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The International Monetary Fund, IMF, has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers' Programme of the Central Bank of

ABU DHABI, 23rd June, 2022 (WAM) -- Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, participated on Wednesday in the 43rd session of the Ministerial Council of the OPEC Fund for International Development (OFID). The meeting, which was held virtually, sought to discuss the latest developments in work progress and the level of achievement in OFID's plans and projects in 2021. Al Hussaini lauded the efforts made by the OFID to bolster means of cooperation among member states and various developing countries around...

The central bank said it would also purchase bonds worth Rs 40,000 crore, including state development loans worth Rs 10,000 crore, under the ongoing GSAP 1.0 through an auction on June 17.

AfDB Board of Directors approves borrowing programme for 2021 On Kindly Share This Story: The Board of Directors of the African Development Bank (AfDB) has approved the Bank’s 2021 Borrowing Programme for up to US$10.4 billion to be raised from capital markets. A statement from the bank said the borrowing programme will allow the Bank to raise funds in the debt capital markets in order to help finance its projects and programmes in Africa. The approval was made on December 11, 2020, the statement said. The statement said AfDB is active in various international capital markets, including th...