Economy

Somalia receives debt relief, World Bank and IMF call for global payment suspension

Somalia debt reliefThe United Nations official in Somalia congratulated the Horn of Africa nation for achieving the benchmark set by the World Bank and the International Monetary Fund (IMF), confirming its eligibility for debt relief

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COVID-19 and the consequences for Africa

AdobeStock 329115246resizedThe African continent has been hit later than other regions from the pandemic, but it’s becoming a major challenge 

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AfDB to provide policy-based operation to boost Somalia’s economy

Somalia AfdB ArrearsArrears on loans owed by Somalia to the African Development Bank (AfDB) Group have been cleared following the payment in full of US$122.55mn by the governments of the UK and the European Union

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C20 calls on G20 leaders to respond to labour market changes

C20 G20Following the ongoing global challenges, G20 leaders need to uphold the principles of human rights, civic engagement and democracy, according to Civil Society 20 (C20), one of the eight official Engagement Groups of the G20

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African finance ministers call for coordinated COVID-19 response

AFM COVIDAfrican finance ministers met on 19 March in a virtual conference to exchange ideas on the efforts of their respective governments in dealing with the social and economic impacts of COVID-19

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