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Saudi Arabia and Qatar announced on Sunday that they will pay off Syria’s $15 million debt to the World Bank, aiming to accelerate the country’s recovery. The action is expected …
Saudi Arabia and Qatar to Settle Syria’s $15 Million Debt to World Bank Read More
Argentina’s peso fell over 11% against the US dollar after President Milei’s government eased currency controls for a $20 billion IMF bailout. The decision poses political risks with elections approaching …
Argentina’s Peso Declines Sharply Following Eased Currency Controls Read More
In 2024, Nigeria allocated $2.32 billion for debt servicing to the World Bank and IMF, a sharp increase from $998.92 million in 2023. Servicing payments to the IMF reached $1.63 …
Nigeria Allocates $2.32 Billion for Debt Servicing to World Bank and IMF in 2024 Read More
Gabon is conducting its first presidential election since the 2023 coup that ended the Bongo family’s long-standing rule. General Brice Oligui Nguema, now head of the transitional government, is favored …
Gabon Set to Vote in Inaugural Presidential Election Following 2023 Coup Read More
The IMF warns that St. Vincent and the Grenadines and other low-income countries face economic collapse due to rising debt distress, exacerbated by the COVID-19 pandemic. With a crucial debt-service …
IMF Warns of Potential Economic Collapse in St. Vincent and the Grenadines Read More
Argentina is negotiating an upfront payment of a significant portion of a US$20 billion IMF agreement. The negotiations focus on the disbursement size and timing, with frontloading sought to enhance …
Argentina Pursues Upfront Payment from IMF Amid Negotiations Read More
The World Bank is set to approve a total of $632 million in loans for Nigeria, focusing on nutrition and basic education. This comes amidst concerns regarding Nigeria’s rising debt, …
World Bank Set to Approve $632 Million Loan Package for Nigeria Read More
Argentina has requested a $20 billion loan from the IMF to support its currency while managing foreign reserves. The country is also in talks with the World Bank and the …
Argentina Requests $20 Billion Loan from IMF Amid Economic Struggles Read More
Argentina is negotiating a $20 billion loan from the IMF as it faces economic turmoil and significant currency depreciation. The government is also seeking additional support from the World Bank …
Argentina Pursues $20 Billion IMF Loan Amid Economic Challenges Read More
Argentina has requested a $20 billion loan from the IMF to stabilize its currency and maintain foreign reserves. Additionally, negotiations for further assistance from the World Bank and IDB are …
Argentina Seeks $20 Billion Loan from IMF to Stabilize Economy Read More