WORLD AFFAIRS

Why Pope Benedict XVI Resigned

By Akin Akande, Abuja Catholic Secretariat of Nigeria (CSN) yesterday reacted to the resignation of Pope Benedict XVI, saying it was due to old age and failing strength, and not for any particular kind of terminal illness, moral or legal guilt or political pressure. The Pope was quoted as having expressed his desire to resign […]

Developing Countries Lose Estimated $40Bn To Corruption Yearly-World Bank

By Bamidele Obafemi Jim Yong Kim, President of the World Bank Group, has disclosed that developing countries in the world concede about $40 billion annually to the scourge called corruption. He made this known during a recent meeting on Anti-Corruption at the Center for Strategic and International Studies in Washington DC. According to Kim, research […]

IMF Plans $1.78bn Economic Recovery Lifeline For Tunisia

  By Bamidele Obafemi The International Monetary Fund (IMF) has disclosed a plan to assist Tunisia with US$1.78billion loan for the country to be able to achieve its various ongoing economic reform agenda. The plan was revealed during a visit of a mission led by Mr. Amine Mati, official of the IMF to Tunisia recently. […]

Relief For Haiti As IFC Awards $1.96 Million To Insure Entrepreneurs Against Natural Disasters

International Finance Corporation (IFC), a member of the World Bank Group, is partnering with donors and the Microinsurance Catastrophe Risk Organisation (MiCRO) to help thousands of low-income micro entrepreneurs in Haiti protect their livelihoods against weather-related risks and natural disasters. Haiti is highly prone to earthquakes, hurricanes, floods and other natural disasters that have devastating […]

Hunger: IMF Approves US$18.4 Million Loan For Mali

By Bamidele Obafemi The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of an amount equivalent to SDR 12 million (about US$18.4 million) for Mali under the Rapid Credit Facility (RCF) to support the authorities with policy advice and financial support to maintain macroeconomic stability and growth during the next 12 […]

IFC Partners Senegal on SME Financing

Dorothy Berry, Vice-President, Human Resources, Communications, and Administration of the International Finance Corporation (IFC) has said the investment arm of the World Bank Group will further develop its support to SME financing, and will work hand in hand with the Government of Senegal to streamline its investment climate, in order to foster job creation. During […]

Charles Ble Goude: Ghana extradites Ivory Coast Gbagbo ally

Charles Ble Goude: Ghana extradites Ivory Coast Gbagbo ally

Charles Ble Goude was first put under UN sanctions in 2006 Ivory Coast’s former youth minister and ally of former President Laurent Gbagbo, Charles Ble Goude, has been extradited from Ghana, officials say. They said Mr Ble Goude was handed over to authorities in Ivory Coast, where he was taken into custody. Mr Ble Goude […]

ECOWAS Parliament endorses peace efforts in Mali

ECOWAS Parliament endorses peace efforts in Mali

The Parliament of the Economic Community of West African States, ECOWAS Parliament, has expressed support for the African-led International Force in Mali. The Speaker of the ECOWAS Parliament, Senator Ike Ekweremadu said the endorsement was made after a meeting with the Chairman of the ECOWAS Authority of Heads of State and President of Cote d’Ivoire, […]

Obama wins second term

Obama wins second term

Obama Tweets victory: 2nd term in the White House turns out to be a walk-over as ‘closest-ever’ election is decided before midnight Turnout seems to have been unusually high this year, with long queues at many polling stations. The polls have the president leading in Ohio by three points, Florida by one point – and […]

IMF warns Nigeria against expansionary fiscal policy.

IMF warns Nigeria against expansionary fiscal policy.

TheInternational Monetary Fund (IMF) has warned the federal government against expansionary fiscal policies in view of the growing uncertainty in the global economic environment, despite the current impressive performance of the economy in GDP terms. The world monetary body gave the warning in Abuja while presenting the World Economic Outlook. The Senior Resident Representative of […]