ukraine
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International
Global economy’s “speed limit” set to fall to three-decade low
WASHINGTON – The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. An ambitious policy push is…
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International
NCUT creates bank account to help cooperatives affected by earthquakes in Turkey
LONDON – The National Cooperative Union of Turkey [NCUT] has opened a bank account to provide assistance to member cooperatives affected by the recent earthquakes in Turkey. This follows the request of…
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International
Ukrainian cooperative movement still needs more help as war escalates
BRUSSELS-The Cooperative Movement in war-ravaged Ukraine still needs more help, according to the International Cooperative Alliance [ICA] which has contacted Illia Gorokhovskyi, COOP Ukraine’s chairman. ICA says it recently contacted Gorokhovsky to…
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Africa
Botswana: AfDB Group commits US$ 180mln to bolster post-Covid-19 economic recovery
GABORONE-The Board of Directors of the African Development Bank [AfDB] has approved a loan of US$179.66 million to support government of Botswana to restore post-pandemic fiscal stability and economic recovery. The funds…
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International
World Bank: Russian invasion of Ukraine impedes post-pandemic economic recovery in Europe and Central Asia
WASHINGTON-Russian invasion of Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the…
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International
Ukraine wheat will ease hunger in Ethiopia – WFP
UN-The World Food Programme [WFP] says 30,000 tonnes of Ukrainian wheat bought for its operations in Ethiopia is expected to arrive in neighbouring Djibouti next week. Claire Neville, the WFP’s spokesperson for…
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Development
Russia-Ukraine conflict dampens Uganda’s growth prospects-BoU report
KAMPALA– The adverse global economic developments and higher domestic inflation have diminished the prospects for Uganda’s domestic economic growth, according to the Bank of Uganda [BoU] Monetary Policy Report June 2022. “The…
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Cooperatives & Communities
Why Alvaro Lario was chosen IFAD’s next president
ROME– The International Fund for Agricultural Development [ IFAD ] has appointed its top finance executive, Alvaro Lario, to be its next president, choosing a champion of private sector investments to lead…
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International
Africa and the Caribbean to firm cooperation via regional development banks
KAMPALA– Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier financial institutions—the African Development Bank [AfDB] and the Caribbean Development Bank—came together to…
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News
BoU raises CBR to 7.5 percent in June
KAMPALA– The current global inflationary pressures have forced the Bank of Uganda [BoU] to raise the Central Bank Rate [ CBR ] by 1 percentage point to 7.5 percent, from 6.5 percent…
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