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COVID-19: IMF approves debt relief for 25 countries, including 19 in Africa

The International Monetary Fund on Monday announced a plan to provide immediate debt relief to 25 member countries, including 19 African states to allow them to focus more on the coronavirus pandemic. According to the IMF Managing Director Kristalina Georgieva, the Washington-based institution approved the first batch of countries to receive grants, under its Catastrophe […]

UK’s new PM pledges $108m to Africa, Middle East to grip migration crisis ‘at source’

The newly elected British Prime Minister Keir Starmer announced Thursday (18 July) $108 million in funding for Africa and the Middle East to tackle illegal migration “at source”, as he seeks to “reset” the United Kingdom’s approach to deal with the problem. Starmer has pledged $108 million to fund health and education initiatives abroad, as […]

Morocco, Rwanda join 12 other WTO member states to support open and fair trade

In a bold step to safeguard global trade from rising protectionism, fourteen small and medium-sized countries, including Morocco and Rwanda, have officially launched the Future of Investment and Trade (FIT) Partnership, a new international alliance aimed at promoting open markets, attracting investment, and addressing modern trade challenges. Announced during a virtual ministerial meeting attended by […]