Xinhua world economic news summary at 0900 GMT, July 23
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JAKARTA -- Indonesia's economic liquidity or money supply in a broad sense (M2) in June 2021 was recorded at 7,119.6 trillion rupiahs (some 491.4 billion U.S. dollars) or grew by 11.4 percent year-on-year (yoy), an increase compared to the previous month's growth of 8.1 percent (yoy), according to the central bank on Friday.
The increase was mainly driven by the acceleration of the narrow money supply (M1) and quasi money components, Head of the Communication Department of central bank Bank Indonesia Erwin Haryono said, adding that the M1 component in June 2021 grew by 17.0 percent (yoy), higher than the 12.6 percent (yoy) growth in May 2021. (Indonesia-Money Supply)
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MOSCOW -- The Nord Stream 2 natural gas pipeline will soon become operational despite Washington's attempt to politicize the project, Russian Foreign Ministry Spokesperson Maria Zakharova said Thursday.
Zakharova made the remarks during her weekly briefing after the United States and Germany agreed on Wednesday on measures to reduce the risk that the Nord Stream 2 would pose to European energy security and Ukraine. (Russia-Nord Stream 2)
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BANGKOK -- Thailand is considering to unveil an "island hopping" tourism program, allowing quarantine-free foreign visitors arriving in the tourist resort Phuket to "hop" to other seaside destinations, in the latest step to boost the tourism sector.
Fully-vaccinated international travelers will be allowed to visit other seaside destinations, including Krabi, Phang Nga or Koh Samui, after a seven-day stay in Phuket, Thanakorn Wangboonkhongchana, spokesman of the Center for Economic Situation Administration, said Thursday. (Thailand-COVID-19-Tourism)
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WASHINGTON -- The executive board of the International Monetary Fund (IMF) has approved a set of policy reforms to the concessional lending facilities to better support the recovery of low-income countries (LICs) from the COVID-19 pandemic.
"These reforms are set to ensure that the Fund has the capacity to respond flexibly to LICs' needs over the medium term while continuing to provide concessional loans at zero interest rates," the IMF said Thursday in a statement. (IMF-Low-income countries) Enditem
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