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Botswana Turns A Political Page

Global Finance

Driving the downturn is the contraction of the global diamond market, precipitated by reduced production and weakened demand, since diamonds account for 90% of Botswana’s foreign exchange earnings. Fiscal expansion through government-backed construction projects is expected to cushion the downturn. billion.

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Bitcoin Daily: Bermuda Eyes Digital Stimulus Token Program; China's Digital Yuan Might Include A Traceable Wallet Feature

PYMNTS

Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit. The Bermuda government is working on a plan to roll out a digital stimulus token to help residents and vendors, The Royal Gazette reported.

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China To Widen Scope Of Blockchain Cross-Border Platform

PYMNTS

China is in the midst of planning to build out its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE), as Reuters reported.

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NEW REPORT: B2B Banking’s Tech-Driven Future

PYMNTS

PYMNTS.com, in collaboration with FI.SPAN, has designed the B2B API Tracker™ to give readers a monthly look at the companies that are introducing new B2B services for payments, cash management and trade finance and foreign exchanges. All in on APIs.

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World’s Best SME Banks 2025: Regional Winners

Global Finance

These were given to SMEs working in multiple sectors: tourism, construction, commerce, education, healthcare, social services, industry, agriculture, and livestock, among others. In its 2024 iteration, the Banreservas loan-fair program disbursed 5,800 loans, totaling about $238.5

Banking 52
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Central Banker Report Cards 2024: Asia-Pacific

Global Finance

The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Riel stabilization has been achieved by prudent circulation management and foreign exchange market intervention, usually involving selling US dollars versus the domestic unit on the open market.

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Best Financial Innovations 2024

Global Finance

Innovation: AI-Based Fund Monitoring Company: Eurasian Bank In Kazakhstan, would-be homeowners often engage in shared-equity construction, a process in which future owners buy shares in a house under construction. One shortcoming is that the actual use of funds isn’t always straightforward.