Asia-Pacific Monetary Cooperation (APEC) Definition

Asia-Pacific Monetary Cooperation (APEC) Definition

What Is the Asia-Pacific Economic Cooperation (APEC)? The Asia-Pacific Economic Cooperation (APEC) is an economic group of 21 members, formed in 1989, with the primary goal of promoting free trade and sustainable development in the Pacific Rim economies. Key Takeaways The Asia-Pacific Economic Cooperation (APEC) is a 21-member economic forum that was established in 1989.APEC

Instrument-Particular Integrated Circuit (ASIC) Miner

Instrument-Particular Integrated Circuit (ASIC) Miner

What Is an Application-Specific Integrated Circuit (ASIC) Miner? An application-specific integrated circuit (ASIC) is an integrated circuit chip designed for a specific purpose. An ASIC miner is a computerized device that uses ASICs for the sole purpose of “mining” digital currency. Generally, each ASIC miner is constructed to mine a specific digital currency. So, a

Agricultural Sector Investment Program (ASIP) Definition

Agricultural Sector Investment Program (ASIP) Definition

What Is the Agricultural Sector Investment Program (ASIP)? The Agricultural Sector Investment Program (ASIP) was an economic development project initiated in March 1995 by the World Bank Group. The project directed $60 million in funds toward the improvement of agricultural productivity in Zambia and other African countries. Unfortunately, the project ended in 2001 after failing

Arab League

Arab League

Member Nations of the Arab League Algeria (1962)  Jordan* Oman (1971) Syria* Bahrain (1971) Kuwait (1961) Palestine (1976) Tunisia (1958) Comoros (1993) Lebanon*  Qatar (1971) United Arab Emirates (1971) Djibouti (1977) Libya (1953) Saudi Arabia*  Yemen* Egypt*  Mauritania (1973) Somalia (1974) Iraq* Morocco (1958) Sudan (1956) Source: Council on Foreign Relations *denotes a founding member state There are four nations

Arbitrage Bond Definition

Arbitrage Bond Definition

What Is an Arbitrage Bond? An arbitrage bond refers to the refinancing of a municipality’s higher interest rate bond with a lower interest rate bond prior to the higher interest rate bond’s call date. Key Takeaways An arbitrage bond is the refinancing of a municipality’s higher interest rate bond with a lower interest rate bond