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Tag: SOVEREIGN WEALTH FUND

Technology

World Bank Advocates for Economic Diversification in Equatorial Guinea

March 4, 2025March 4, 2025 - by Marcus Chen - Leave a Comment

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
Companies

Brazil Eases Access to Workers’ Severance Fund for Dismissed Employees

March 1, 2025March 1, 2025 - by Sofia Nawab - Leave a Comment

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
Companies

Petrobras Shows Renewed Interest in Exploring Angola’s Oil Potential

February 6, 2025February 6, 2025 - by Marcus Chen - Leave a Comment

Brazil’s Petrobras is interested in re-entering Angola after resuming exploration in Africa last year. Following recent agreements in São Tomé and Príncipe, Petrobras plans to leverage its expertise in offshore …

Petrobras Shows Renewed Interest in Exploring Angola’s Oil Potential Read More
Companies

China Asset Management Company Targets U.S. and Brazil for Fund Expansion

January 16, 2025January 16, 2025 - by Allegra Nguyen - Leave a Comment

China Asset Management Company plans to launch funds in the U.S. and Brazil, targeting retail investors despite potential geopolitical tensions. The firm is proactively seeking partnerships and has seen significant …

China Asset Management Company Targets U.S. and Brazil for Fund Expansion Read More
Business / economics

Suriname President Launches Oil Royalties Program for Citizens

December 27, 2024December 27, 2024 - by Marcus Chen - Leave a Comment

On Monday, Suriname’s President Chan Santokhi unveiled the “Royalties for Everyone” program to distribute profits from the country’s oil and gas reserves. Amid expectations of $10 billion in revenue over …

Suriname President Launches Oil Royalties Program for Citizens Read More
Companies

CAF Approves US$1,010 Million Development Funding for South America

December 11, 2024December 11, 2024 - by Marcus Chen - Leave a Comment

On October 24, 2005, the Andean Development Corporation (CAF) approved US$1,010 million for projects in Bolivia, Brazil, Colombia, and Ecuador aimed at fostering development and strengthening the regional banking system. …

CAF Approves US$1,010 Million Development Funding for South America Read More
Business / Companies / economics

IMF Advocates for Treasury Single Account and Tax Reforms in Congo for New Financing Agreement

November 19, 2024November 19, 2024 - by Liam Nguyen - Leave a Comment

The IMF urges the DRC to streamline financial management by establishing a Treasury Single Account as a condition to secure $2.87 billion in new funding over three years. This consolidation …

IMF Advocates for Treasury Single Account and Tax Reforms in Congo for New Financing Agreement Read More
Companies

Tanzania Secures Funding for SGR Link to Burundi

November 14, 2024November 14, 2024 - by Sofia Nawab - Leave a Comment

The Tanzanian government has secured funding for the construction of a Standard Gauge Railway segment linking Tanzania to Burundi. International financial institutions, including Standard Chartered and AfDB, are supporting this …

Tanzania Secures Funding for SGR Link to Burundi Read More

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