Author: Marketforces Africa

The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development

Tanzania Gets $150m Loan from IMF Today, the Executive Board of the International Monetary Fund (IMF) completed the second review of the Extended Credit Facility (ECF) Arrangement for Tanzania, which was approved in July 2022 for total access of SDR 795.58 million (200 per cent of quota- about US$ 1,046.4 million) at the time of program approval. The completion of the second review allows the immediate disbursement of SDR 113.37 million (about US$ 150.5 million), bringing Tanzania’s total access under the arrangement to about US$ 455.3 million. The arrangement aims to support economic recovery, preserve macro-financial stability, and promote sustainable…

Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion

The Chairman Senate Committee on Banking, Insurance and other Financial Institutions ….

The Nigeria Data Protection Commission (NDPC) launched the Nigeria Data Protection Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027) on Wednesday in Abuja.

UN calls for immediate ceasefire in Gaza, Biden warns Israel losing support The United Nations on Tuesday demanded humanitarian ceasefire in the Gaza Strip as U.S. President Joe Biden warned Israel it was losing international support because of its “indiscriminate” bombing of civilians in its war against Hamas militants. After dire warnings by UN officials about a deepening humanitarian crisis in Gaza, the 193-member UN General Assembly passed a resolution calling for a ceasefire with 153 countries voting in favour and 23 abstaining. The U.S. and Israel, which argue a ceasefire only benefits Hamas, voted against the measure along with…

Leaders of the United States and Israel expressed disagreement on the future of the Gaza Strip after the end of the war, as UN officials reported on ever more dire conditions in the Palestinian territory.

The National Council on Privatization (NCP), on Tuesday constituted an ad hoc committee to fast track the restructuring and resuscitation of the Bank of

The National Council on Privatisation (NCP) under the Chairmanship of the Vice-President Kashim Shettima has approved the 2024 work plan for the Bureau of Public Enterprises (BPE).

The Gombe State House of Assembly on Tuesday passed N208.064 billion as the state’s budget for 2024, reflecting