March 23, 2021/Cordros Report Faced with the dilemma of (1) maintaining an accommodative monetary stance to stimulate economic growth or (2) hiking interest rates to tame rising inflationary pressures, the Monetary Policy Committee (MPC) voted to hold all key parameters constant. However, unlike the previous meeting where the Committee reached […]
Updates
Q4 2020 External Debt Data: World Bank Heads the FGN’s External Creditor List
March 23, 2021/Proshare By FBNQuest Research We learn from the DMO’s quarterly data releases that the FGN’s external debt obligations increased by USD1.36bn in Q4 ’20 to USD33.35bn, equivalent to 8.4% of annual GDP. This was largely explained by a rise in net borrowing from the World Bank Group (USD790m) […]
Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report
The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa March 23, 2021/AfDB The African Development Bank and the Climate Investment Funds [CIF (https://bit.ly/3vSPNtq)] have joined forces (https://bit.ly/2OQ4QU9) to produce a study of the role of green banks and […]
