Tuesday, 18 May, 2021 - 17:30
French President Emmanuel Macron and his wife Brigitte Macron welcome Angolan President Joao Lourenco, accompanied by his wife Ana Dias Lourenco, for a dinner with leaders of African states and international organizations on the eve of a summit on aid for Africa, at Elysee Palace in Paris, France, May 17, 2021. (Reuters) Asharq Al-Awsat
African leaders and the heads of multilateral lenders met in Paris on Tuesday to find ways of financing African economies hurt by the COVID-19 pandemic and discuss handling the continent s billions of dollars in debt.
The summit is part of French President Emmanuel Macron s efforts to recast France s engagement in Africa, where it was once a colonial power, at a time when the continent faces a near 300-billion-dollar deficit by the end of 2023 while trying to recover from the downturn.
Macron hosts summit on financing Africa s post-pandemic recovery netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Macron hosts summit on financing Africa s post-pandemic recovery reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Modern Diplomacy
Published 4 hours ago
The World Bank approved today a $100 million grant from the International Development Association (IDA) in support of the Government of Mozambique’s Economic Linkages for Diversification Project, which supports Micro, Small, and Medium Enterprises (MSMEs) develop their capacitities to provide goods and services to larger businesses, as well as serve the growing cities in the center and north of Mozambique, thus fostering linkages and economic diversification.
“Mozambique’s growth has been driven by Foreign Direct Investments (FDI) into capital-intensive industries, which has not translated into adequate levels of job creation,” noted Idah Z. Pswarayi-Riddihough, World Bank Country Director for Mozambique, Madagascar, Comoros, Mauritius, and Seychelles.