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WASHINGTON - The International Monetary Fund (IMF) chief said Thursday that the organization will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute...
Read moreA United Nations report(link is external) has found that more than 70% of Africa’s economies are at severe risk from Russia’s war in Ukraine. The African Development Bank is one of several...
Read moreMonique Nsanzabaganwa, Deputy Chairperson of the African Union Commission, and Yacine Fal, the African Development Bank Group’s Acting Vice President for Regional Development, Integration and Business Delivery, on Monday signed...
Read moreGhana will host the African Development Bank Group’s 2022 Annual Meetings from 23-27 May in its capital, Accra. This year’s meetings mark a return to in-person sessions following virtual meetings over the...
Read moreThe delegation is led by Acting Vice President, Regional Development, Integration and Business Delivery Yacine D. Fal. It includes Prof. Kevin Chika Urama, Acting Chief Economist and Vice President for...
Read moreThe US dollar is dealing with some of the same challenges that the British pound faced in the early 1900s, before it went into decline, Goldman Sachs said in a...
Read moreThe Board of Directors of the African Development Bank Group has approved a $7.5 million trade finance guarantee facility for the Central Africa Building Society (CABS) of Zimbabwe. This approval...
Read moreClaims in Chinese yuan amounted to $336.1 billion in the fourth quarter of 2021, accounting for 2.79% of the total allocated foreign exchange reserves, the International Monetary Fund’s (IMF) survey...
Read moreThe backbone of the German economy – its industry – would “collapse” should Berlin decide to impose an embargo on Russian gas, the president of the country’s industry association has warned. Appearing...
Read moreMoscow’s latest decision to switch to its national currency for gas payments was made to secure Russia’s ability to trade and to ensure that its producers receive their money despite...
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