The Board of Directors of the African Development Bank has approved a $1 billion exposure exchange with the Asian Development Bank. The transaction will support its efforts to unlock additional sovereign lending headroom. It will also bolster continued efforts to create buffers within the African...
What? Launch of North Africa Economic Outlook 2023 report
Who? African Development Bank, North Africa Regional Office
When? 27 July 2023, 10:00 -12:00 Tunis time (GMT +1)
African Development Bank Group President Dr Akinwumi Adesina has completed a two-day official visit to Zambia where he met with President Hakainde Hichilema to discuss further support for the country as it emerges from a successful $6.3 billion debt restructuring for bilateral debtors, under the G20 Common Framework on debt...
The Co-Financing, Syndications and Client Solutions (FIST) department is proud to announce the 2022-23 Financial Products Handbook, an outstanding tool for increasing the origination of new transactions. This product will provide Bank Group task managers with quick project support when dealing with...
What:
Launch of African Development Bank’s Regional Economic Outlook 2023 Report for Southern Africa
Who:
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Kingdom of Lesotho. Lesotho’s economy continues to face a number of challenges in the wake of the pandemic. Climate shocks, delays to infrastructure projects, high food and fuel prices, declining diamond prices, layoffs in the textiles sector, and weak regional and external demand are weighing on activity. High public expenditure also continues to distort incentives and hinder private sector development.
IMF Notes No 2023/003
