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.
International Finance
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.
COVID-19: The WB Group and IMF suspend debt payments from IDA countries
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.
World Bank Group Increases COVID-19 Response to $14 Billion To Help Sustain Economies, Protect Jobs
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.
Somalia: African Development Bank Group approves framework to clear nation’s arrears
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.
AfDB signs five-year agreement to use FIDIC standard contracts
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.
