Updates

COVID-19-Joint Statement by the Chair of IMFC, IMF MD

March 27, 2020/IMF International Monetary and Financial Committee Chair Lesetja Kganyago and International Monetary Fund Managing Director Kristalina Georgieva issued the following statement following today’s conference call of the International Monetary and Financial Committee. “We are in an unprecedented situation where a global health pandemic has turned into an economic […]

AfDB launches record breaking $3 billion “Fight COVID-19” Social Bond

Landmark transaction, largest Social bond transaction to date in capital markets‘ March 27, 2020/AfDB The African Development Bank (AAA) (www.AfDB.org) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.   The […]

Nigeria Long-Term Rating Lowered To ”B-” On Weakening External Position

Culled–Proshare March 27, 2020 By S & P Global Ratings   Overview Significantly lower international oil prices following the collapse of the OPEC+ deal on March 6, and lower demand tied to the coronavirus pandemic, have led us to sharply revise down our forecast for oil prices. Lower oil prices […]