ukraine
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
News
Co-op Ukraine rallies support for people, offers bread and bed
KYIV– Since the Russian military invaded Ukraine, the all-Ukrainian union of consumer co-operatives (Ukrkoopspilka) has been working tirelessly to provide products and services to members and customers, offer shelter to people displaced…
Read More » -
News
Woccu webinar describes efforts to support credit unions in Ukraine
USA – The World Council of Credit Unions (Woccu) and the Regional Credit Union Center (RCUC) for Central and Eastern Europe recently hosted a virtual event to explore the realities on the…
Read More » -
News
Food and energy price shocks from Ukraine war could last for years
KAMPALA– The war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high levels through…
Read More »