JMMB is the first bank to deploy the latest version (v3.0) of Stanchion’s Digital Payments platform, VERTO. VERTO is used by financial organisations globally and provides payment orchestration, data transformation and enrichment services.
International Finance
IMF Approves US$67.38 Million in Emergency Support to Equatorial Guinea to Address the COVID-19 Pandemic and Accidental Explosions
The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 47.25 million (about US$67.38 million, 30 percent of quota) to Equatorial Guinea under the Rapid Financing Instrument (RFI). The disbursement will help meet the urgent fiscal and… Read More ›
IMF Reached agreement with the Gambia on policies
A team from the International Monetary Fund (IMF), led by Mr. Ivohasina Fizara Razafimahefa, Mission Chief for The Gambia, held a virtual mission with the Gambian authorities during March 22—April 1, 2021 to discuss the second review of The Gambia’s economic program supported by the IMF’s Extended Credit Facility (ECF).
African Development Bank Group Approves EUR400 million Lusophone Compact Guarantee program to boost private sector development
The Board of Directors of the African Development Bank (www.AfDB.org) Group on Wednesday approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million.
Why one of three African candidates fits the bill as the new head of the WTO
The next director-general of the World Trade Organisation (WTO) will replace Brazilian Roberto de Azevedo, who has served since 2013 and plans to step down at the end of August, a year before the conclusion of his term.
Seychelles: AfDBextends $10 million loan to support COVID-19 responses as economy reopens
The Board of Directors of the African Development Bank on Monday approved a $10 million loan to the Republic of Seychelles to support the government’s COVID-19 response program.
African Development Bank Group unveils $10 billion Response Facility to curb COVID-19
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic.
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