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World Bank cautions Nigeria, others against Eurobonds

The World Bank on Wednesday warned Nigeria that Eurobonds and other private sector market or sovereign debt instruments can worsen its debt-to-gross domestic product (GDP) ratio. Although...

World Bank raises first bond worth $1.5bn Bonds

World Bank’s International Development Association (IDA) on Tuesday in Washington DC, launched a 1.5 billion-dollar bond, the first in its nearly 60-year history. The World Bank Group...

Mozambique Wants Foreign Creditors Held Accountable For Undisclosed Debts

 Mozambique will assume responsibility for debt incurred by previous administrations, but there needs to be a shared responsibility by those providing the loans, the country’s President Filipe...

Nigeria, Global Bodies Adopt Move To Stop Illicit Financial Flows In...

(Photo: The Sun) The Organisation for Economic Cooperation and Development (OECD) and the World Bank Group, have agreed on high-level collaborations with Nigeria and other African countries...

Nigerian Economy Still Vulnerable —-IMF

Nigeria's economy remains vulnerable, though policies and favourable oil prices have helped it to overcome a recession, the IMF has said.  Disclosing this position yesterday, the International...

AfDB Signs $700m Development Loan Agreement With Japan

The President, African Development Bank (AfDB), Dr Akinwumi Adesina, said that the Japan International Cooperation Agency (JICA) has signed a 700 million dollar loan agreement with...

African Economy To Grow Faster By The Use Of Free Trade...

Africa’s economy is expected to grow 3.5 per cent in 2018, an increase of 0.3 percentage points from 2017, a UN official said recently. Speaking at 30th...

ICD Support African Economic Development.

The Saudi Arabia-based Islamic Corporation for the Development of the Private Sector (ICD) aims to raise $1 billion for a new sharia-compliant fund that will focus...
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