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Argentina is advancing a new IMF agreement through a decree to secure financial support essential for debt obligations. Under President Javier Milei, the government enforces austerity measures while negotiating potential …
Argentina Moves to Formalize IMF Deal Amid Economic Challenges Read More
Ghana will receive US$1.32 billion from the IMF and World Bank, covering 35% of its 2025 budget deficit. US$720 million will be from the IMF Extended Credit Facility, and US$600 …
Ghana Secures $1.32 Billion from IMF and World Bank to Mitigate Budget Deficit Read More
Brazil plans to leverage its $3.5 billion social fund to revitalize its economy amid plummeting approval ratings for President Lula. A recent poll revealed a significant drop in governmental support …
Brazil to Use $3.5 Billion Oil Fund for Economic Recovery Amid Low Ratings Read More
Petrobras, Brazil’s state oil firm, has announced a $283 million settlement to resolve a U.S. court dispute with EIG Energy Fund XIV concerning investments in FIP Sondas, which was a …
Petrobras Settles U.S. Court Dispute with EIG for $283 Million Read More
The World Bank’s report stresses the importance of economic diversification in Equatorial Guinea due to declining oil revenues and subsequent recession. It outlines measures, including enhancing human capital and governance, …
Economic Diversification Essential for Equatorial Guinea’s Growth Read More
Gold Reserve, a Canadian mining company, has filed a claim against Venezuela for over US$7 billion while also pursuing enforcement of a previous billion-dollar arbitration award against the state. Gold …
Gold Reserve Files Multibillion-Dollar Claim Against Venezuela Read More
In 2023, Mozambique allocated €1.1 million from mining and oil revenues to community programs, focusing on education, health, and local infrastructure, with notable allocations to specific communities like Nyamanhumbir, Benga, …
Mozambique Allocates €1.1 Million from Mining and Oil Revenues to Community Development Programs Read More
The World Bank advocates for economic diversification in Equatorial Guinea, emphasizing investment in human capital and strengthening institutions to mitigate economic decline. The latest report reveals the impact of falling …
World Bank Highlights Necessity of Economic Diversification in Equatorial Guinea Read More
The World Bank underscores the urgent need for Equatorial Guinea to diversify its economy away from oil dependence to foster sustainable growth. Declining oil revenues have led to recession and …
World Bank Advocates for Economic Diversification in Equatorial Guinea Read More
Brazil’s government has eased rules for accessing funds from the Workers’ Severance Fund (FGTS), allowing around 12 million workers to withdraw a total of 12 billion reais ($2.04 billion). This …
Brazil Eases Access to Workers’ Severance Fund for Dismissed Employees Read More