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Geregistreerd op: 11 Sep 2018 Berichten: 689
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Geplaatst: 22-10-2018 08:08:41 Onderwerp: Stefon Diggs Camo Jersey |
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by Olatunji Saliu
ABUJA, Sept. 21 (Xinhua) -- Nigeria has retained its double-digit interest rate at 14 percent, despite a weak macroeconomic performance.
The nation's Monetary Policy Committee (MPC) on Tuesday said it acknowledged the daunting economic challenges but opined that rates reduction alone cannot move the economy out of stagflation.
According to the policy makers, which also left the cash reserve ratio at 22.5 percent and liquidity ratio at 30 percent, "the greatest challenge to the Nigerian economy today remains incomplete fiscal reforms which raise costs, risks and uncertainty".
Nigeria's economy formally entered recession in the third quarter of the year when its Gross Domestic Product in real terms declined by 2.06 percent in the second quarter year on year.
Also, the West African country's inflation rate for August increased to 17.6 percent when the National Bureau of Statistics released its report last week.
Speaking to reporters in Abuja, Godwin Emefiele, governor of the Central Bank of Nigeria and head of the MPC, called on the government to launch robust fiscal policies to save the Nigerian economy from recession.
"The urgency of a monetary-fiscal policy retreat along with trade and budgetary policy to design a comprehensive intervention mechanism is long overdue," he opined.
Minister of Finance Kemi Adeosun had on Monday joined the call by economy and financial experts in the country for rates reduction to enable the government borrow domestically to boost the economy without increasing debt servicing costs.
Emefiele said the calls for rate reduction came mainly from the belief that reducing interest rates will spur credit growth in the private and public sector, which will help provide liquidity to stimulate consumption and investment spending.
He said the apex bank, which lacked the instruments required to directly jump-start economic growth, anchored the interest rate decisions on sound judgment, fundamentals and compelling arguments for such policy interventions.
The apex bank would, however, continue to deploy its development finance interventions to complement the overall effort of fiscal policy toward reinvigorating the economy, he added.
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JOHANNESBURG, Sept. 20 (Xinhua) -- African countries have the potential to influence the negotiations at the upcoming World Wildlife Conference, South African Minister of Environmental Affairs Edna Molewa said on Tuesday.
South Africa will support proposals and working documents that promote sustainable use of natural resources, provided they have a scientific basis and are aimed at securing the long term conservation of the species, Molewa said at a press briefing on preparations for the conference, officially known as the meeting of the 17th Conference of the Parties to the Convention on the International Trade in Endangered Species of Wild Fauna and Flora (CITES CoP17).
South Africa will host the conference from September 24 to October 5 in Johannesburg.
This will be the fourth Conference of the Parties to CITES to be held on the African continent since 1975.
An estimated 3,500 delegates to CITES CoP17 will attend the conference. This not only includes ministers and government representatives from the member countries, but also representatives from inter-governmental and non-governmental organisations, civil society and other stakeholders, Molewa said.
South Africa is a founding member of CITES. The Convention was adopted on March 3, 1973, but only came into force on July 1, 1975. Today, 183 Parties are signatory to the Treaty, which has as its aim to ensure that international trade in specimens of listed wild animals and plants does not threaten their survival in the wild.
More than 120 documents will be considered during the conference. Among these documents, 60 are proposals to amend the lists of species subject to CITES trade controls.
The Conference will also deliberate on the role of CITES in securing the livelihoods of people living with wildlife and ensuring communities are considered in terms of interventions implemented in terms of the Convention. Other issues to be discussed include the legal and sustainable wildlife trade, measures to tackle illicit wildlife trafficking, and enhanced enforcement.
Topics such as interventions to address the poaching of elephant, the proposed listing of elephant, lion, rosewood species and sharks, as well as the illegal trade in rhino horn and pangolin, are probably the areas that will receive the most attention, according to Molewa.
South Africa, Zimbabwe and Namibia have proposed for international trade in elephant ivory. Other 29 African countries are against the idea. Swaziland is also lobbying for the legalization of the sale of rhino horns. Enditem
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BEIJING Daniel Carlson Camo Jersey , Aug. 8 (Xinhua) -- China's machinery sector reported better-than-expected performance in the first half of 2017 although high costs and financing difficulties continue to weigh on profits.
Profits of machinery manufacturers amounted to 857.6 billion yuan (about 127.6 billion U.S. dollars) during January-June, up 14.69 percent year on year Mike Hughes Camo Jersey , according to the China Machinery Industry Federation (CMIF).
The main business revenue came in at 12.51 trillion yuan, rising 11.6 percent from the same period last year Kirk Cousins Camo Jersey , with that in agricultural machinery, combustion engines Adam Thielen Camo Jersey , construction machinery and instruments all seeing double-digit growth.
Chen Bin, deputy head of CMIF Stefon Diggs Camo Jersey , attributed the improvement to business innovation and transformation, as well as a low comparison base last year.
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