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Resilient

Resilient China is firewall in emerging currency crisis

PARIS: China is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing's defences. Emerging countries -- loosely defined as having fast growing but volatile economies -- have seen their currencies battered in recent weeks, plunging their finances into turmoil, and raising fears of global contagion. But China, the world's second-biggest economy and itself categorized as an emerging market, doesn't share a key downside of the…

NDRMF to make Pakistan resilient against natural disasters: finance minister

ISLAMABAD: Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Statistics, Planning, Development and Reform Dr Shamshad Akhtar termed National Disaster Risk Management Fund (NDRMF) as a first concrete step towards making Pakistan resilient, against natural disasters and climate change impacts. She expressed these views during inaugural session at launching ceremony of NDRMF, held on Monday. The event was attended by notable representatives of federal/provincial government departments and disaster…