• 2 months ago
Fitch: Multilateral banks could lend up to $480-B before rating downgrades

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Transcript
00:00Fitch's latest report indicates a dozen major multilateral development banks, or MDBs,
00:07could collectively lend nearly $480 billion more without risking rating downgrades.
00:13The International Bank for Reconstruction and Development could lend an additional $117
00:18billion, while the Asian Development Bank, or ADB, and European Investment Bank have
00:24nearly $100 billion and $90 billion in potential lending, respectively.
00:29The report highlights both the Asian Infrastructure Investment Bank and New Development Bank
00:35could significantly increase their lending without jeopardizing their financial stability.
00:41The Russian ruble weakened further, reaching its lowest values against the US dollar and
00:46China's yuan since October 2023.
00:49It was down 0.4% at 97.40 to the dollar and 1.29% to a one-year low of 13.65 to the yuan.
01:01Analysts attribute the ruble's decline to the upcoming expiration of a US Treasury license
01:07that allowed banks to trade on Moscow Exchange following Western sanctions.

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