement, signed on Wednesday via videoconference, seeks to promoting best practices, through which CFC will support the development of the International Financial Center of Kigali (KIFC).

Saïd Ibrahimi, CEO of CFC, said: “We are very pleased to sign this partnership between CFC and RFL. This agreement allows us to expand our network of partnerships and to share our expertise with other African financial centers in a logic of South-South cooperation”.

This partnership comes after the agreement sealed with the Rwanda Development Board (RDB), which aims to facilitate the business of CFC companies operating in Rwanda, added Mr. Ibrahimi.

For his part, Nick Barigye, CEO of Rwanda Finance Limited said: “By capitalizing on the close relations between our two countries, this agreement emphasizes the improvement of the

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Washington State Housing Finance Commission

By Elroy Mariano 5 months ago



Washington State Housing Finance Commission

The Algerian Finance Minister debunked the government over the country’s finance following the crash of global oil, noting that the situation is dire and that it is pointless to lie.

Abderrahmane Raouya, during an improvised press conference in capital Algiers Wednesday, confirmed that the state finances have drastically dwindled, TSA reports.

The North African country has seen its resources affected after the oil prices have plunged across the globe due to low demand as the lockdown because of the novel covid-19 reduced economic activity worldwide.

The country’s national budget depends heavily on oil and gas revenues, which account for 97 per cent of total sales abroad.

The current national budget was built on a price of $50 a barrel at a time benchmark international crudes are trading at their lowest in about two decades. The country’s crude oil, Saharan blend, dropped and is currently sold at around $11.72 per barrel.

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Mission and Vision | Opportunity Finance Network

By Elroy Mariano 5 months ago

Mission

OFN’s mission through 2025 is to lead CDFIs and their partners to ensure that low-income, low-wealth, and other underserved people and communities have access to affordable, responsible financial products and services.

Core Purpose & Vision

OFN exists to align capital with social, economic, and political justice. This is OFN’s purpose. OFN will pursue this purpose for as long as it takes to achieve. When capital and justice are aligned, all people will have the resources and opportunities to act in the best interests of their communities, themselves, and future generations. This is OFN’s vision.

Core Values

OFN’s work is bounded by two values that anchor all that we do:

Justice: Every facet of our work should be directed toward and reflect an unwavering commitment to fair and equal access to, opportunity in, and responsibility for social, economic, and political life. For us, justice is a unifying value.

Excellence: The

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Personal Finance News Information Tips

By Elroy Mariano 5 months ago

Greetings all,

I guess it’s about time to shut down this blog, Top Finance Blog. It’s been a nice run of 11 years and initially I had a lot of fun and made some nice money, but those days are gone and it’s time to move on.

Since I never had many return visitors or subscribers and had only one comment in the last 5 months, I doubt anyone will actually read this. But that’s okay because I’m turning off comments in any case, so I’ll probably never know if anyone ever cared about most of the content here in the last few years or so.

However, if there were things here that interested you, here’s a bit of information for you. Many of the articles here will be repurpose elsewhere. They’ll either go to my accountant’s blog, who I write for, or my relatively local blog, Syracuse Wiki, where

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Top 15 Best Personal Finance Websites

By Elroy Mariano 5 months ago

Here are the top 15 Best Personal Finance Sites based on popularity as derived from our eBizMBA Rank which is a continually updated average of each website’s Alexa Global Traffic Rank, and U.S. Traffic Rank from both Compete and Quantcast.“*#*” Denotes an estimate for sites with limited data.


1 | Yahoo! Finance
110 – eBizMBA Rank | 70,000,000 – Estimated Unique Monthly Visitors | *50* – Compete Rank | *170* – Quantcast Rank | N/A – Alexa Rank | Last Updated: February 1, 2020. The Best Personal Finance Websites | eBizMBA


MSN Money2 | MSN MoneyCentral
138 – eBizMBA Rank | 65,000,000 – Estimated Unique Monthly Visitors | *100* – Compete Rank | *175* – Quantcast Rank | N/A – Alexa Rank | Last Updated: February 1, 2020. The Best Personal Finance Websites | eBizMBA


CNN Money3 | CNN Money
148 – eBizMBA Rank | 50,000,000 – Estimated Unique Monthly

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Are Charities Ready for Social Finance? Investment Readiness in Canada’s Charitable Sector

By Elroy Mariano 5 months ago

On June 25, join our free webinar presented by Imagine Canada to learn more about social finance.

There is growing interest in social finance from government policymakers who see it as a tool for scaling innovative solutions to complex social and environmental challenges. For not-for-profits, social finance offers a new source of capital that could allow them to diversify their revenue streams and become more resilient in an increasingly precarious funding environment.

While social finance could have a transformative impact on the funding and financial landscape, relatively little is understood about its implications for charities. This webinar presents the results of a national survey of over 1,000 registered charities undertaken by Imagine Canada to better understand charities’ current readiness to participate in Canada’s growing social finance market.

Webinar information

Topic: Charities and Canada’s Social Finance Market

Date: Thursday, June 25 at 1pm ET / 10am PT (webinar is one

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Class extension model in X++ – Finance & Operations | Dynamics 365

By Elroy Mariano 5 months ago



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saveurschoc-n-roudoudou.com | Magazine 7 by AF themes.