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By Rachel Savage and Jorgelina do Rosario LONDON (Reuters) - China has committed to joining Zambia's creditor committee, International Monetary Fund m...

South Africa has an opportunity to influence the World Bank’s relations with Africa.

By Rachel Savage and Karin Strohecker LONDON (Reuters) - Energy prices that have soared since Russia's war in Ukraine are a "major concern" for South ...

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

President Cyril Ramaphosa recently appointed a senior South African politician, Ayanda Dlodlo, to serve a two-year term as a member of the World Bank’s 25-person Board of executive directors. She will represent a constituency consisting of Angola, Nigeria and South Africa. Dlodlo has previously held two cabinet positions – as minister of public service and administration and state security.

<p><span>The IMFC recalls that on March 2, the United Nations General Assembly by a majority of 141 countries adopted the resolution ES-11/1 “Aggression against Ukraine” </span><span>that “deplores in the strongest terms the aggression by the Russian Federation against Ukraine in violation of Article 2 (4) of the Charter” and “demands that the Russian Federation immediately cease its use of force against Ukraine&a...

(Bloomberg) -- Zambia, the first African nation to default in the pandemic era, has done what it needs to start restructuring talks over as much as $17.3 billion of external debt, and now needs creditors to participate, according to the country’s finance minister.

<p><span>Thank you for being here. This has been a very productive week and I’d like to thank the IMF and World Bank – as well as my counterparts in Germany and Indonesia at the G7 and G20 respectively – for their leadership this week.</span></p>

The effects of the war will propagate far and wide, adding to price pressures and exacerbating significant policy challenges.