The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods as part of its climate change reduction measures December 14, 2023/AfDB The President of the African Development Bank Group Dr Akinwumi Adesina has reiterated his warning that the introduction of a carbon border tax […]
World News
Turning the Corner, Time to Move from Reforms to Results
Image Credit: World Bank December 13, 2023/World Bank The Government of Nigeria avoided a fiscal cliff by implementing bold reforms, including ending the gasoline (premium motor spirit, PMS) subsidy, and shifting to a unified, market-reflective foreign exchange (FX) rate. These essential reforms entail painful adjustments. They have led to an […]
IMF and World Bank Announce US$4.5 billion in Debt Relief for Somalia
December 13, 2023/IMF The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have approved[1] the Heavily Indebted Poor Countries (HIPC) Initiative Completion Point for Somalia, which provides total debt service savings for the country of US$4.5 billion.[2] Following HIPC Completion Point, Somalia’s […]
