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BEIJING, May 29, 2021 /PRNewswire/ -- International Finance Forum (IFF) starts its two-day 2021 Spring Meetings today. Entitled Global Governance and Development in the Post-Pandemic Era, the

/PRNewswire/ -- International Finance Forum (IFF) starts its two-day 2021 Spring Meetings today. Entitled Global Governance and Development in the...

Secretary-Generals remarks to UN Security Council Open Debate on Peace and Security in Africa: "Addressing root causes of conflict while promoting post-pandemic recovery in Africa" Format Thank you for the opportunity to brief the Council on the important subject of addressing the root causes of conflict while promoting post-pandemic recovery in Africa. Since the start of the COVID-19 pandemic, I have warned of the risks it poses to people and societies around the world, especially in countries...

France and the Perils of Tributary Pan-Africanism On By Obadiah Mailafia I WENT to school in France; the beneficiary of a prestigious French Government scholarship that enabled me to spend some of my most formative years in that wonderful country. I studied French Language and Civilisation in Vichy, in the Auvergne Region – the very heartland of France itself. I then did post-graduate studies in Economics, Public Administration and International Law in the incomparable City of Lights (Paris...

Malpass disclosed this on Tuesday at the Summit on Financing African Economies, held in Paris, France. With about $200 billion invested in Africa over the decade by World Bank, Malpass re-affirmed the bank’s commitment to financing development in Africa, stating that an additional $150 billion will be invested in Africa within the next five years. “Over the past decade, the World Bank Group has invested $200 billion in Africa, and over just the next five years, we intend to invest and mobil...

Buy out African bondholders with IMF tool - AfDB chief News24 19 May 2021, 05:12 GMT+10 International Monetary Fund resources should be used to buy out holders of African bonds and avert a crisis as a global push for debt relief runs aground, the head of the continents biggest multilateral lender said on Tuesday. Akinwumi Adesina, president of the African Development Bank, said the Common Framework - created by the Group of 20 leading economies to get private sector creditors involved in debt w...

English News and Press Release on World and 4 other countries about Health, Peacekeeping and Peacebuilding, Epidemic and more; published on 19 May 2021 by UN SG

Summit on the Financing of African Economies, Paris, 18 May 2021: Declaration Format The Covid-19 pandemic has led to an unprecedented economic crisis worldwide, with disastrous social consequences. After 25 years of continuous growth, Africa is severely hit and has suffered a recession in 2020. The International Monetary Fund (IMF) estimates that additional financing of up to $285 billion would be needed during 2021-25 for African countries to step up the spending response to the pandemic, wit...

Punch Newspapers Sections Published 19 May 2021 The President of World Bank Group, David Malpass, has said that the bank plans to invest $150 billion in Africa within the next five years towards promoting development on the continent. Malpass disclosed this on Tuesday at the Summit on Financing African Economies, held in Paris, France. With about $200 billion invested in Africa over the decade by World Bank, Malpass re-affirmed the bank’s commitment to financing development in Africa, stating...

Thank you for your very positive and accurate introduction to our debate. Mr. President, Mr. Vice President, Excellencies, Ladies and gentlemen, This past year has been unlike any other in living memory. The COVID-19 pandemic has already taken over three million lives. Some 131 million people have been pushed into extreme poverty. Unemployment has soared and billions saw their livelihoods vanish overnight. The most vulnerable in our societies – particularly women and young people – ha...