(Credit: Dark_Eni/iStock by Getty Images) July 1, 2025/IMFBlog IMF COUNTRY FOCUS Seychelles—a nation of 115 islands in the Indian Ocean—today enjoys a comparatively high degree of economic stability. Inflation is below 2 percent, real GDP has largely recovered from the pandemic, public debt is on course to reach the government’s […]
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AfDB Approves $474.6 Million Loan to Support South Africa’s Infrastructure Governance and Green Growth
The landmark financing backs infrastructure overhaul, renewable energy expansion, and climate resilience while safeguarding vulnerable communities July 1, 2025/AfDB The Board of Directors of the African Development Bank Group has approved a $474.6 million loan for South Africa’s Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone […]
Afreximbank Completes Upsizing of Reserve-Based Lending Facility for Oando to $375 Million
The upsizing will support Oando’s ambition to achieve production of 100,000 barrels of oil per day and 1.5 billion cubic feet of gas per day by the end of 2029 July 1, 2025/Afreximbank African Export-Import Bank (Afreximbank) has successfully completed upsizing its reserve-based lending facility in favour of Oando Oil […]
