The development comes as companies have been intending to diversify their supply chains from China. Trade tensions between US and China have also sparked concerns among businesses.
Zambia is under a heavy debt burden, and the post-Covid economic recovery is slow. In such a situation, it is difficult to upgrade the dilapidated road connecting its mining sites to export destinations in the lack of funds to build infrastructure, Africa Daily Digital reported.
New Delhi [India], September 10 (ANI): Asian Development Bank (ADB) Vice-President Shixin Chen during his India visit from 5th to 9th September reiterated ADB's commitment to further strengthen its partnership with India and affirmed ADB support to the government's development priorities
New Delhi [India], April 7 (ANI): In line with its "neighbourhood first" policy, India stands ready to continue working with Sri Lanka for rapid post-COVID economic recovery, said Ministry of External Affairs (MEA) spokesperson Arindam Bagchi on Thursday.
Islamabad [Pakistan], January 25 (ANI): The Institute for Policy Reforms (IPR), a think tank run by a PTI leader, slammed the government's celebrations over Pakistan's improved ranking in post-Covid economic recovery on Monday, saying it didn't mean anything, reported DAWN.
Paris [France], January 20 (ANI): Indian Ambassador to France, Jawed Ashraf on Wednesday called on French President's Diplomatic Advisor Emmanuel Bonne and discussed issues related to multilateralism, post-COVID economic recovery and vaccine development.
Mumbai (Maharashtra) [India], April 13 (ANI/BusinessWire India): Outbreak of COVID -19 is causing significant economic turmoil across economies around the world.