Search

The article offers a brief report relating to Liberia's International Development Association (IDA) $16.5 million grant by the World Bank. The World Bank has approved the IDA grant to support the rebuilding of the rural roads and urban infrastructure while at the same time increasing job creation within the country.

The article reports that the main development partners of Gambia pledged financial assistance of US$175m over the next three years to support the poverty reduction strategy of the country. The contributions were announced during the end of a Round Table Conference in London on February 5-6, 2008 which were attended by the representatives of the 27 bilateral, multilateral and other donor agencies like Bretton Woods institutions. The announcement also includes prospects for additional funding from debt relief, grants and other financial resources.

The article reports on the economic assistance extended by the French Development Agency (AFD) to Guinea. AFD has released and disclosed Euros 9m to help rice growing in the mangrove area in the country. AFD has also declared that the project will provide an income source to over 50,000 people in the country.

The article reports on the economic assistance given by the United Nations International Fund for Agricultural Development (IFAD) to Senegal. IFAD has helped assemble and arrange a $47 million aid package to benefit small farmers who are suffering erratic rainfall, and eroding quality and falling prices of their main products in the country.

The article reports that the World Bank has given $84M to facilitate economic development and poverty reduction strategy in Rwanda. The money has been allocated and divided into several programs including Lake Kivu methane gas project, Kigali-Ruhengeri road rehabilitation program and projects to fight HIV/AIDS.

The article presents news briefs concerning international economic assistance to Africa as of July 16, 2006. The United States has granted funds to the Centre for Rehabilitation and Abolition of Torture. France has granted funds for the development of education and vocational training in Mauritania. The Dutch government has pledged a grant to the Nile Basin Initiative.

The article presents news briefs concerning economic assistance provided by the United Nations (U.N.) to African nations as of July 16, 2006. The World Bank Board of Executive Directors has approved an international development association grant to Burundi. The U.N. Development Program has granted funds to Rwanda for the development of its transport and communication sector. The World Bank has extended two loans to Tunisia.

The article reports on the European Commission's approval of a proposal for a package to support infrastructure projects in the 2008-2013 period in Africa. The funds would come from the 10th European Development Fund. The funds' aim is to support regional development in the priority areas of transport, energy, water, information technology and telecommunication in Africa.

Reports on the economic assistance provided by government agency for African country. Announcement of Dutch government to support the newly elected government in Burundi; Plan of the French Development Agency to boost private and public sector investment in Cameroon; Aid of four million from France as support for the ongoing recovery process in public finances and good governance in Central African Republic.

The article reports on the $1.1 trillion recovery plan proposed by the leaders of the world's 20 biggest economies to rescue the world economy at the G20 summit on April 2, 2009 in London, England. It states that the rescue package will include $850 billion of resources that will be channelled through global financial institutions to support the growth of emerging market and developing countries. Moreover, the allocations include lending increase of $100 billion by multilateral development banks, $50 billion for social protection and $6 billion for the world's poorest counties.

The article reports on the plan of the Southern African Development Community (SADC) to help raise US$8.3 billion from international donors to repair the battered economy of Zimbabwe at a summit on March 30, 2009 in Swaziland. It states that the 14-nation group have pledged to contribute to the proposed aid package, while South Africa has pledged US$30 million. Moreover, a committee tasked to visit the main capitals in Europe, Asia and Africa has been created at the SADC summit to help the economic recovery of Zimbabwe.

The article reports on the approval of $17.6 million grant by the African Development Bank (AfDB) Group to finance the Network of African Institutions of Science and Technology Project in the Economic Community of West African States (ECOWAS) on March 18, 2009. It states that the project aims to help African countries enjoy the benefits of increased supply of qualified engineers, scientists and researchers. Meanwhile, ECOWAS ministers meet on April 3, 2009 in Accra, Ghana to adopt a regional policy for the rehabilitation of victims of human trafficking in West Africa.

The article reports on the fund received by Rwanda from the International Monetary Fund (IMF) under the Poverty Reduction and Growth Facility (PRGF). The country is to receive $1.7m that brings the total amount received to $5.1m under the PRGF which is almost half of the total amount to be receive from IMF over a three-year period. Meanwhile, IMF's Murilo Portugal mentions several challenges that needed to be solved by the Rwandan government which include management of grant-financed fiscal expansion without threatening macroeconomic stability, avoidance of increasing inflation, and others.

The article reports on the economic progress of Rwanda since the 1994 genocide. Although, still among the world's poorest countries, the country has made significant progress. But economic experts recommend that economic assistance from the international community is still needed. The Rwandan government has overtly committed itself to promoting private investment as an engine of development.

Focuses on the views of Finance Minister Theodore Dabanga that the economy would go through a financial crises due to the fall of treasury revenue in the Central African Republic. Claim of Dabanga that country relies on taxation and custom duties to keep its economy afloat; Importance of the country to correct discrepancies arising from the wage bill and low revenues in order to avail economic assistance from the International Monetary Fund, World Bank, and the African Development Bank; Insights on the support given by the European Union on the regime of President Francois Bozize.

Discusses an International Monetary Fund report indicating that continued mistrust among island governments in the Comoros is hampering economic growth in 2005. Outcome of an IMF visit to the Indian Ocean archipelago in November 2004; Rate of economic growth from 2001.

Reports on developments in the financial assistance in Africa by European Union and UN. Amount of contribution by EU to Benin; Donation received by Somalia for the new government to facilitate relocation from Nairobi to Somalia; Approval by World Bank of a loan to Ethiopia for a project aimed at developing a private sector capacity with the aim of creating conditions to improve productivity and competitiveness of the public sectors.

Reports on the funds released by International Monetary Funds for Burkina Faso. Economic performance of the country; Impact on the downfall of cotton and oil increase prices on the economy of Burkina Faso; Actions of the government in respond to economic condition.

Reports that the economic development aid promised by the European Union following its proposal to cut sugar prices to African, Caribbean and Pacific (ACP) producers is unlikely to benefit Southern African countries. Recommendation for a direct income support for European Union sugar beet growers from its agricultural budget; Proposal of the European Commission; Sugar trade agreements between ACP countries and the European Union; Plan of Swazibank to reduce lending to sugarcane-based businesses

Reports on the Executive Board of the International Monetary Fund's (IMF) approval of a three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) for Mali. Total amount for the support of the Mali government's economic program into 2007; Components of the PRGF program of the IMF; Comments of Agustin Carstens Deputy Managing Director of IMF, on factors contributing to Mali's economic growth.

The article reports on the investment by World Bank of Ugandan shillings 750 billion in Uganda. The investment will be used to increase productivity of enterprises, access to secondary education and basic health services. Projects that will be benefited from the funds are the Rural Transformation, health projects and the Northern Uganda Social Action Fund.

The article reports on the framework by the International Monetary Fund for the Policy Support Instrument, or PSI. The framework design for the PSI are intended for low-income countries who may not need financial assistance from the IMF but needs the IMF for endorsement for their policy frameworks. Programs by the PSI are intended to help low-income countries through the poverty reduction strategies, which involves the civil society and its development partners. PSI's are renewed annually, even if it disregards the status of the programme.

The article reports on the Policy Support Instrument arrangement of Tanzania for its strong economic performance. Tanzania's Policy Support Instrument arrangement was approved on February 16, 2007. It aimed to secure Tanzania's strong economic performance. Tanzania's Policy Support Instrument arrangement also applied the market-oriented policies within a suitable macro-economic framework. The review of the International Monetary Fund on Tanzania's PSI arrangement which was completed on December 21, 2007 is also mentioned.

The article reports that the China-Africa Development Fund worth $5bn, which is noted by Beijing as an economic assistance, will be utilized for Chinese enterprises and its projects for Africa. Relative to this, development experts believes that this tying aid to purchasing services and goods from the donor country is inefficient and wasteful while majority of the donor governments have been abandoning it because they that tying aid minimizes its effectiveness by as much as a quarter. On the other hand, most of the aid assistance of Beijing to Africa requires the construction of infrastructure and other contracts to be divided up.

The article reports that the first dialogue session between the United Nations Secretary-General's Advisory Board on Water and Sanitation (UNSGAB) and African Stakeholders ended on December 15, 2006 in Tunis, Tunisia with the signing of a joint statement between UNSGAB and the African Development Bank (ADB) Group.

The article reports on the completion of the International Monetary Fund's (IMF) first review of Sao Tome and Principe's economic performance under their three-year Poverty Reduction and Growth Facility Arrangement. The IMF approved the arrangement and commented that the goal is to develop strong institutions and transparent oil revenue management.

Reports that the International Monetary Fund will release 35 million dollar of aid money to Kenya.