December 19, 2016/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement: “Today’s decision of Ukrainian authorities to nationalize PrivatBank is an important step in their efforts to safeguard financial stability. This decision was taken to ensure the smooth operations of the bank given […]
World News
World Bank units add $517 mln to Ghana oil, gas project financing
December 16, 2016/Reuters The World Bank Group said on Thursday it two of its units would provide another $517 million to Ghana in debt and guarantees to support the $7.7 billion Sankofa oil and gas project developed by Italy’s ENI SpA and upstream trader Vitol Ghana. The financing adds to […]
Nigeria’s distributable revenue fell by 7.8 percent in November
December 16, 2016/Reuters Nigeria’s distributable revenues to the government fell in November by 7.8 percent to 387 billion naira ($1.27 billion) as militant attacks shut down Niger Delta oil pipelines and cut earnings, the accountant general has said. Nigeria, which has Africa’s biggest economy, is an OPEC member that relies […]
