Category: Worldbank
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IMF review mission to Zambia tentatively scheduled for mid-April
Zambia is planning to start rationing electricity next week as a devastating drought that has been declared a national disaster affects hydropower generation, as well as food production NEW YORK – The International Monetary Fund will assess the economic impact of a devastating drought on Zambia in a visit tentatively scheduled for mid-April, the fund…
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Washington Wants to Revive a Critical Minerals Mega-Railway Through Africa
The move comes straight out of China’s Belt-and-Road playbook. As geopolitical tensions electrify the global scramble for critical minerals—the raw materials that underpin advanced defense systems and clean energy technologies—the United States and China have been racing to expand their influence over the mineral market in Africa. The world’s F-35 fighter jets, electric vehicle (EV)…
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Guinea’s transition back to a democratic path
This will be a pivotal year for charting the trajectory of Guinea’s transition back to a democratic path. A military junta led by Colonel Mamady Doumbouya seized power from Guinea’s first democratically elected president, Alpha Condé, in September 2021. As part of a 10-point transition roadmap negotiated with the Economic Community of West African States…
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Three West African Nations Withdraw from ECOWAS, Citing “Inhumane” Sanctions
In a surprise move that sent shockwaves through the region, Mali, Burkina Faso, and Niger announced their immediate withdrawal from the Economic Community of West African States (ECOWAS) on January 28th, 2024. This unprecedented decision followed months of tensions with the regional bloc, stemming from the military coups that brought the current governments to power…
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New Financing to Support 900,000 Farmers and Road Users for Economic Transformation in Liberia
WASHINGTON, December 22, 2023 – The World Bank Board has approved a Second Additional Financing for the Rural Economic Transformation Project (RETRAP-AF II). This financing is funded by an International Development Association (IDA)* credit of US$76 million from its Scale-Up Window (SUW) and $9 million grant from the KfW Development Bank through the Liberia Reconstruction…
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