June 9, 2020//-The economic impact of the COVID-19 pandemic has led to the loss of millions of jobs in the developed and developing world. Migrant workers are among the most directly affected.
Category: Investing
On Tapping Local Production to Weather COVID-19 Crisis
Accra, Ghana, June 8, 2020//-The Chief Executive Officer of Ghana Investment Promotions Centre (GIPC), Yofi Grant has granted an interview to Oxford Business Group on Ghana’s response to the COVID-19 pandemic.
Lifelines In Danger
Ralph Chami: Umbilical Cord of Remittances Under Threat The COVID-19 pandemic threatens to dry up a vital source of income for poor and fragile countries June 8, 2020//-The COVID-19 pandemic is crippling the economies of rich and poor countries alike. Yet for many low-income and fragile states, the economic shock will be magnified by the […]
African Dev’t Bank Approves $288.5 Million for Nigeria COVID-19 Response Program
Abidjan, Ivory Coast, June 6, 2020/ — The Board of Directors of the African Development Bank on Friday approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses.
Coronavirus: Africa Needs AfCFTA To Transform Its Economies
June 6, 2020//-Of all the legacies of colonialism, one of those which has most hampered economic growth and the alleviation of poverty is fragmentation – neighbours with different currencies, regulations enabling trade with Europe but not with other Africans, and a neglect of intra-African transport and infrastructure links to facilitate this trade.
U.S Demands Probe Of AfDB Chief’s Conduct
June 4, 2020//-African Development Bank (AfDB) president Dr Akinwumi Adesina’s hopes of securing a second term hang in the balance after the United States government demanded an independent probe into his conduct.
UCC Business School e-Seminar on COVID-19: Dr Ali-Nakyea Backs Citizens to Question Tax Exemptions
Cape Coast, Central Region, Ghana, June 4, 2020//-Dr Abdalah Ali-Nakyea, Managing Partner at Ali-Nakyea & Associates, a leading Ghanaian tax consultancy firm has backed citizens to question the unbridled tax exemptions which are pervasive in the country.
COVID-19 Crisis: How South-South Cooperation Can Support Economic Recovery
June 3, 2020 – The COVID-19 crisis is stress testing the capacity of governance arrangements to deal with unexpected shocks.
IFC, IDB Invest Co-lead a $1.1 Bln Financing to Celulose to Promote Growth of Brazilian Pulp Industry
São Paulo, Brazil, June 2, 2020// – IFC, a member of the World Bank Group, and IDB Invest, a member of the IDB Group, are co-leading a $1.1 billion financing to LD Celulose S.A., a joint venture between Lenzing AG and Duratex S.A to build one of the largest dissolving wood pulp plants in the world, […]
World Bank Report: Countries Can Take Steps Now to Rebuild from COVID-19
Washington DC, U.S, June 2, 2020// – The coronavirus disease 2019 (COVID-19) pandemic and the economic shutdowns are dealing a severe blow to the global economy and especially poorer countries.