Egyptians turn to credits
In the past, locals used to buy only durables in installments
credits
Türkiye working on new stimulus for businesses to sustain activity
The Turkish government is working on a new financial package to support small- and medium-sized enterprises (SMEs) in need of collateral, the country’s Treasury and Finance Ministry said. According to …
World Bank underscores China's key role in global economy
China is the largest borrower among all the world's low- and medium-income countries while also being one of the biggest lenders to those places
Georgia’s pensioners hamstrung by crippling debt
Paradoxically, Georgia’s poorest citizens – its elderly – have the easiest access to credit. But there is a catch. Elderly Georgians, perhaps the poorest category of people in the country, paradoxically have the easiest access to bank credit: In an unstable economic environment, government retirement benefits are one stable, albeit small, form of income that can serve as security for a loan
