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On 25 April EIB President Werner Hoyer participated in the United Nation’s Economic and Social Council (ECOSOC) Forum on Financing for Development. Together with Mrs Rebeca Grynspan, Secretary-General of United Nations Conference on Trade and Development, Mr Aiyaz Sayed-Khaiyum, Minister of Economy of Fiji and others, President Hoyer discussed how the availability of sustainable finance can be ensured despite current and future threats.

China holds nearly $6 billion in Zambian debt, while the IMF and other international agencies collectively hold slightly more than $2 billion.

India has suggested to the IMF and World Bank to temporarily give Sri Lanka – grappling with its worst financial crisis – the tag of a lower-income country to help the island nation restructure its debt.

South Africa’s Minister of Finance Mr. Enoch Godongwana led a South African delegation to the 2022 Spring Meetings of International Monetary Fund (IMF) and the World Bank Group (WBG), held from 18th April to 23rd April 2022. The overarching theme of the IMF meetings was “the global economy under stress: repercussions, response and resilience”. The WBG meetings concentrated on “investing in resilience, managing uncertainty: helping countries build a greener more inclusive ...

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BEIJING: The economy of Shanghai, China’s most populous city, slowed in the first quarter of 2022, hurt by rare declines in industrial output and retail sales that were hammered by the country’s most serious COVID outbreak. Shanghai’s gross domestic product grew just 3.1 percent in the first quarter from a year earlier, the local statistics bureau said on Saturday,

The World Bank and the International Monetary Fund (IMF) have disclosed plans to fast track the implementation of the G20 debt relief scheme. The

Download logoMoroccan Minister of Economy and Finance Ms. Nadia Fettah, Chair of the African Caucus, and Ms. Kristalina Georgieva, Managing Director of

By Andrea Shalal and David Lawder WASHINGTON (Reuters) - As the world's dominant creditor, China must demonstrate leadership in addressing the growing

Ms Sri Mulyani Indrawati welcomed news that China would join a creditor committee for Zambia. . Read more at straitstimes.com.