IMF says global economic outlook getting ‘gloomier’, risks abound
Nov. 14, 2022 The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in…
Global debt levels rose ‘substantially’ in 2021- World Bank
Nov. 14, 2022 Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass…
Poor nations face peril over elusive G-20 debt relief push
OCTOBER 23, 2022 A failure to secure meaningful progress on a debt relief for the world’s poorest nations at the International Monetary Fund and World Bank annual meeting in Washington…
Policy mistakes could trigger worse recession than 2007 crisis – UNCTAD
October 4, 2022 The UN Conference on Trade and Development (UNCTAD) has warned against policy mistakes as they could trigger worse recession than the one witnessed in 2007. In a…
HOW DEBT-FOR-CLIMATE SWAP OFFERS RELIEF TO NIGERIA, AFRICA’S DEBT BURDEN – OSINBAJO
September 5, 2022 Vice President Yemi Osinbajo has said that if and when Nigeria’s idea for a Debt-For-Climate Swap deal, tabled last week in the US at different forums and…
U.N. chief calls for debt relief, post-COVID investment on West Africa trip
May 2, 2022 U.N. Secretary-General Antonio Guterres on Sunday urged debt relief for African countries and more investment to help their economies recover from the COVID-19 pandemic and weather the…
IMF hopes to mobilize $45 bln for new trust to aid broader range of countries
April 13, 2022 The International Monetary Fund hopes to mobilize around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with…
IMF board to consider $1.4 bln in funding for Ukraine on Wednesday – Georgieva
March 9, 2022 The International Monetary Fund’s executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond to Russia’s invasion, IMF…
War: ExxonMobil to exit Russia as World Bank, IMF ready more support for Ukraine
March 2, 2022 U.S. oil giant, ExxonMobil, says it will discontinue its current operations in Russia over the country’s invasion of Ukraine, swelling the number of multinationals that have served…
NIGERIA, TANZANIA UNITED ON NEED FOR GLOBAL PUSH AGAINST UNCONSTITUTIONAL CHANGE OF GOVTS IN WEST AFRICA, JUST ENERGY TRANSITION
Feb. 27, 2022 Vice President Yemi Osinbajo and his Tanzanian counterpart Dr. Philip Isdor Mpango are united in their views regarding a just energy transition as the global community moves…