Sun, 03 Dec 2023

HANOI -- Vietnam's climate investment opportunities will reach up to 757 billion U.S. dollars by 2030, focusing on renewable energy, green construction, energy efficiency and transportation, according to the latest statistics of the International Finance Corporation (IFC).

Vietnam's climate finance sector is still facing significant challenges in ensuring a strong alignment between major investment opportunities and environmental goals, Vietnam News Agency reported on Friday, citing Allen Forlemu, IFC's regional industry director for Financial Institutions Group, Asia and Pacific. (Vietnam-Climate-Investment)

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AMMAN -- Jordan and the German Development Bank in the kingdom on Friday signed a 22.4-million-euro (about 23.8 million U.S. dollars) grant agreement to support the Jordanian education sector.

The Jordanian Ministry of Planning and International Cooperation said in a statement that the aid will fund teachers' salaries in public schools that accommodate Syrian students for the academic year 2023/2024. (Jordan-German Development Bank-Grant-Education Sector)

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BERLIN -- Residential property prices in Germany fell 9.9 percent in the second quarter (Q2) of 2023, the sharpest year-on-year decrease since 2000, when the monitoring of housing prices began, the Federal Statistical Office (Destatis) said Friday.

The downward trend began a year ago with rising interest rates and growing inflation, putting an end to a long period of cheap financing that previously galvanized the property sector in Germany, according to Destatis. (Germany-residential property)

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NAIROBI -- Kenya's foreign exchange reserves experienced a decline of 112 million U.S. dollars this week, adding pressure on the local currency, the shilling, which reached a historic low of 147 to the dollar, the Central Bank of Kenya said in its update on the financial markets issued on Friday.

The reserves, as per the apex bank, amounted to 6.95 billion dollars at the week's end, equivalent to 3.76 months of import cover, marking a decrease from the previous week's figure of 7.06 billion dollars. (Kenya-Forex)

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MADRID -- Spain's economy grew by 0.5 percent between April and June (second quarter, Q2) this year, the Spanish Statistical Office (INE) said on Friday.

Q2 growth was higher than 0.6 percent registered in the first quarter of 2023, but 1 percentage point higher than the preliminary estimate. (Spain-Q2-GDP)

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