The People’s Bank of China and the African Development Bank agreed last week to establish a $2 billion co-financing fund.
Insuring Against Extreme Weather: Farmers and their families in five African countries will gain some financial protection against drought this growing season through a catastrophe insurance pool launched in May by African Risk Capacity (ARC).
Election Coverage: “Good days are here,” tweeted prime minister-designate Narendra Modi after he led the right-wing Hindu nationalist Bharatiya Janata Party to a landslide victory last Friday in India’s bitterly fought parliamentary elections.
Do you remember the 2007-2008 financial crisis? Its daunting impact on the world economy is finally fading away and the US Federal Reserve Board is slowly moving to a less expansionary monetary policy, but the debate on its causes and, more important, on what is needed to prevent similar episodes from happening again is still very much alive.
Madagascar’s new prime minister, Kolo Christophe Laurent Roger, has vowed to revive the island’s economy, helping it become a true emerging market, and reinforces the promise of president Hery Rajaonarimampianina, when he was elected in December 2013, to lure foreign investors and tourists back to Madagascar.
Situated in the southern Indian Ocean about 1,200 miles off the African coast, Mauritius wants to be the go-to country for entrepreneurs seeking opportunities in Africa. With strong economic and governance fundamentals, a savvy bilingual workforce and a network of agreements with African countries, Mauritius is already being used by major Indian and Chinese companies to expand into the continent.
Accounting For The Rise And Fall Of Nations.
Weird weather presents major problems for supply chains, and 77% of companies believe climate change has the potential to significantly affect their revenue.
The bank's chief economist believes Brazil is more vulnerable to QE III's eventual end than other countries in Latin America.