W/Bank To Invest $150bn In Africa       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...

AfDB To Invest $3bn In Africa’s Pharmaceutical Industry         The African Development Bank (AfDB) has said it would invest 3 billion dollars to build Africa’s pharmaceutical industry in the next 10 years. President of the AfDB, Dr Akinwumi Adesina, said this at a virtual Finance in Common...

COVID-19: IMFC Endorses Extension Of Debt Service Relief For 6 Months         In its commitment to curtail the effect of coronavirus, COVID-19 pandemic on the less developed economies, International Monetary and Financial Committee, IMFC of International Monetary Fund, IMF has expressed its support for a debt...

World Bank, IMF Plan debt reduction for IDA countries The World Bank and International Monetary Fund (IMF), have proposed to undertake a joint action plan on debt reduction for the most indebted International Development Association (IDA) countries. Mr David Malpass, the President, the World Bank Group,...