Day: January 26, 2023

Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

Mr Mohammed

Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself DAKAR, Senegal, January 26, 2023/ — The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of the Senegalese capital of Dakar. Adesina…

Measuring Multidimensional Poverty: Islamic Development Bank Institute (IsDBI), Islamic Solidarity Fund for Development (ISFD), and Oxford Poverty and Human Development Initiative (OPHI) Organize Training for Islamic Development Bank (IsDB) Group Staff

Mr Mohammed

Over 40 staff from the various IsDB Group entities attended the training sessions JEDDAH, Kingdom of Saudi Arabia, January 26, 2023/ — The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org), Islamic Solidarity Fund for Development (ISFD), and Oxford Poverty and Human Development Initiative (OPHI) jointly organized a training workshop on measuring multidimensional poverty. The workshop was designed to build the capacity of IsDB Group staff in producing data-driven research that supports evidence-based policymaking. The training was held on the 24-25 January 2023 at the IsDB Headquarters in Jeddah, Kingdom of Saudi…

Ghana’s domestic debt restructuring has stalled: four reasons why

Mr Mohammed

Published: January 25, 2023 11.45am SAST Author:Theophilus Acheampong Associate Lecturer, University of Aberdeen Ghana is facing multiple financial and economic challenges and has requested a US$3 billion bailout from the International Monetary Fund (IMF) to help it restore macroeconomic stability. This will include bringing public debt down to more manageable levels from the currently estimated 105% of GDP to 55% in present value terms by 2028. IMF assistance, which is yet to be approved by the fund’s executive board, is conditional on Ghana restructuring its public debt – domestic and external – which in turn requires the…