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Europe pushes Greece in bogged down debt talks RIGA: European ministers heaped pressure on Greece Friday to speed up negotiations to unblock critically needed bailout funds and avert a dangerous default, showing frustration after months of bogged down talks.The eurozone's 19 finance ministers ended a meeting in Riga without a breakthrough to unlock 7.2 billion euros ($7.8 billion) in bailout cash, with the threat of a messy exit by Greece from the euro still hanging in the balance."It was a very critical discussion," said Eurogroup chairman Jeroen Dijsselbloem after the talks ended, with eurozone ministers angry at the lack of progress as a hefty payment of 200 million euros to the IMF stands due on May 1. "There remain big, big problems to be solved for Greece," he said.Athens is fast running out of money to pay its creditors and carry out everyday government duties, raising the risk of a default as a long series of huge loan ...


West Africa battles mystery of 'post-Ebola syndrome' MONROVIA: As the Ebola epidemic retreats across west Africa, international health authorities are turning their attention to the little understood long-term effects of the often-deadly virus on the survivors.There is little research on patients cured of the tropical fever, but the World Health Organization (WHO) has acknowledged that many are experiencing crippling complications long after walking out of treatment units. Matshidiso Moeti, the WHO's new head in Africa, told AFP that Liberian survivors had been ...

‘Stress test’ will flush out desire for Syria peace: UN envoy UNITED NATIONS: The United Nations envoy to war-torn Syria said Friday that he will know by the end of June if there is any appetite among the opposing sides to find a peaceful way out of the conflict.During closed discussions with the 15-member UN Security Council, Staffan de Mistura acknowledged that the "odds and conditions for launching a political transition are no better now than six months ago," diplomats at the briefing said.The Damascus regime ...

Euro zone concerned about ‘slow progress’ with Greece RIGA: Euro zone finance ministers expressed concern on Friday about the slowness of talks with Greece and called for them to accelerate, European Commission Vice President Valdis Dombrovskis said as a meeting in the Latvian capital ended. "Concerns in Eurogroup Riga about limited progress in talks with Greece," Dombrovskis said on his Twitter account. "Urgent need to speed up negotiations." Copyright Reuters, 2015

UN welcomes EU migrant plan, says test is whether lives saved GENEVA: The United Nations on Friday welcomed the European Union's plan to triple the size of its naval search mission in the Mediterranean, but said the key test was whether lives were saved and those fleeing war had a chance of gaining asylum. The EU's assurances meant the operation would have capacity, resources and scope comparable to Italy's Mare Nostrum, which was ended six months ago, the UN refugee agency (UNHCR) said. "UNHCR believes they ...

Stronger HSBC on relocation prospects boosts Britain's FTSE LONDON: Britain's top share index climbed higher to trade just below a record peak on Friday, supported by gains in heavyweight HSBC after the global bank said it was considering moving its headquarters out of Britain for regulatory reasons. The London-based bank rose 3.6 percent, the top gainer in the blue-chip FTSE 100 index, after it said its board had asked management to look at where is the best place to be based in light ...


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln