Tag: World Bank

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Ghana misses restructuring target in blow to ailing currency

Ghana’s cedi, the world’s second-worst performing currency this year, is heading for more pain after the West African nation missed a self-imposed deadline to...

Some investors offering Ethiopia maturity extension on 2024 bond – sources

 An informal group of international bondholders has proposed to Ethiopia's government to extend the maturity of the country's $1 billion eurobond issue coming due...

US nominates former Mastercard boss to lead the World Bank

President Joe Biden of the United States has named the Indian-American businessman Ajay Banga as the US choice to lead the World Bank. The move comes as the US increases...

US to ‘quickly’ nominate candidate to lead World Bank, Yellen says

The United States intends to "quickly" nominate a candidate for the World Bank presidency who is committed to the lender's poverty reduction mission as...

G20 finance chiefs to discuss debt, crypto, inflation

G20 finance ministers and central bank governors will discuss debt troubles in developing economies, crypto currencies and global inflationary pressures at a meeting later...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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