In the role of champion, Adesina will lead the mobilisation of political and economic support for the initiative January 12, 2021/AfDB African Development Bank (www.AfDB.org) President Akinwumi A. Adesina has been announced as a champion of Africa’s Great Green Wall (GGW) initiative. The appointment was made at a forum held […]
World News
World Bank Appears Less Optimistic About Growth Prospects Across the Globe
January 11, 2021/Proshare By CSL Research Recently, the World Bank published its January 2021 global economic prospects. The bank expects global growth to expand by 4% in 2021 from an estimated 4.3% contraction in 2020. In the report, the World Bank expressed concerns about the recovery phase of many economies, […]
IMF Executive Board Discusses the Adequacy of the Fund’s Precautionary Balances
January 8, 2021/IMF The Executive Board of the International Monetary Fund (IMF) on October 30, 2020, reviewed the adequacy of the Fund’s precautionary balances.[1] Precautionary balances, comprising the Fund’s general and special reserves [2] and the Special Contingent Account (SCA-1), are one element of the IMF’s multi-layered framework for managing […]
