Tuesday, March 31, 2020
Home > NEWS > Foreign News

World Bank, IMF Call for Debt Relief for Poor Countries to Stem Covid-19

By Mathew Dadiya, AbujaThe World Bank Group and the International Monetary Fund, Friday, urged official bilateral creditors to provide immediate debt relief to the poorest countries facing COVID-19. This, the World Bank group and other international creditors believed would enable these 56 poor nations to prioritize their spending to curtailing the

Read More

Afreximbank Announces $3bn Fund to Mitigate COVID-19 Effect on Africa

By Mathew Dadiya, Abuja The African Export-Import Bank (Afreximbank) has announced a $3 billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal with the economic and health impacts of the COVID-19 pandemic. Obi Emekekwue, Director and Global Head, Communications and Events Management at the Afreximbank in a

Read More