The World Bank Group and International Monetary Fund (IMF) have called on all official bilateral creditors to suspend debt payments from IDA countries that request forbearance.
The World Bank and IFC’s Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19.
The African Development Bank and African Development Fund on Wednesday approved a framework for $122.55 million to clear Somalia’s arrears, paving the way for the Bank Group to fully reengage with Somalia and opening opportunities for enhanced financing for the country.
The International Federation of Consulting Engineers (FIDIC) (FIDIC.org) has secured a major agreement with the African Development Bank (AfDB.org) that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years.
Global economic growth is forecast to edge up to 2.5% in 2020 as investment and trade gradually recover from last year’s significant weakness but downward risks persist, the World Bank says in its January 2020 Global Economic Prospects.
The Nigerien authorities and the IMF team reached staff-level agreement for the completion of the fifth review of the ECF-supported program.
New Mission Chief of the International Monetary Fund, IMF, to Sierra Leone, Ms. Karen Ongley, and its Resident Representative, Dr Monique Newiak, have met President Julius Maada Bio to discuss further ways of partnership.