Funds

European Council to mobilize $100 billion annually in climate finance through 2025

The council reaffirmed its commitment to climate finance and aims for new targets beyond 2025.

World Bank commits over $2 billion to support Bangladesh’s reforms

The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025

EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure

New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components

China’s lending to Africa rises for the first time in seven years in 2023, reaches $4.61 billion

Between 2000 to 2023, Chinese lenders provided 1,306 loans amounting to $182.28 billion to 49 African governments and 7 regional borrowers

Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement

The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring

Global gold ETFs plummet $6.7 billion in 2024, marking worst performance in over a decade: Report

Data showed that Asia was an outlier that registered inflows of $3.1 billion in H1 2024

COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change

At COP28, countries pledged a total of $792 million for loss and damage funding arrangements

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion

The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies

Egypt to ensure foreign currency availability through maintaining flexible exchange rate

This represents a key condition for Egypt's $8 billion loan program signed with the IMF

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

IMF prepared to assist Sri Lanka in talks with bondholders

Sri Lanka government failed to restructure $12 billion debt with bondholders

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January