NAIROBI – Kenya plans to borrow 1.550 billion shillings (approximately US $ 14 billion) from external sources in fiscal year 2021/2022, the National Treasury said on Wednesday in its loan and grant estimates.

This is an increase from the $ 12 billion in fiscal year 2020/2021, according to the Treasury. (Kenya-External borrowing-Estimate)

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BERLIN – German stocks got off to a good start on Wednesday, with the benchmark DAX rising 108.44 points, or 0.71%, opening at 15,357.0 points.

The biggest winner among the 40 largest German listed companies was meal kit company HelloFresh, with an increase of 3.56%, followed by pharmaceutical and laboratory equipment supplier Sartorius with 3.27% and the pharmaceutical company Merck with 3.02%. (German stocks)

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TOKYO – Tokyo shares closed largely lower on Wednesday, following an overnight decline in US stocks.

The 225-number Nikkei Stock Average closed 639.67 points, or 2.12%, down from Tuesday at 29,544.29. (Japan-Actions)

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BEIJING – The recent allegations made by some American politicians against the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, expose their “anti-China hysteria” and could threaten the fund’s multilateralism and global financial stability, a said an American expert.

The attack on Georgieva “is not really about the alleged sanctity of World Bank data or the quality of its management”, but “China’s role in a Washington-based multilateral institution,” said Jeffrey Sachs, director from the Center for Sustainability at Columbia University, in an article published Monday by the Financial Times. (United States-China-IMF)

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KUALA LUMPUR – Fitch Solutions Country Risk and Industry Research on Wednesday revised the forecast for the 2022 average Malaysian ringgit (MYR) exchange rate to 4.20 MYR / USD (US dollar) from 4.10 MYR / USD previously.

The revision comes as the outlook for the ringgit has deteriorated with hawkish trends in major central banks around the world. (Malaysia-Ringgit-USD)